Condo sales volume is 25% higher than last year’s 20-year record low. Average condo prices have dropped 2.7% from 2025’s annual average. These figures vary significantly depending on the buildings and floor plans sold this quarter. Examples follow below.

As times change, so do condominium loans in Panama City Beach. The reason is because most buyers are people who purchase these properties as secondary residences or investment properties. The type of loans that banks grant for secondary residences are different from those offered for primary residences especially after the mortgage meltdown of 2008. Before the mortgage crisis, most lenders sold their condominium loans to Fannie Mae, Freddie Mac and any other bank or financial institution that was willing to take them on the secondary market.

Looking at the entire sales history of Ocean Villa, I compared the two bedrooms there with four other buildings that were constructed by the same developer and had identical floor plans. The graphs show a comparison of recent sales. Condos on the west side of the beach tend to demand a slight premium to those located in central Panama City Beach.

The chart above tracks every recorded sale at Aqua Condominium in Panama City Beach from the building's 2007 opening through the present, broken out by floor plan type.