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PreConstruction Condo Sales In Panama City Beach

There have been many recent news stories about preconstruction condos in Panama City Beach. While the condo market has made a nice recovery, it is a little premature to forecast another preconstruction boom.

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Ocean Villa sales history

Ocean Villa sales history

Looking at the entire sales history of Ocean Villa, I compared the two bedrooms there with four other buildings that were constructed by the same developer and had identical floor plans. The graphs show a comparison of recent sales, the entire history, sales volume, and annual percentage change. Condos on the west side of the beach tend to demand a slight premium to those located in central Panama City Beach.

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Calypso Tower III - under construction

Calypso condominium tower 3

Calypso Tower III update 9-4-2017

Calypso began construction on its third tower this summer.  The original Calypso preconstruction reservations were canceled and they are taking reservations again.

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Calypso condominium sales history

Calypso history of sales

Updated 8/30/2017: As one of the most popular condo complexes in Panama City Beach, Calypso is known for its prime location near Pier Park. Since the real estate market began to rebound in 2011, Calypso has been able to command higher prices, and these units sell for more than similar floor plans in nearby buildings.

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July 2017 Market Update

Panama City Beach condo sales update for July 2017

The Panama City Beach condo prices rose a healthy 2.3% the first half of this year compared to 2016. Despite the price increases, volume is up 29% compared to the same period last year. All signs point to a very healthy market.

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