November was an exciting month for the Panama City Beach market with 314 properties closed for homes and condominiums combined, up from 247 properties in October. 114 properties went under contract during November. The Panama City market was also active with 74 homes sold and 50 new contracts. Berkshire Hathaway HomeServices Beach Properties of Florida was ranked in the top 5 agencies for the month, earning $13.2 million in sales volume with 33 transaction sides in the Panama City Beach market and nearly $15 million in sales volume overall in Bay County.
The highest priced condo closed in Panama City Beach was a gulf front, four bedroom residence in The Princess at $1.15 million.
The highest priced single family home to sell in Panama City Beach was gulf front, nine bedroom property in Laguna Beach at $3.9 million.
The highest priced single family home to sell in Panama City was a five bedroom estate on St. Andrews Bay in Bunkers Cove at $2.3 million.
The highest priced new construction, single family home to sell in Panama City was a three bedroom Miramar plan in SweetBay at $401,509.