House Flipping Report
Neighborhood Data
Panama City Beach, FL 32407
Print
Successfully flipping a house depends on a number of different factors including population growth, increasing housing prices and cheap houses for sale. We are analyzing thousands of data points for Panama City Beach, FL . If these factors exist, there is a good chance that a successful flip is possible.
By looking at recent sales data in Bay County , we've been able to rank it against its peer counties within Florida. To provide an even fuller picture, we also ranked Florida against all other US states.
Region
Rank in # of Flips
Rank in Flip Profit
Florida
#1st in US
#27th in US
Bay County
#27th in FL
#8th in FL
Number of Flips: We identify house flips as houses that are bought and sold within 12 months excluding forclosures, REOs and multi-parcel sales.
Flip Profit: The profit is the gross margin calculated by subtracting the original purchase price from the new resale price.
Latest Median Sale Price
$ 295,000
0.05% YoY Change
List Price /sqft
$203
-0.05% from last quarter
Reduced Listings /Month
56
even from last quarter
Average Home Sqft
$1,449
-0.06% from last year
In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Bay County . This is a good sign that flipping a house here will be successful.
Region
Population
Change YoY
Rank
Florida
21,299,325
1.54%
#3rd in US
Bay County
185,287
0.67%
#28th in FL
32407
9,347
#88th in FL
FlipMarket is the industry standard for providing you the exact data needed to see if flipping a house will be successful. To find properties for sale that may fit your budget and be house flipping candidates, check this list of popular searches.
Array
(
[zip_id] => 6814
[country] => USA
[zip] => 32407
[city] => Panama City Beach
[state] => Florida
[state_abbr] => FL
[county] => Bay
[dma] => 656
[latitude] => 30.2127
[longitude] => -85.7953
[timezone] => -6
[timezone_dst] => 1
[dttm] => 2019-09-30
[postal_code] => 32407
[zip_name] => panama city beach, fl
[flag] => *
[median_listing_price] => 319550
[median_listing_price_mm] => -0.0575
[median_listing_price_yy] =>
[active_listing_count] => 301
[active_listing_count_mm] => 0.1148
[active_listing_count_yy] =>
[median_days_on_market] => 75.5
[median_days_on_market_mm] => 0.1797
[median_days_on_market_yy] =>
[new_listing_count] => 60
[new_listing_count_mm] => -0.1176
[new_listing_count_yy] => 0.1538
[price_increased_count] => 0
[price_increased_count_mm] =>
[price_increased_count_yy] => -1
[price_reduced_count] => 56
[price_reduced_count_mm] => 0
[price_reduced_count_yy] => 0.75
[pending_listing_count] => 0
[pending_listing_count_mm] =>
[pending_listing_count_yy] =>
[median_listing_price_per_square_feet] => 203
[median_listing_price_per_square_feet_mm] => -0.0521
[median_listing_price_per_square_feet_yy] => 0.1402
[median_square_feet] => 1449
[median_square_feet_mm] => -0.0288
[median_square_feet_yy] => -0.0603
[average_listing_price] => 344858
[average_listing_price_mm] => -0.0099
[average_listing_price_yy] => -0.0325
[total_listing_count] => 301
[total_listing_count_mm] => 0.1148
[total_listing_count_yy] => 0
[pending_ratio_mm] => 0
[pending_ratio_yy] => 0
[RegionID] => 71975
[RegionName] => 32407
[State] => FL
[Metro] => Panama City
[County] => Bay County
[City] => Panama City Beach
[SizeRank] => 549
[Zhvi] => 247100
[MoM] => -0.000808734
[QoQ] => 0.00324807
[YoY] => 0.0457046
[5Year] => 0.0737796
[10Year] => 0.0285909
[PeakMonth] => 2005-09
[PeakQuarter] => 2005-Q3
[PeakZHVI] => 350500
[PctFallFromPeak] => -0.295007
[LastTimeAtCurrZHVI] => 2004-08
[flips] => 31570
[purchase_price] => 148147
[resale_price] => 213488
[gross_margin] => 65341
[flipcount_rank] => 1
[flipmargin_rank] => 27
[counties] => 67
[zip_population] => 9347
[zip_rank] => 688
[state_population] => 21299325
[state_rank] => 3
[state_difference] => 1.537473
[list_prices] => "245000,238500,235750,225450,233941,229900,232450,229900,224900,225000,227000,227000,224900,199000,219900,219000,224900,219900,209900,199500,202450,199950,199900,199900,199000,194900,195950,189900,189000,187350,179900,174900,184305,180000,179000,179000,175000,184305,194900,194900,199900,220000,204750,209950,224900,229000,239900,234000,232900,244900,235500,241400,246900,237700,245950,249000,246900,243700,249000,245000,262700,249000,248900,259900,257990,263755,259000,259000,268000,256950,273900,259000,262000,252000,259000,255500,255000,255000,245000,254950,259000,254900,251500,248450,239850,237075,249000,249000,244500,240037.5,249900,249000,274000,269450,259000,259000,249900,268500,275000,279500,279500,290000,292798,279000,289900,278750,274500,298500,285000,299000,289250,294500,297500,315000,304989.5,298750,298750,299900,298250,295000"
[list_prices_exploded] => Array
(
[0] => 245000
[1] => 238500
[2] => 235750
[3] => 225450
[4] => 233941
[5] => 229900
[6] => 232450
[7] => 229900
[8] => 224900
[9] => 225000
[10] => 227000
[11] => 227000
[12] => 224900
[13] => 199000
[14] => 219900
[15] => 219000
[16] => 224900
[17] => 219900
[18] => 209900
[19] => 199500
[20] => 202450
[21] => 199950
[22] => 199900
[23] => 199900
[24] => 199000
[25] => 194900
[26] => 195950
[27] => 189900
[28] => 189000
[29] => 187350
[30] => 179900
[31] => 174900
[32] => 184305
[33] => 180000
[34] => 179000
[35] => 179000
[36] => 175000
[37] => 184305
[38] => 194900
[39] => 194900
[40] => 199900
[41] => 220000
[42] => 204750
[43] => 209950
[44] => 224900
[45] => 229000
[46] => 239900
[47] => 234000
[48] => 232900
[49] => 244900
[50] => 235500
[51] => 241400
[52] => 246900
[53] => 237700
[54] => 245950
[55] => 249000
[56] => 246900
[57] => 243700
[58] => 249000
[59] => 245000
[60] => 262700
[61] => 249000
[62] => 248900
[63] => 259900
[64] => 257990
[65] => 263755
[66] => 259000
[67] => 259000
[68] => 268000
[69] => 256950
[70] => 273900
[71] => 259000
[72] => 262000
[73] => 252000
[74] => 259000
[75] => 255500
[76] => 255000
[77] => 255000
[78] => 245000
[79] => 254950
[80] => 259000
[81] => 254900
[82] => 251500
[83] => 248450
[84] => 239850
[85] => 237075
[86] => 249000
[87] => 249000
[88] => 244500
[89] => 240037.5
[90] => 249900
[91] => 249000
[92] => 274000
[93] => 269450
[94] => 259000
[95] => 259000
[96] => 249900
[97] => 268500
[98] => 275000
[99] => 279500
[100] => 279500
[101] => 290000
[102] => 292798
[103] => 279000
[104] => 289900
[105] => 278750
[106] => 274500
[107] => 298500
[108] => 285000
[109] => 299000
[110] => 289250
[111] => 294500
[112] => 297500
[113] => 315000
[114] => 304989.5
[115] => 298750
[116] => 298750
[117] => 299900
[118] => 298250
[119] => 295000
)
)
Array
(
[county_name] => Bay
[state] => Florida
[state_fips] => 12
[county_fips] => 12005
[dma] => 656
[metro_name] => Panama City, FL
[cbsa_name] => Panama City, FL
[county_region_id_zillow] => 67
[metro_region_id_zillow] => 394960
[fips] => 12005
[cbsa_code] => 37460
[population_prior] => 184046
[population] => 185287
[rank] => 28
[difference] => 0.67428795
[region_id] =>
[sale_counts] =>
[county] => Bay
[flips] => 229
[purchase_price] => 95349
[resale_price] => 184764
[gross_margin] => 89415
[flipcount_rank] => 27
[flipmargin_rank] => 8
[sale_counts_exploded] => Array
(
[0] =>
)
)