Activity remained steady in the Panama City Beach real estate market during May with 158 properties closed for homes and condominiums combined and 113 contracts secured. In Panama City, 70 homes sold, and 37 new contracts were recorded while in Lynn Haven, 33 homes sold with 26 properties place under contract. Berkshire Hathaway HomeServices Beach Properties of Florida earned over $16 million with 16 transactions and over $23 million with 29.5 transactions across Bay County during May.
The highest priced condo closed in Panama City Beach was a gulf front, four-bedroom residence in Edgewater Beach & Golf Resort at $1.175 million.
The highest priced single-family home to sell in Panama City Beach was a lake front, five-bedroom home in Carillon Beach at $3.975 million.
The highest priced single-family home to sell in Panama City was a bay front, five-bedroom home in the Cove at $1.899 million.
The highest priced single-family home to sell in Lynn Haven was a bayou front, three-bedroom home in College Point Estates at $1.2 million.
