Panama City has an estimated population of 34,667 and serves as the county seat of Bay County, Florida. It is home to many great public schools, a diverse culture, good weather, and a historic downtown. Residents of Panama City enjoy white sandy beaches, an abundance of activities and entertainment options, and a moderate cost of living.
Although a majority of the residents in Panama City rent their homes, there are also many who own their homes. The median home listing price in this Florida city is $226.5K at $134 per square foot, though prices can range from $6.9K to $6M. Cheaper homes can be found in Millville, with a median listing price of $96.5K. Panama City’s most expensive neighborhood is, by far, Candlewick Acres, with a median listing price of $405K.
The city obviously has a hot real estate market, with plenty of affordable housing options. As such, many homebuyers flock to the area to buy property in this scenic Florida city. But, purchasing Panama City real estate requires more knowledge than many believe. It is an often lengthy process, characterized by endless days of searching, property visits, and negotiating. The same goes for property owners who want to sell their homes. Either way, you will greatly benefit from professional real estate services.
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