While this time of year is traditionally slower for the Panama City Beach market, a recovery is also showing post Hurricane Michael with new pending contracts up for both condominiums and single family homes. A total of 150 properties closed with a combined volume of over $50 million. The highest priced condo to close during November was a Gulf front three bedroom at Tidewater Beach Phase I for $608,000 while the highest priced home to close was a four bedroom Gulf front home in the Carillon Beach community for $1.875 million.
Scroll below for an overall recap of residential sales activity for both single family homes and condominiums.
*Market data for 11/1/18 to 11/30/18 as of 12/12/18. Information reported is deemed reliable but is not guaranteed. © 2018 MLS and FBS.