Closings increased in the Panama City Beach real estate market during December with 171 properties closed for homes and condominiums combined and 39 properties placed under contract. In the Panama City market, sales decreased slightly with 53 homes sold and 19 new contracts. Berkshire Hathaway HomeServices Beach Properties of Florida was ranked in the top 3 agencies in Panama City Beach for the month, earning over $12.7 million in sales volume with 28 transaction sides and over $16 million in sales volume in Bay County.
The highest priced condo closed in Panama City Beach was a gulf front, three bedroom residence in Palazzo at $1.2 million.
The highest priced single family home to sell in Panama City Beach was a gulf front, eight bedroom home in Hollywood Beach at $5.5 million.
The highest priced single family home to sell in Panama City was a new construction, five bedroom home in SweetBay at $820,567.
The highest priced new construction, single family home to sell in Panama City was a five bedroom St. George plan in SweetBay at $820,567.