Panama City Beach · Building Market Report
Shores of Panama Market Analytics
Every number a buyer, seller, or investor needs on one building: live inventory, closed-sale history, and the neighborhood around it - refreshed monthly from MLS data.
Inventory updated daily · Sale statistics updated November 1, 2026 · Next statistics update early December 2026
How the building is trading
10 units closed at Shores of Panama in the trailing 12 months at a median of $362,500, with a 95.3% median list-to-sale ratio. On the active side, 8 of 20 listings sit below original list price, and standing inventory works out to 24.0 months of supply at the current sales pace.
Two declarations behind one signboard is the structural fact that makes any single figure for this address misleading. Phase I carries 411 recorded units and Phase II carries 298, and because reserve studies, insurance placements and assessment histories belong to a phase rather than to the property, two units with identical layouts can sit behind very different documents. Layered on top is a hazard position the two phases share: ground seaward of the control line, a velocity zone mapped at fourteen feet, and county high-hazard designation, all of which press on carrying cost rather than on the purchase figure and are the reason listings here can sit while apparently similar inland stock moves. A buyer's first question is not level or view. It is which phase, and what that phase's most recent structural study actually says. Be aware that the published resale records mostly cannot answer the first half of that: the large majority carry the shared property name with no phase marker, so the phase has to come from the unit's own recorded documents rather than from anything a listing shows.
Year-over-year figures compare the 12 complete calendar months from November 2025 through October 2026 with the 12 before them. That window can differ from the trailing totals above, which run day-precise through November 1, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2022 | Sample too small |
| 2023 | No data |
| 2024 | $400K |
| 2025 | $347K |
| 2026 YTD | $385K |
| Period | Value |
|---|---|
| 2022 | Sample too small |
| 2023 | No data |
| 2024 | $408 |
| 2025 | $368 |
| 2026 YTD | $341 |
| Period | Value |
|---|---|
| Nov 24 | 0 |
| Dec 24 | 1 |
| Jan 25 | 1 |
| Feb 25 | 0 |
| Mar 25 | 1 |
| Apr 25 | 0 |
| May 25 | 0 |
| Jun 25 | 1 |
| Jul 25 | 0 |
| Aug 25 | 0 |
| Sep 25 | 3 |
| Oct 25 | 0 |
| Nov 25 | 2 |
| Dec 25 | 0 |
| Jan 26 | 0 |
| Feb 26 | 1 |
| Mar 26 | 1 |
| Apr 26 | 2 |
| May 26 | 0 |
| Jun 26 | 2 |
| Jul 26 | 0 |
| Aug 26 | 0 |
| Sep 26 | 2 |
| Oct 26 | 0 |
The monthly charts cover the 24 complete calendar months from November 2024 through October 2026, and a month with no closings is a zero bar rather than a gap. Their last 12 months are the window the year-over-year figures compare.
Based on information from ECAR for the period November 2, 2021 through November 1, 2026.
From the active file
20 units are on the market at Shores of Panama today - a sample of the current file:
$345,000
9900 Thomas Drive Unit 317
Panama City Beach, FL 32408
$329,900
9900 Thomas Drive Unit 2126
Panama City Beach, FL 32408
$340,000
9900 Thomas Drive Unit 1911
Panama City Beach, FL 32408
$450,000
9900 Thomas Drive Unit 719
Panama City Beach, FL 32408
$265,000
9900 Thomas Drive Unit 1805
Panama City Beach, FL 32408
$570,000
9900 Thomas Drive Unit 1728
Panama City Beach, FL 32408
The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.
The investor file
| Typical acquisition (median, 12 mo) | $362,500 |
|---|---|
| Middle-half range (25th-75th pct, 17 priced sales / 24 mo) | $325,000 - $395,000 |
| Median price, 2024 to 2026 | -3.7% ($400,000 to $385,000) |
| Average sale price (12 mo) | $394,000 |
| Sales volume, trailing 12 months | $3,940,000 |
| Sale price range, trailing 12 months | $285,000 - $655,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 1 BR | 3 | 2 | Sample too small |
| 2 BR | 15 | 7 | $375,000 |
| 3 BR | 1 | 1 | Sample too small |
1 of today's active listings (studios or listings without a recorded bedroom count) appears in the headline count but not in these rows.
Based on information from ECAR for the period November 2, 2021 through November 1, 2026.
Rental rules on the MLS today: 19 of 20 active listings disclose"Short Term Rental - Allowed". Always verify the association's current policy.
The neighborhood: A. W. Pledger's
Shores of Panama sits in or beside the A. W. Pledger's Census neighborhood - the area figures below describe that neighborhood, not this building alone.
Neighborhood Data
A. W. Pledger's at a Glance
1,602
Properties
94%
Second Homes / Seasonal
Source: LiveBy, via the U.S. Census Bureau American Community Survey 2023. Figures are area estimates for general market context.
Demographic information is provided for general informational purposes only and must not be used to make housing decisions on the basis of race, color, religion, sex, familial status, national origin, disability, or any other protected class. Dream Destin Realty supports the Fair Housing Act and equal-opportunity housing.
Reading this file
Where do these numbers come from?
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty and refreshed on a 30-day cycle. Based on information from ECAR for the period November 2, 2021 through November 1, 2026. Neighborhood figures are LiveBy area estimates built on the U.S. Census American Community Survey.
Why is there no list of individual sold units?
10 units closed at Shores of Panama in the trailing 12 months, from $285,000 to $655,000. MLS rules do not allow individual sold listings to be displayed publicly, so this page shows building-level statistics only - ask us for the unit-by-unitsold report and we'll walk you through it.
How are thin samples handled?
Any figure computed from fewer than three sales is withheld rather than published - a one-sale "median" is just that sale's price. Counts always show; prices earn their way onto the page.
Thinking about buying or selling at Shores of Panama?
We track this building's sales and fees every month, and keep its rental rules on file - get the full picture before you commit.
- MLS market data (ECAR) - updated November 1, 2026
- Neighborhood data (LiveBy / U.S. Census ACS) - updated November 1, 2026
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty.
Market statistics on this page are provided for informational purposes only. Information is deemed reliable but not guaranteed, and figures are not a guarantee of future market performance. These figures are not tax, legal, or investment advice; consult the appropriate licensed professional before making a financial decision. Data as of November 1, 2026.
Sources
- Florida Department of Revenue: statewide cadastral parcel layer (accessed August 23, 2026)
- Bay County BayView map service: coastal construction control line (accessed August 23, 2026)
- Florida Administrative Code rule 62B-26.024: Bay County coastal construction control line (accessed August 23, 2026)
- Bay County BayView map service: coastal high hazard area (accessed August 23, 2026)
- City of Panama City Beach: city limits and annexation records (accessed August 23, 2026)
- United States Census Bureau TIGERweb: incorporated place boundaries (accessed August 23, 2026)
- Bay County: short-term vacation rental ordinance 23-18 (accessed August 23, 2026)
- Florida Statutes section 718.112, 2026 compilation: structural integrity reserve study (accessed August 23, 2026)
- FEMA National Flood Hazard Layer: flood hazard zones (accessed August 23, 2026)