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Foreclosure Homes in Panacea, FL 32346

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Panacea, FL Foreclosures

How much do homes sell for in Panacea, FL?
The average home price is currently $322,829.
In Panacea, FL, how many homes are available?
There are currently 156 active home listings available in Panacea.
What’s the average rental cost in Panacea, FL?
The average rental price in Panacea is $1,261.
What is the most expensive home in Panacea?
The most expensive home sold in Panacea had a price of $3,664,055.
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

Nestled along the Gulf Coast, Panacea, Florida is a small yet charming community known for its picturesque scenery and serene atmosphere. Residents enjoy a laid-back lifestyle surrounded by beautiful natural landscapes, making it a perfect getaway for those seeking relaxation. The area is rich in outdoor activities, from fishing and boating to exploring nearby parks and wildlife refuges.

Current Market Conditions in Panacea, FL

The real estate market in Panacea is experiencing steady growth, driven by the increasing demand for vacation homes and investment properties. Buyers are drawn to the area's natural beauty, affordability compared to nearby coastal towns, and its promise for a relaxed lifestyle.

As of 2023, inventory levels remain low, which has put upward pressure on home prices. Many homes in the area are selling quickly, often above listing price due to competitive bidding, particularly for waterfront properties.

Home Value Estimator For Panacea, FL

There are currently 1,249 real estate properties in Panacea, FL, with a median automated valuation model (AVM) price of $253,979.00. 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 $322,829.00, with the most expensive house in Panacea, FL, topping out at $3,664,055.00 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 $1,261.00. 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 32346 Foreclosures


Market Trend for Panacea, FL

Total Listings Available: 156

Market Values:

Home Prices from $10,393 to $3,664,055

Average Sales Price: $322,829

Rental Values:

Rental from $700 to $2,680

Average Rent Value: $1,261 / month

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