March was an exciting month for the Panama City Beach market with 349 properties closed for homes and condominiums combined (up from 270 in February) and 125 properties placed under contract. The Panama City market was also active with 80 homes sold and 44 new contracts. Berkshire Hathaway HomeServices Beach Properties of Florida was ranked in the top 6 agencies in Bay County for the month, earning nearly $21 million in sales volume with 44 transaction sides in the Panama City Beach market and over $35.4 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 Long Beach Towers at $1.01 million.
The highest priced single family home to sell in Panama City Beach was a newly constructed gulf front, seven bedroom property on the west end at $4.2 million.
The highest priced single family home to sell in Panama City was a bay front, five bedroom residence in the St. Andrews Historic District at $1.365 million.
The highest priced new construction, single family home to sell in Panama City was a four bedroom Marco plan in SweetBay at $604,757.