30A & PCB November 2021 Real Estate Market Update
Craig Duran
Craig has been helping people buy and sell real estate since 2003...
Craig has been helping people buy and sell real estate since 2003...
If you’re thinking about selling your home or condo, it's important to have a good understanding of what’s going on in the market.
Knowing the most important data such as the average sales price, number of properties sold, and days on market will better prepare you to sell.
Our market report showcases everything you need to know about local real estate trends along 30A and in Panama City Beach.
Panama City Beach Housing Remains Strong
The "average" price of homes in Panama City Beach skyrocketed in 2021 to $642,657. This was driven by heavy activity on and close to the water. We are still VERY much in a seller's market with only 1.3 months of supply and homes lasting, on average, only 33 days on the market for sale. I don't like to get caught up in price per square foot for housing. There is simply too much variety across all price points but the "average" SOLD price per square foot in November was $290.
$642K
Average Sales Price
1.3
Months of Supply
33
Average Days on Market
$290
Average Price per Square Foot
30A Real Estate STILL In High Demand
When you combine both the East AND West sections of 30A, the average sales price in November was $1,612,862. With only 1.56 months of supply, we are still VERY much in a seller's market. Homes are staying on the market, on average, only 38 days. Again, price per square foot varies wildly in a market like this but the "average" was $674.
$1.6M
Average Sales Price
1.56
Months of Supply
38
Average Days on Market
$674
Average Price per Square Foot
Panama City Beach Condo Market Numbers Show More Strength
The "average" sales price for a condo in November was $415,765 but we have seen recent sales OVER $1M in this market. With only 1.6 months of supply and condos only lasting for 43 days on the market, the PCB condo market is definitely in a strong seller's market. Condos are a little easier to compare than homes when talking about price per square foot...the "average" SOLD price per square foot was $382 in November.
$415K
Average Sales Price
1.6
Months of Supply
43
Average Days on Market
$382
Average Price per Square Foot