Pending contracts increased while closings declined in the Panama City Beach real estate market during January with 126 properties closed for homes and condominiums combined and 82 properties placed under contract. In the Panama City market, sales remained consistent with 50 homes sold and 21 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 $5.6 million in sales volume with 10 transaction sides and over $7.5 million in sales volume in Bay County.
The highest priced condo closed in Panama City Beach was a gulf front, multi-unit residence in Riviera Beach at $5.1 million.
The highest priced single family home to sell in Panama City Beach was a gulf front, six bedroom home in Margaritaville Cottages at $3.46 million.
The highest priced single family home to sell in Panama City was a bay front, four bedroom home in Bunkers Cove at $1.65 million.
The highest priced new construction, single family home to sell in Panama City was the same home mentioned above in Bunkers Cove.