Condo sales prices throughout
Panama City Beach have increased at a slower pace. There have been consecutive years of price increases: 10.6 percent, 10.4 percent and 7.0 percent for 2013, 2014 and 2015, respectively. But 2016
Panama City Beach condo sales prices have yet to improve on the trend with prices being down approximately 1.8 percent. Individually, floor and building plans have been disappointing.
Since 2001, average condo sales prices per square foot constructed is off 2.2 percent for the year.
Residents will be glad to learn that the long awaited improvement project running along Front Beach Road, was originally expected to begin last year, is scheduled to begin soon. The project delays are the result of permitting delays and changes in staff members. The project came back on track after the Panama City Beach City Council adopted the project in July. Improvements include the addition of landscaped medians, updated underground utilities, sidewalks, and transit lanes among other road improvements.
