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Foreclosure Homes in Panacea, FL

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Panacea, FL Foreclosures

How much do homes sell for in Panacea, FL?
The average home price is currently $331,522.
In Panacea, FL, how many homes are available?
There are currently 151 active home listings available in Panacea.
What’s the average rental cost in Panacea, FL?
The average rental price in Panacea is $1,267.
What is the most expensive home in Panacea?
The most expensive home sold in Panacea had a price of $3,779,218.
What is currently the cheapest priced home in Panacea, FL?
The cheapest home for sale in Panacea is priced at $10,393.

Living in Panacea, FL

Panacea, FL, offers a charming and tranquil coastal lifestyle with easy access to outdoor activities and a welcoming small-town community. Residents can enjoy local amenities and exceptional recreational options, making it an attractive place for families and retirees. Its picturesque surroundings and friendly atmosphere contribute to its appeal as a desirable location for real estate investment.

Current Market Conditions in Panacea, FL

The real estate market in Panacea has shown steady growth due to its appealing coastal location and relatively affordable property prices compared to nearby areas. The demand for vacation homes and rental properties continues to rise, attracting both investors and second-home buyers looking for a peaceful retreat.

As the region remains less commercialized than more populous areas, it offers an opportunity for substantial return on investment for future developments and renovations. Properties in the area are engaging interest from diverse demographics, ensuring a competitive market while preserving the charm of this idyllic community.

Home Value Estimator For Panacea, FL

There are currently 1,222 real estate properties in Panacea, FL, with a median automated valuation model (AVM) price of $261,176.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Panacea, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Panacea, FL, is $331,522.00, with the most expensive house in Panacea, FL, topping out at $3,779,218.00 and the cheapest home in Panacea, FL, clocking in at $10,393.00. In other words, there’s something for every potential homebuyer or savvy investor in Panacea, FL!

Rent Prices In Panacea, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Panacea, FL, is on a rollercoaster ride. The average rent price in Panacea, FL, is $1,267.00. Indeed, when looking to rent in Panacea, FL, you can expect to pay as little as $700.00 or as much as $2,680.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Panacea, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Panacea, FL Foreclosures


Market Trend for Panacea, FL

Total Listings Available: 151

Market Values:

Home Prices from $10,393 to $3,779,218

Average Sales Price: $331,522

Rental Values:

Rental from $700 to $2,680

Average Rent Value: $1,267 / month

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