Sales decreased in the Panama City Beach real estate market during November, a typical trend for this time of year and in the current market environment. There were 140 properties closed for homes and condominiums combined and 52 properties placed under contract. In the Panama City market, there were 60 homes sold and 15 new contracts. Berkshire Hathaway HomeServices Beach Properties of Florida was ranked in the top 5 agencies in Panama City Beach for the month, earning over $8.6 million in sales volume with 17.5 transaction sides and over $11.4 million in sales volume in Bay County.
The highest priced condo closed in Panama City Beach was a gulf front, four bedroom residence in Edgewater at $1.04 million.
The highest priced single family home to sell in Panama City Beach was a gulf front, seven bedroom home in Bel Air at $3.95 million.
The highest priced single family home to sell in Panama City was a new construction, five bedroom home in SweetBay for $853,056.
The highest priced new construction, single family home to sell in Panama City was a five bedroom St. George plan in SweetBay at $853,056.