The Panama market on ClubProperty counts 20 active sale listings in August 2026. Average and median asking prices are closely aligned around $2.18M, indicating an even price distribution. Others make up the bulk of supply, while the median penthouse asks roughly 3.4x the median apartment.
Executive Summary
- 20 active sale listings.
- Median asking price $2.18M.
- Average asking price per m²: $5,061.
- A quarter of all listings ask $995K or less — the practical entry point.
- The median listing has been on the market for 330 days.
Market Snapshot
| Metric | August 2026 |
|---|---|
| Active sale listings | 20 |
| Median asking price | $2,178,500 |
| Average asking price | $2,470,462 |
| Asking price per m² | $5,061 |
| Median living area | 700 m² |
| Median days listed | 330 |
First report for this market — month-over-month and year-over-year comparisons begin with the next edition.
Price Distribution
| Band | Asking range | Listings |
|---|---|---|
| Entry (bottom 25%) | up to $995K | 5 |
| Core market (25–75%) | $995K – $3.5M | 10 |
| Premium (top 25%) | $3.5M and above | 5 |
The most liquid half of the market runs from $995K to $3.5M. Above $3.5M, buyers enter a thinner premium tier where properties typically take longer to move and negotiating dynamics differ.
Segment Breakdown
| Segment | Listings | Share | Median asking | $/m² |
|---|---|---|---|---|
| Other | 8 | 40% | $3.05M | $9,028 |
| House | 8 | 40% | $1.4M | $2,896 |
| Apartment | 3 | 15% | $948K | $3,980 |
| Penthouse | 1 | 5% | $3.2M | — |
By Bedroom Count
| Bedrooms | Listings | Median asking |
|---|---|---|
| 2 bedrooms | 3 | $850K |
| 3 bedrooms | 4 | $814K |
| 4 bedrooms | 3 | $3.2M |
| 5 bedrooms | 2 | $3.5M |
| 7 bedrooms | 3 | $1.39M |
| 8 bedrooms | 1 | $4.2M |
| 9 bedrooms | 1 | $2.6M |
| 10 bedrooms | 1 | $3.75M |
| 11 bedrooms | 1 | $2.6M |
Market Speed
The median active listing has been on the market for 330 days. 0% of current inventory was listed within the last 30 days, while 95% has been listed for more than 90 days — a large share of long-standing inventory, which often signals sellers holding out on price.
Based on time listed on ClubProperty; properties may have been marketed elsewhere before.
Top of the Market
| Listing | Asking price |
|---|---|
| Hotel for Sale in Bocas del Toro, Bocas del Toro Province, P | $8,500,000 |
| House for Sale in Buenaventura, Provincia de Colón, Panama U | $5,495,000 |
| Hotel for Sale in Panama City, Panama, Panamá Province USD 4 | $4,200,000 |
| Hotel for Sale in Bocas del Toro, Bocas del Toro Province, P | $3,750,000 |
| Hotel for Sale in Los Naranjos, Chiriquí Province, Panama US | $3,500,000 |
Inventory Character
Sellers and agents have tagged current inventory as: 11 luxury, 9 business opportunity, 8 investment project, 1 new development — out of 20 listings in total.
In the News
- Coco del Mar, Panamá, Panama City Apartment for Sale – Realtor.com (Realtor.com, 13 Jun)
- Is Panama the New Costa Rica? A 2026 Expat & Real Estate Investor Comparison – The Tico Times (The Tico Times, 12 Aug)
- 5 Reasons to Consider Panama for Overseas Property Investment – Money Talks News (Money Talks News, 2 Jun)
Headlines via Google News; content belongs to the linked publishers.
Across the Market
Outlook
Rather than a single prediction, three scenarios for the coming months:
- Base case: asking prices hold near current levels ($2.18M median) with steady supply.
- Upside: improving financing conditions or renewed international demand absorb inventory and firm up pricing, particularly in the dominant segment.
- Downside: a faster build-up of listings without matching demand would pressure sellers toward price reductions, starting with long-listed inventory.
What This Means for You
Sellers: a large share of inventory has been listed for months — pricing realistically against the medians above is what separates listings that move from listings that sit.
Buyers: the core market runs $995K–$3.5M; long-listed properties in the premium tier are where negotiating room is most likely.
Investors: rental comparables are limited here — underwrite conservatively and verify achievable rents locally.
Methodology: all figures are computed from active listings on ClubProperty at publication and reflect asking prices, not completed transactions. Marketplace composition can shift between reports. “Days listed” measures time on this marketplace. Yields are indicative and gross. Nothing here is financial advice.
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