February was a steady month for the Panama City Beach market with 270 properties closed for homes and condominiums combined and 110 properties placed under contract. The Panama City market was also active with 60 homes sold and 46 new contracts. Berkshire Hathaway HomeServices Beach Properties of Florida was ranked in the top 6 agencies in Panama City Beach for the month, earning over $14 million in sales volume with 28 transaction sides in the Panama City Beach market and nearly $21 million in sales volume overall in Bay County.
The highest priced condo closed in Panama City Beach was a gulf front, three bedroom residence in Hidden Dunes at $1.02 million. Berkshire Hathaway HomeServices Beach Properties of Florida represented both the buyer and seller in this transaction.
The highest priced single family home to sell in Panama City Beach was gulf front, seven bedroom property on the west end at $5 million.
The highest priced single family home to sell in Panama City was a bay front, four bedroom residence in the St. Andrews Bay area at $1.03 million.
The highest priced new construction, single family home to sell in Panama City was a three bedroom Sanibel plan in SweetBay at $559,230.