Real Estate Market Update for Panama City Beach, FL
Welcome to March's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was up 1% compared to one year earlier, and down 8% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was 380-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 10%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 270-thousand dollars. The number of units sold increased 61% year-over-year, and increased 41% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Panama City Beach, FL
Area Information for Panama City Beach, FL
  • Population: 12,285
  • Median Age: 40.81 yr
  • Median Commute Time: 15.45 mins
  • Educational Climate*: 5
  • Sales Tax: 6.5%
  • Population Density: 668/sq mi
  • Population Change Since 2000: 46.32%
  • Closest Airport: Northwest Florida Beaches International
  • Closest College: Gulf Coast Community College
  • Closest Jr. College: Chipola College
  • Median Household Income: $50,336
  • Annual Residential Turnover: 15.86%
  • Median Years in Residence: 2.81 yr
  • Median Home Sales Price: $160,000
  • Closest Major Sports Team: Pensacola Blue Wahoos
  • Change Avg. Household Income Since 2000: 25%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Panama City Beach, FL
Median Age: 40.81 Married: 35% Number of Households: 5,278 Households with Children: 1,247
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Panama City Beach, FL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      J.r. Arnold High School 4.0 mi Public 9-12 3 3
      St. Bernadette Catholic School 4.7 mi Catholic K-4 0 0
      Hutchison Beach Elementary School 5.3 mi Public K-5 2-5 4
      Breakfast Point Academy 5.3 mi Public K-8 4 4
      Surfside Middle School 5.4 mi Public 6-8 3-5 3
      Patronis Elementary School 6.1 mi Public PRESCHOOL-5 4 5
      St. Andrew School 7.2 mi Public PRESCHOOL-5 0 1
      Oakland Terrace School For The Visual And Performing Arts 7.9 mi Public PRESCHOOL-5 1 0
      Saint John Catholic School 8.2 mi Catholic PRESCHOOL-8 0 5
      Renascence School International 8.3 mi Private PRESCHOOL-8 0 0
      Exceptional Student Education 8.5 mi Public PRESCHOOL-12 0 0
      Virtual School 8.5 mi Public K-8 0 0
      Bay Virtual Franchise 8.5 mi Public K-12 2-5 0
      North Bay Haven Career Academy 8.7 mi Public 9-12 4-5 5
      North Bay Haven Charter Academy Middle School 8.7 mi Public 6-8 4 5
      North Bay Haven Charter Academy Elementary School 8.7 mi Public K-5 4 5
      Almega Preparatory Academy 8.9 mi Private 12-12 0 0
      Jinks Middle School 9.0 mi Public 6-8 2 3
      Bay High School 9.3 mi Public 9-12 2-5 3
      Chautauqua Charter School 9.4 mi Public 12-12 0 0
      Bay Regional Juvenile Detention Center 9.6 mi Public 5-12 0 0
      Panama City Marine Institute 10.0 mi Public 6-12 0 0
      Rosenwald High School 10.3 mi Public 8-12 0 0
      Oscar Patterson Elementary Magnet 10.4 mi Public PRESCHOOL-5 1 2
      Holy Nativity Episcopal School 10.6 mi Private PRESCHOOL-8 0 5
      Eagle Nest Christian Academy 10.8 mi Private PRESCHOOL-12 0 0
      Merriam Cherry Street Elementary School 11.0 mi Public PRESCHOOL-5 1 4
      Rutherford High School 11.5 mi Public 9-12 2-5 3
      Margaret K. Lewis In Millville 11.7 mi Public PRESCHOOL-12 0 4
      Everitt Middle School 11.8 mi Public 6-8 1 2
      Springfield Elementary School 11.8 mi Public PRESCHOOL-5 1 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Panama City Beach, FL
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.