Real Estate Market in Panama City, Florida
Buying Real Estate in Panama City
- Population: 36,000
- Condo: $70,000- $1.4m
- Family home: $100,000 – $3.5m
- Waterfront: n/A
- Investment Potential rating: ***
- Nearest international Airport: Northwest Florida Beaches International Airport, 22 miles.
Another northwestern gem, Panama City has access to some beautiful beaches, as well as the many water sports, and activities this stretch of the Gulf Coast provides. This area is a favorite destination for families, offering both wonderful beaches and wildlife, and easy access to amusement parks, golf courses and entertainment.
Property for Sale in Panama City, FL
Here the market is looking fairly healthy, with prices rising steadily. Although the condo market has been over supplied in recent years, it now looks like inventory is being absorbed by the market. In fact, in the first quarter of 2013 inventory decreased by 36 percent on the same period in 2012. In addition sales were up by 23 percent, indicating the market is on the rise and healthier than it has been in the last few years.