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.

Condo sales volume is 43% higher than last year’s 20-year record low. Average condo prices have dropped 3.7% 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.

Condominium Special Assessments

Special assessments are extra charges levied on property owners for unforeseen or non annual costs. In 2025, the frequency of these assessments has increased due to the implementation of the Structural Integrity Reserve Study (SIRS) and Milestone Inspections.  With a capable buyer's agent, special assessments shouldn't be a concern. Simply deduct the assessment from your offer price and negotiate for the seller to cover it at closing. Special assessments are actually one of the most straightforward methods for addressing:

• Inflation gaps in reserves
• The need to update elevator and fire system electronics well before their expected lifespan.
• Dramatic rise in insurance premiums (that are now going down again)
• New structural requirements mandated by law
• Milestone Inspection Report Deficiencies

They're an effective way to align regular association fees with the true cost of annual condo maintenance.