January was an exciting month for the Panama City Beach market with 255 properties closed for homes and condominiums combined and and a surge of new contracts; 131 in total, up from 94 contracts in December. The Panama City market was also active with 74 homes sold and 36 new contracts. Berkshire Hathaway HomeServices Beach Properties of Florida was ranked in the top 4 agencies in Bay County for the month, earning $18 million in sales volume with 38 transaction sides in the Panama City Beach market and over $24 million in sales volume overall in Bay County.

The highest priced condo closed in Panama City Beach was a gulf front, four bedroom residence in Sterling Beach Condominiums at $1.35 million.

The highest priced single family home to sell in Panama City Beach was gulf front, four bedroom property in Laguna Beach at $2.75 million.

The highest priced single family home to sell in Panama City was a bay front, four bedroom residence in Bayview Heights at $1.15 million.

The highest priced new construction, single family home to sell in Panama City was a three bedroom St. George plan in SweetBay at $695,295.