February Events in Panama City and Panama City Beach: Fun for Everyone, 2025!

February is shaping up to be an exciting month in Panama City and Panama City Beach! From thrilling performances to festive celebrations, there's something for everyone to enjoy. Here are some of the top events happening in the area:

Cirque Italia Water at Frank Brown Park, February 7, 2025 - February 10, 2025

Get ready to be amazed by the death-defying acrobats and aerialists of Cirque Italia Water! This spectacular show will be performed at Frank Brown Park from February 7-10, 2025. Don't miss out on the thrilling stunts and mesmerizing visuals!

Panama City Beach Food Truck and Craft Beer Festival, February 8, 2025 - February 9, 2025

Foodies and beer enthusiasts, rejoice! The Panama City Beach Food Truck and Craft Beer Festival is coming to town on February 8-9, 2025. Savor delicious eats from local food trucks and sample craft beers from regional breweries.

Panama City Beach Mardi Gras and Music Festival, February 14-15, 2025

Combine the excitement of an authentic Mardi Gras celebration with the spectacular views of our emerald green water and sugar-white sand, and you're in for a real treat at the Panama City Beach Mardi Gras and Music Festival on February 14-15. In conjunction with the Krewe of Dominique Youx's great Mardi Gras at the Beach parade, the festival features entertainment for the whole family.

St. Andrews Mardi Gras, February 21-23, 2025

The St. Andrews Mardi Gras is returning to Panama City from February 21-23, 2025, with all the colorful floats, lively music, and festive fun you've come to expect from this beloved event. Don't miss out on the parades, parties, and merriment!

Cirque Under the Stars, February 20, 2025 - February 22, 2025

Experience the magic of Cirque Under the Stars from February 20-22, 2025. This enchanting show features death-defying acrobats, aerialists, and other talented performers.

Emerald Coast Boat and Lifestyle Show, February 28, 2025 - March 2, 2025

The Emerald Coast Boat and Lifestyle Show is docking at the Panama City Marina from February 28 to March 2, 2025. Explore the latest boats, marine gear, and lifestyle products. Whether you're a seasoned sailor or just a fan of the sea, this show is a must-visit!

Mark your calendars and get ready to experience the best of Panama City and Panama City Beach this February!

Exciting Developments Coming to Panama City Beach in 2025!

Panama City Beach is gearing up for an exciting year in 2025, with several new developments and attractions on the horizon. From thrilling entertainment options to beautiful park renovations, there’s something for everyone to look forward to in PCB.

Pirates Voyage Dinner & Show

Get ready for a swashbuckling adventure like no other! Dolly Parton’s Pirates Voyage Dinner & Show is set to open in Spring 2025, bringing a unique blend of entertainment and dining to Panama City Beach. The $60 million project will feature:

A 60,000 square-foot indoor theater complex

A 15-foot-deep lagoon with two full-sized pirate ships

Live performances with sword fights, diving, and acrobatics

Original music by Dolly Parton

A delicious four-course meal fit for a pirate king

TopGolf

Golf enthusiasts and entertainment seekers alike will love TopGolf, the high-tech driving range and entertainment venue coming to Panama City Beach in Summer 2025. TopGolf will feature:

A two-level driving range with climate-controlled hitting bays

A restaurant and bar serving up delicious food and drinks

Meeting spaces and event rooms for groups and parties

High-definition TVs and games for a fun and lively atmosphere

New Pavilion at Aaron Bessant Park

Aaron Bessant Park is getting a beautiful new pavilion in Spring 2025, complete with updated fencing and landscaping. The new pavilion will provide a stunning backdrop for events and activities in the park, and will feature:

4,800 square feet of event space

Updated restrooms and amenities

Beautiful landscaping and outdoor spaces

Tootsies

Located in the former Spinnaker Beach Club, Panama City Beach

Beachfront location with stunning views

Exciting events and parties, including live music and DJs

Fresh and vibrant addition to the Panama City Beach nightlife scene

McGuire’s Irish Pub

Get ready to experience a taste of Ireland in Panama City Beach! McGuire’s Irish Pub, a Pensacola institution since 1975, is opening a new location in PCB. This iconic pub is famous for its:

Delicious Irish fare, including corned beef and cabbage, shepherd’s pie, and Irish stew

Extensive selection of beers, whiskeys, and cocktails

Cozy, rustic atmosphere with dark wood accents and vintage decor

Live music and events, including traditional Irish music sessions

Gulf Coast Jam 2025

Country music fans won’t want to miss the Gulf Coast Jam 2025, returning to Frank Brown Park from May 29 to June 1, 2025. This year’s lineup features an incredible roster of talent, including:

Sam Hunt

Blake Shelton

Jordan Davis

Tyler Farr

Randy Houser

Lainey Wilson

Tyler Childers

Stay tuned for more updates on these exciting developments and attractions coming to Panama City Beach and surrounding areas in 2025!

Market Insights for Sellers: Navigating the Current Real Estate Landscape

As a seller in today’s real estate market, understanding the intricate relationships between key metrics is crucial for making informed decisions. In this analysis, we’ll delve into the current market conditions and provide valuable insights to help sellers navigate the landscape.

Low Inventory Levels: A Seller’s Advantage

The Months Supply of Inventory stands at 3.69 months, indicating a competitive market with limited options for potential buyers. This scarcity can work in favor of sellers, driving up demand and potentially leading to higher selling prices.

Shifting Market Dynamics: A Cautionary Note

The 12-Month Change in Months of Inventory has increased by 12.5%, suggesting a gradual shift towards a more balanced market. As inventory levels rise, the market may become less favorable for sellers, with increased competition and potentially lower prices.

Quick Selling Times: A Positive Sign

The Median Days Homes are On the Market is 57 days, indicating that properties are selling relatively quickly. This is a positive sign for sellers, reflecting strong demand in the market and a reduced risk of properties lingering for extended periods.

Effective Pricing: A Key to Success

The List to Sold Price Percentage of 96.1% suggests that homes are typically selling close to their list price. This is a positive indicator for sellers, demonstrating that effective pricing strategies are yielding strong results.

Benchmarking Success: Median Sold Price

The Median Sold Price of $312,500 provides a valuable benchmark for sellers to understand the average selling price in the market. This insight can help sellers price their own properties competitively, attracting potential buyers and achieving a successful sale.

Conclusion

The current real estate market presents a favorable environment for sellers, characterized by low inventory levels, quick selling times, and properties selling close to their asking prices. However, sellers must remain vigilant, as increasing inventory levels and shifting market dynamics may impact future market conditions. By staying informed and working with a knowledgeable real estate agent, sellers can navigate the market effectively and achieve the best possible outcome.

Read the Full Report here: 32404 Residential Market Trends – Realtors Property Resource

Listing agent and location for image above, Lolita Millyard, Century 21 Ryan Realty. Direct: (850) 640-8421
https://lolita.sites.c21.homes/listing/FL/Parker/522-Shade-Street-32404/200592012

Local Market Update for December 2024

U.S. Existing-Home Sales See Second Consecutive Month of Growth!

The latest numbers from the National Association of REALTORS® (NAR) reveal a 4.8% increase in existing-home sales, reaching an eight-month high of 4.15 million units. This marks a 6.1% year-over-year increase, the largest since June 2021.

Here's a breakdown of the local market:

Detached Single Family Closed Sales: -4.2% to 300
Townhouse/Condo Closed Sales: +11.8% to 104
Mobile/Manufactured Closed Sales: +14.8% to 31

Median sales prices saw mixed results:

Detached Single Family: -6.9% to $330,650
Townhouse/Condo: -7.2% to $369,500
Mobile/Manufactured: +5.7% to $166,000

Inventory remains a challenge, with a 2.9% decrease from the previous month and a 17.7% increase year-over-year. The current 3.8-month supply of homes for sale continues to drive up sales prices nationwide, with a median existing-home price of $406,100, up 4.7% from last year. Stay informed about the latest real estate trends and market updates!

Click Here for the Local Market Update Dec 2024, Bay County

Click Here for Monthly Indicators, Bay County

Maximize Your Home's Value with Local Expertise

To get the best price for your home, it's crucial to understand the unique dynamics of your local market. Our experienced real estate team can provide you with a personalized market analysis to determine your home's accurate value. Avoid the risks of underpricing or overpricing your property.