Welcome to Panama City Beach
A beautiful community on Florida’s Gulf Coast with spectacular white sand beaches and emerald water. Explore Panama City Beach real estate!
Welcome to Panama City Beach, on Florida’s Emerald Coast. One of the world’s most beautiful beaches, the area gets its name from its emerald-colored water and sugary white sand. One of the best things about living in Panama City Beach is the incredible weather. With over 300 days of sunshine every year, there’s lots of time to get outside and have fun. The Panama City Beach real estate market offers residences at all different price points, including single-family homes and condominiums in an area filled with golf courses, marinas, and local attractions. Panama City Beach is also a top-rated tourist destination, so it offers excellent parks, activities, shopping, and entertainment venues.
What to Love About Panama City Beach Real Estate
- 27 miles of gorgeous, sugar-white sand beaches
- Phenomenal year-round weather with over 300 days of sunshine
- Fantastic local-caught seafood
- Endless options for outdoor activities
Houses in Panama City Beach offer a relaxed and laid-back vibe. A good mix of ages, races, and backgrounds makes this area diverse, friendly, and welcoming. Locals enjoy long walks on the white sand beaches, watersports, fishing, kayaking, excellent seafood, fun annual events, and gorgeous sunsets over the Gulf of Mexico.
Dining, Entertainment & Shopping
In Panama City Beach, seafood is king. Triple J Seafood & Steaks is an excellent casual, locals favorite, serving fresh seafood and hand-cut Certified Angus Beef every day. The fun outdoor seating area is a great place to enjoy live music while eating dinner or having drinks with friends. For something a little fancier, go to Firefly, which serves everything from stuffed filet mignon to boar shank to hand-crafted sushi and more…all while in a unique setting of a tree-filled canopy of twinkling fireflies.
Ready to cut loose? Panama City Beach has nightclubs that will make you party like a rock star. Tootsie’s Orchid Lounge has a honky-tonk vibe and has live country music and bar food. Pineapple Willy’s is a fantastic place for beachfront drinks and live music.
Pier Park is an outdoor mall with popular clothing brands, shoe stores, beach shops, and many restaurants. There are also rides for children of all ages, a live performance stage, and the only IMAX theater in the area. The Shoppes at Edgewater has unique restaurants and shops, including a surf shop, children’s stores, etc.
Frank Brown Park and the Panama City Beach Sports Park Complex are popular locations for sports and outdoor activities. Frank Brown Park has hiking trails, a dog park, a youth fishing pond, sports fields, and a site for local festivals. Panama City Beach Sports Park Complex is a world-class sports complex with 24 sports fields, and they provide leagues and programs for children and adults.
Things to Do
With 27 miles of gorgeous beachfront, you can set up your beach chair and umbrella anywhere along the coastline. Parasailing, watersports, swimming, snorkeling, and scuba diving are popular activities. The area is also a favorite spot for fishing enthusiasts, there is an excellent surf, pier, and deep-sea fishing.
The following are some of the highly-rated public and private schools in the Panama City Beach real estate market area:
Panama City Beach Housing Market Trends
Florida's Panama City Beach housing market demonstrates a competitive environment with notable price changes. Homes in Panama City Beach typically receive an average of 2 offers and sell within approximately 64 days. In May 2023, the median sale price of homes in Panama City Beach was $435,000, indicating a decrease of 8.9% compared to the previous year. Additionally, the median sale price per square foot in Panama City Beach is $438, showing a slight decrease of 0.11% since last year.
During May 2023, the housing market in Panama City Beach experienced a decline in median home prices, with an 8.9% decrease compared to the previous year. Homes in this area typically spend an average of 64 days on the market, increasing from 30 days last year. The number of homes sold in May this year was 137, representing a decrease of 27.1% compared to the same month the previous year.
The recent data suggests that the Panama City Beach housing market is experiencing a downward trend in median prices while homes take longer to sell. It remains competitive, with homes typically selling within 56 days.