The average sales price for a condominium in Panama City Beach, FL continues to fall. In 2006 the average price for a condominium was $340,532.00. In 2007 the average sales price was $318,598.00. In 2008 the average sales price was 293,249. But it get worse, the average sales price for a condominium the first three months in 2009 has been $229,322.00. This is a 33% drop in price over the past three years. 22% drop in the past 12 months. Banks are driving prices down.
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Average sales price for a condominium in Panama City Beach, FL. |
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Average Sale Price |
2006 |
$340,532.00 |
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Average Sale Price |
2007 |
$318,598.00 |
93.56% |
-6.44% |
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Average Sale Price |
2008 |
$293,249.00 |
92.04% |
-7.96% |
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Average Sale Price |
2009 |
$229,322.00 |
78.20% |
-21.80% |
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67.34% |
-32.66% |
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