Momentum Housing Data · Home Values · Bay County

Preserve On The Bay Home Values: What Homes Actually Sell For

Preserve On The Bay (Panama City, FL): 7 recorded closings in the 12 months ending 2026-07-28, a 14-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.

In the current window, sellers accepted a median 92.0% of original asking; the median sale took 101 days (window ending 2026-07-28).

The 14-year recorded price history

Over the recorded series, Preserve On The Bay’s median sold price moved from $383,500 (2012) to $635,000 (12 months ending 2026-07-28) — +66% over that span, with every year’s figure from recorded closings, not a model.

The last decade in Preserve On The Bay, briefly

The recorded series starts in 2012 at $383,500. The 2020–22 run-up did what it did everywhere — Preserve On The Bay’s median moved +32% from 2019 to 2022. Against the 2024 peak of $845,000, the current median stands at -25%. Annual sales volume here has ranged from 1 to 14 closings a year (10-yr average 8.9). With roughly 8.9 closings a year, Preserve On The Bay’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

What actually trades here: 100% single-family residence in the current window.

The Preserve On The Bay housing stock, from the live feed

From the live MLS feed as of 2026-09-02: The homes listed or recently sold were built between 1997 and 2019 (median 2007); 4 of 5 listed or recently sold homes report an HOA, median $168/mo; 1 of 4 geocoded listed or recently sold homes sit inside a FEMA special flood hazard zone (A/V), which buyers’ lenders will price into insurance; median elevation 9 ft. See the current Preserve On The Bay listings →

At Preserve On The Bay’s $635,000 median and Bay County’s adopted 12.28 mills (FY2025-26), a home assessed at that price carries roughly $7,800 a year in property tax before exemptions, or about $7,310 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Bay County tax page.

Selling in Preserve On The Bay right now: what the record says

Momentum’s market-heat index for Preserve On The Bay reads 31/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

The table above is the closed-sale record to price a Preserve On The Bay home against; asking prices are an opening position, recorded closings are the value.

How Preserve On The Bay compares with its neighbors

Communities buyers shopping Preserve On The Bay are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

More Preserve On The Bay: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures