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.
2017 sales volumes are similar to recent years. Over the past few years, more and more Calypso condominium preconstruction owners have become comfortable selling at the current prices.
Standard 1-bedroom floorplan
Of note, a standard one-bed unit sold eleven times in 2016. We expect a similar volume for 2017 with small average price increase year over year.
2-bedroom + bunk floorplan
Calypso condominium recent sales
2-803 sold in June 2017 for $265,000.
1-bedroom with master on the water
2-105 sold in June 2017 for $275,000.
2-bedroom with bunk room
1-1906 sold for $410,000 in August 2017.
2-1602 sold for $400,000 in August 2017.
1-1704 sold for $399,000 in August 2017.
1-706 sold for $395,000 in August 2017.
2-bedroom end units
1-2009 sold in July 2017 for $415,000
1-1501 sold in July 2017 for $506,000
1-2201 sold in July 2017 for $500,000
2-409 sold in February 2017 for $550,000
Here is a list of the Calypso condominiums currently for sale.
Pricing expectations moving forward
The average sale price continues to slowly increase, but we are now seeing a lack of available inventory. There are currently only 3 condominiums for sale in Calypso. Things like tile, floor level, furnishings, and especially dedicated parking spaces are still commanding higher sales prices. Calypso is leading Panama City Beach in per square foot sales prices.
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