Looking for a house instead of a condo? Visit PCB Communities →
Century 21 AllPoints Realty — Bay to 30A Team
Market Data

Panama City Beach Condo Market Report

Data updated: 2026-09-06

Source: NAR RPR

$335K
Median Sold Price
−8.2%
12-Mo Price Change
105 days
Median Days on Market
Buyer's Market
Market Type

These figures reflect the citywide Panama City Beach condo market — the same RPR data behind the snapshot and full reports below.

Market Summary

Citywide condo prices are down 8.2% over the past 12 months to a $335K median sold price, with time on market stretching to 105 days — a buyer's market with real negotiating room.

Panama City Beach's condo market is in correction. Citywide, the median sold price is down 8.2% over the past 12 months to $335K, and time on market has stretched to a median of 105 days. RPR currently classifies this as a buyer's market — see the RPR snapshot below for the full breakdown, including median list price and median estimated value.

This isn't a single-cause slowdown. Insurance costs that surged roughly eightfold from 2019 through their peak are only now beginning to ease — down for two consecutive years, with local brokers projecting another ~10% drop in 2026 as carriers re-enter the Florida market. At the same time, Florida's SIRS and Milestone inspection mandates are pushing some owners to sell rather than fund large reserve contributions or special assessments, adding inventory at a moment when buyer demand is already soft.

What It Means for Buyers

This is a buyer's market: more negotiating room, longer time on market, and sellers more willing to work with reasonable offers than in 2021–2023. Buildings with a clean milestone inspection, a completed reserve study, and healthy reserves are the safer bet — those with deferred maintenance or pending assessments carry real downside risk in a soft market.

Citywide Condo Snapshot (RPR) RPR market snapshot for Panama City Beach condos

A broader, citywide view of Panama City Beach condos — including the gulf-front buildings above, plus the rest of the market. Updated monthly.
Source: REALTORS® Property Resource (RPR). Snapshot refreshed 2026-09-06.

Full Market Reports

Get the Complete Picture

The snapshot above is the headline number. Enter your name and email for the full downloadable reports — monthly detail, quarterly trends, and long-term historical context.

Building-by-Building — Gulf-Front High-Rises

Building Zone Units Year Built HOA (recent MLS range)
Gulf Crest Thomas Drive 152 2004 $965–$1,253/mo
Sterling Reef Miracle Strip / East End 126 2005 $977/mo (flat)
Sunrise Beach Pier Park 215 2005 $844–$1,472/mo
Tropic Winds West End / Carillon 164 2009 $699–$816/mo
Aqua Pier Park ~233 2007 $611–$1,038/mo
Edgewater Beach & Golf Miracle Strip / East End 452–454 1984–1994 $889–$2,336/mo
Calypso Pier Park ~646 2006 varies by tower
Tidewater Beach Resort West End / Carillon 570 2007 $630–$1,504/mo

Detailed listings, floor plans, and current pricing available on each building's guide page. HOA figures reflect recent MLS listings, not association documents — dues, coverage, and reserve funding can change. Confirm current dues in the live listings on each building's page, or with the HOA, before making an offer.

Trend Context

  • Hurricane Michael recovery (8 years post-storm): Rebuilding is largely complete. Most PCB buildings have finished required elevator and fire-system electronic upgrades. The lasting impact is in insurance — buildings with multiple Michael-era claims may still carry surcharges that haven't fully rolled off.
  • SIRS impact: Florida's reserve-study and milestone-inspection mandates are reshaping condo values. Buildings that complete Milestone with clean results should be easier to insure and finance; those with deferred maintenance findings face potential carrier declinations or rate increases. The real pricing impact will become visible as associations complete and disclose results over the next 12–24 months.
  • Insurance trends: Premiums surged roughly eightfold from 2019 to peak, then declined for two consecutive years. Local broker projections estimate a further ~10% drop in 2026 as carriers re-enter the Florida market. Some buildings fund insurance via a separate annual assessment rather than the operating budget — the "HOA fee" alone may not reflect the full insurance cost.

Market Report FAQ

What area does this market report actually cover?
These figures reflect the citywide Panama City Beach condo market, sourced from the same RPR data shown in the snapshot above. For deep-dive detail on 8 specific gulf-front buildings, see the individual building guides linked throughout this site.
Is the Panama City Beach condo market currently a buyer's or seller's market?
A buyer's market, as of this report — more negotiating room, longer time on market, and sellers more willing to work with reasonable offers than during 2021–2023.
What are Milestone inspections and SIRS, and why do they matter for buyers?
Two separate Florida requirements for condo buildings, often run together. A Milestone inspection is a structural inspection that produces findings. A SIRS — Structural Integrity Reserve Study — is a reserve study, not an inspection; it sets how much the association must hold for major components. Buildings that complete Milestone with clean results should be easier to insure and finance; buildings with deferred-maintenance findings face potential carrier declinations, rate increases, or special assessments. Ask for a building's current Milestone and SIRS status before making an offer.
Is condo insurance still rising in Panama City Beach?
It's easing, not rising, as of this report — premiums surged roughly eightfold from 2019 to their peak, then declined for two consecutive years, with local brokers projecting a further ~10% drop in 2026. Some buildings fund insurance through a separate annual assessment rather than the operating budget, so the quoted HOA fee alone may not reflect the full insurance cost.
How do I get the full monthly, quarterly, and historical reports?
Enter your name and email in the "Get the Complete Picture" section above — there's no cost, and the full downloadable reports unlock immediately in your browser.
What is the median condo price in Panama City Beach?
$335K citywide as of the most recent RPR pull — down 8.2% over the past 12 months. See the RPR snapshot above for the full breakdown, including median list price and median estimated value.
Are Panama City Beach condo prices going up or down right now?
Down — citywide median sold price is off 8.2% over the trailing 12 months, to $335K. See the RPR snapshot above for the full breakdown, including median list price and median estimated value.
Is condo inventory tight or plentiful in Panama City Beach?
Citywide inventory has tightened somewhat over the past year, though it's still a buyer's market overall — see the RPR snapshot above for the current months-of-supply figure. At the building level it varies sharply: Tropic Winds and Gulf Crest, for example, have had fewer than 6 active listings at times.
What are typical HOA fees for Panama City Beach condos?
They vary widely by building — see the building-by-building table below for current MLS-observed HOA ranges at each of the 8 featured buildings. Dues, coverage, and reserve funding can change, so confirm current figures before making an offer.
Your Advisor on the Sand

Find the right condo —
not just an available one.

Tell Doug what you're looking for and how you plan to use it. You'll get an honest read on the buildings, the fees, and the floors worth paying for — before you ever write an offer.

Start a Conversation

Doug Hooper, REALTOR® · Century 21 AllPoints Realty · FL Lic. #SL3568532