Boquete Real Estate Market Report Q4 2026: Price per m² and Data Snapshot
This quarterly report covers Boquete in the Chiriquí highlands. It summarises the asking prices of the 20 homes and condos we currently list in Boquete, with price per square metre, price bands and the technical facts buyers need. For current listings, see our Boquete real estate page.
Boquete at a glance: October 2026
Active listings analysed: 20
Asking price range: US$190,000 to US$1,576,379
Median asking price: US$355,250
Property mix: 14 houses/villas, 6 condos/apartments
Houses and villas: 14 listed, from US$229,000 (median US$455,000, top US$1,576,379)
Condos and apartments: 6 listed, from US$190,000 (median US$254,825, top US$359,000)
Bedroom mix (homes and condos): 1-bed × 1, 2-bed × 9, 3-bed × 10
Sizes: median house size 202 m² of construction; median house lot 1,742 m²; median condo size 98 m²
Asking price per square metre
Houses and villas (built area): 14 listings with a stated size, median US$2,331/m², range US$1,305–2,753/m²
Condos and apartments (built area): 6 listings with a stated size, median US$3,246/m², range US$1,900–3,700/m²
Listings by price band
Under US$200,000: 1 listing
US$200,000–399,999: 10 listings
US$400,000–749,999: 6 listings
US$750,000–1.49 million: 2 listings
US$1.5 million and over: 1 listing
Technical snapshot: Boquete
Location: Chiriquí highlands in western Panama, on the slopes of Volcán Barú.
Elevation: about 1,200 m, which gives a cooler, spring-like climate than the coast.
Nearest city and airport: David, about 35 to 45 minutes by road, with domestic flights to Panama City.
Entry points: condos from about US$190,000 and homes from about US$229,000.
Property types: gated-community homes, garden homes on larger lots and low-rise condos.
Most Boquete listings in this sample have 2 or 3 bedrooms.
Buying costs and rules that apply
Currency: Panama uses the US dollar, so prices are quoted and paid in US$.
Ownership: foreigners can own property outright with the same rights as Panamanians, in their own name or through a corporation or foundation.
Deposit: typically 10% of the price, held in trust or escrow when the Promise to Purchase Agreement is signed.
Buyer costs: buyers pay no commission to Panama Properties. Typical costs are attorney's fees of about 1% of the price, notary and registration fees of a few hundred dollars, and a small escrow fee if used.
Seller costs: sellers typically pay the transfer tax and capital gains tax.
Property tax (primary residence): first US$120,000 of cadastral value exempt, 0.5% from US$120,001 to US$700,000, 0.7% above that.
Property tax (rentals and second homes): first US$30,000 exempt, 0.6% to US$250,000, 0.8% to US$500,000, 1.0% above.
Finance: most foreign buyers pay cash by international wire, and mortgage options are available through our lending partners on approved credit (OAC).
Methodology
How to read these numbers: every figure here comes from the asking prices of properties currently listed with Panama Properties in Boquete as of October 2026. They are not completed sale prices, valuations or appraisals, and the samples are small, so a single listing can move a median. Price per m² for homes and condos is the asking price divided by the stated construction area; for land it is the asking price divided by the lot area. Listings without a stated size are counted in the price figures but left out of the per-m² figures. Use this report as a starting point, and ask us for comparables on any property you are considering.
See every Boquete listing
Browse current homes and condos on our Boquete real estate page. Prices and availability change often, and this report will be refreshed each quarter.
Ready to look at properties? Start the Buying Process and we will send you matching listings and comparables. You can also WhatsApp Ken Norton on +507 6169-2453 (English) or Evelyn Díaz on +507 6718-4140 (Español).
