December was another consistent month for the Panama City Beach market with 289 properties closed for homes and condominiums combined and 94 new contracts. The Panama City market was also active with 79 homes sold and 26 new contracts. Berkshire Hathaway HomeServices Beach Properties of Florida was ranked in the top 6 agencies for the month, earning $8.4 million in sales volume with 20.5 transaction sides in the Panama City Beach market and over $17 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 Aqua at $950,000.
The highest priced single family home to sell in Panama City Beach was gulf front, nine bedroom property in Laguna Beach at $3.8 million.
The highest priced single family home to sell in Panama City was a bay front, five bedroom residence in the Northshore community at $1.55 million.
The highest priced new construction, single family home to sell in Panama City was a three bedroom Captiva plan in SweetBay at $522,680.