Sales and new contracts were on the rise in the Panama City Beach real estate market during February with 151 properties closed for homes and condominiums combined and 101 properties placed under contract. In the Panama City market, activity remained steady with 41 homes sold and 32 new contracts. Berkshire Hathaway HomeServices Beach Properties of Florida was ranked in the top 4 agencies in Panama City Beach for the month, earning over $9.7 million in sales volume with 18.5 transaction sides and over $11.8 million in sales volume in Bay County.
The highest priced condo closed in Panama City Beach was a gulf front, four bedroom penthouse in Ocean Ritz at $1.14 million.
The highest priced single family home to sell in Panama City Beach was a bay front, five bedroom home in Bonefish Pointe at $2.47 million. A Berkshire Hathaway HomeServices sales executive represented the seller in this transaction.
The highest priced single family home to sell in Panama City was a bay front, three bedroom home in Cove Pointe at $1.675 million.
The highest priced new construction, single family home to sell in Panama City was a four bedroom home in SweetBay at $657,371.