Sales fell in the Panama City Beach real estate market during July with 159 properties closed for homes and condominiums combined and 149 properties placed under contract. In the Panama City market, activity slightly decreased with 52 homes sold and 37 new contracts. Berkshire Hathaway HomeServices Beach Properties of Florida was in the top 5 sales agencies for Panama City Beach earning nearly $8 million in sales volume with 16 transaction sides in Panama City Beach and over $11 million in sales volume in Bay County.
The highest priced condo closed in Panama City Beach was a gulf front, three-bedroom residence in En Soleil at $1.525 million.
The highest priced single-family home to sell in Panama City Beach was a gulf front, six-bedroom home in Margaritaville Cottages at $3.925 million.
The highest priced single family home to sell in Panama City was a canal front, five-bedroom home in Kings Point at $810,000.
The highest priced new construction, single family home to sell in Panama City was a four-bedroom St. Andrew plan in SweetBay at $619,874.