Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 29% from one year earlier, and up 29% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 35%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 210-thousand dollars. The number of units sold increased 33% year-over-year, and increased 50% 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, FL
Area Information for Panama City, FL
Population:38,896
Median Age:40.51 yr
Median Commute Time:18 mins
Educational Climate*:4
Sales Tax:0%
Population Density:1,111/sq mi
Population Change Since 2000:6.32%
Closest Airport:Northwest Florida Beaches International
Closest College:Gulf Coast Community College
Closest Jr. College:Chipola College
Median Household Income:$39,192
Annual Residential Turnover:0%
Median Home Sales Price:$152,000
Closest Major Sports Team:Pensacola Blue Wahoos
Change Avg. Household Income Since 2000:30.6%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Panama City, FL
Median Age: 40.51Married: 34%Number of Households: 15,954Households with Children: 3,781
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
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.