Area Sales Activity Increases in 2018
During the first half of 2018, 25% more Panama City Beach condos were sold compared to the first half of 2017. The average sales price and price per square foot increased 10% and the units were on the market 65 days less.
This year, there have been three units sold at Palazzo, a 1-br, a 2-br and a 3-br unit. In 2017, there were two 3-br units sold. The average price and price per square foot are lower this year, due to the 1-br unit selling at a low price per square foot.
However, the average price per sq ft for the two remaining sold units is $382 – $28 more per square foot than in 2017! It’s a great year to find out what your unit is valued at.
Find out the current market value of your Palazzo property today – call 850-812-3261 or email Info@NathanAbbottTeam.com for your free no-obligation comparative market analysis.
ResortQuest Real Estate | Broker Associate, Realtor®
Nathan Abbott Team | CEO