Panama City Beach · Neighborhood Market Report
Bel Air Market Analytics
Every number a buyer, seller, or investor needs on one neighborhood: live inventory and closed-sale history - refreshed monthly from MLS data.
Inventory updated daily · Sale statistics updated November 5, 2026 · Next statistics update early December 2026
How Bel Air is trading
6 homes closed in Bel Air in the trailing 12 months at a median of $644,500, with a 93.2% median list-to-sale ratio. On the active side, 1 of 3 listings sits below original list price, and standing inventory works out to 6.0 months of supply at the current sales pace.
Treat any figure published for Bel Air as a blend. Surf Drive alone holds a one-story house built in 1950 at 8301 and four-story houses built in 2020 a few street numbers away, while most condominium units on the same plat carry building names such as Whispering Seas or Grande Surf Club in the legal record, so whether a condo sale lands in a Bel Air figure turns on how its listing was labeled. Hazard and jurisdiction shift underneath as well: the original plat runs from Zone VE to Zone X, both additions sit mostly in VE and AE, and some parcels test as city ground inside an otherwise county plat. A median here reports which mix happened to trade. Sort comparables by story count and build decade, then by flood zone and city or county status, and set aside any sale you cannot tie to a parcel number.
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 5, 2026 rather than by whole calendar months.
| Period | Value |
|---|---|
| 2024 | Sample too small |
| 2025 | $640K |
| 2026 YTD | $605K |
| Period | Value |
|---|---|
| 2024 | Sample too small |
| 2025 | $337 |
| 2026 YTD | $374 |
| Period | Value |
|---|---|
| Nov 24 | 2 |
| Dec 24 | 0 |
| Jan 25 | 0 |
| Feb 25 | 0 |
| Mar 25 | 0 |
| Apr 25 | 0 |
| May 25 | 0 |
| Jun 25 | 0 |
| Jul 25 | 0 |
| Aug 25 | 0 |
| Sep 25 | 1 |
| Oct 25 | 0 |
| Nov 25 | 2 |
| Dec 25 | 0 |
| Jan 26 | 0 |
| Feb 26 | 1 |
| Mar 26 | 0 |
| Apr 26 | 1 |
| May 26 | 0 |
| Jun 26 | 0 |
| Jul 26 | 0 |
| Aug 26 | 1 |
| Sep 26 | 0 |
| Oct 26 | 1 |
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 6, 2021 through November 5, 2026.
From the active file
3 homes are on the market in Bel Air today:
$1,525,000
8515 Surf Drive Unit 3
Panama City Beach, FL 32408
$1,450,000
8312 Surf Drive
Panama City Beach, FL 32408
$2,825,000
8205 Surf Drive
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) | $644,500 |
|---|---|
| Middle-half range (25th-75th pct, 8 sales / 24 mo) | $547,500 - $856,250 |
| Median price, 2025 to 2026 | -5.5% ($640,000 to $604,500) |
| Average sale price (12 mo) | $1,044,833 |
| Sales volume, trailing 12 months | $6,269,000 |
| Sale price range, trailing 12 months | $425,000 - $2,595,000 |
| Bedrooms | Active | Sold (12 mo) | Median Sale Price |
|---|---|---|---|
| 2 BR | 0 | 1 | Sample too small |
| 3 BR | 0 | 2 | Sample too small |
| 4 BR | 1 | 2 | Sample too small |
| 5 BR | 1 | 0 | Sample too small |
| 6 BR | 1 | 0 | Sample too small |
| 7 BR | 0 | 1 | Sample too small |
Based on information from ECAR for the period November 6, 2021 through November 5, 2026.
Reading this file
Where do these numbers come from?
Sale and inventory statistics are computed from ECAR MLS data by Dream Destin Realty and were last refreshed on November 5, 2026. Based on information from ECAR for the period November 6, 2021 through November 5, 2026.
Why is there no list of individual sold homes?
6 homes closed in Bel Air in the trailing 12 months, from $425,000 to $2,595,000. MLS rules do not allow individual sold listings to be displayed publicly, so this page shows area-level statistics only - ask us for the street-by-street sold review 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 in Bel Air?
We track this neighborhood's sales, inventory, and rules every month - get the full picture before you commit.
- MLS market data (ECAR) - updated November 4, 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 5, 2026.
Sources
- Bay County subdivision map, Bel Air plats (accessed October 17, 2026)
- Bay County parcel roll, parcels around the Bel Air plats (accessed October 17, 2026)
- Florida Department of Revenue statewide cadastral, parcels around the Bel Air plats (accessed October 17, 2026)
- Bay County BayView municipal-boundary polygons (accessed October 17, 2026)
- FEMA National Flood Hazard Layer, panel and zones at the Bel Air plats (accessed October 17, 2026)
- Bay County flood-zone layer, Bel Air plats (accessed October 17, 2026)