Sales rose slightly in the Panama City Beach real estate market during May with 219 properties closed for homes and condominiums combined and 163 properties placed under contract. In the Panama City market, activity also increased with 64 homes sold and 60 new contracts. Berkshire Hathaway HomeServices Beach Properties of Florida was in the top 5 sales agencies for Panama City Beach earning over $12 million in sales volume with 27 transaction sides in Panama City Beach and over $14 million in sales volume in Bay County.
The highest priced condo closed in Panama City Beach was a gulf front, three bedroom residence in Palazzo at $1.225 million.
The highest priced single family home to sell in Panama City Beach was a gulf front, four bedroom home in Carillon Beach at $10.7 million.
The highest priced single family home to sell in Panama City was a bay front, four bedroom home at $1.4 million.
The highest priced new construction, single family home to sell in Panama City was a five bedroom Santa Rosa plan in SweetBay at $724,990.