Panamá Pacífico Real Estate Market Report Q4 2026: Price per m² and Data Snapshot
This quarterly report covers Panamá Pacífico, the master-planned community on the former Howard Air Force Base. It summarises the asking prices of the 8 homes and condos we currently list there, with price per square metre, price bands and the technical facts buyers need. For current listings, see our Panamá Pacífico real estate page.
Panamá Pacífico at a glance: October 2026
Active listings analysed: 8
Asking price range: US$196,000 to US$800,000
Median asking price: US$384,000
Property mix: 5 houses/villas, 3 condos/apartments
Houses and villas: 5 listed, from US$375,000 (median US$495,000, top US$800,000)
Condos and apartments: 3 listed, from US$196,000 (median US$209,000, top US$235,000)
Bedroom mix (homes and condos): 1-bed × 1, 2-bed × 2, 3-bed × 4, 4-bed × 1
Sizes: median house size 210 m² of construction; median house lot 282 m²; median condo size 80 m²
Asking price per square metre
Houses and villas (built area): 5 listings with a stated size, median US$2,353/m², range US$2,206–2,837/m²
Condos and apartments (built area): 3 listings with a stated size, median US$2,612/m², range US$2,611–3,705/m²
Listings by price band
Under US$200,000: 1 listing
US$200,000–399,999: 4 listings
US$400,000–749,999: 2 listings
US$750,000–1.49 million: 1 listing
Technical snapshot: Panamá Pacífico
Location: west bank of the Panama Canal, on the former Howard Air Force Base.
Master plan: about 1,400 hectares, with more than 25 km of trails.
Drive times: about 15 to 20 minutes to downtown Panama City and 45 to 60 minutes to Tocumen International Airport.
Transport: Metro Line 3 is under construction.
Property types in this sample: family houses and duplexes plus 1- and 2-bedroom condos.
Entry point: condos from about US$196,000.
Buying costs and rules that apply
Currency: Panama uses the US dollar, so prices are quoted and paid in US$.
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 Panamá Pacífico 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 Panamá Pacífico listing
Browse current homes and condos on our Panamá Pacífico 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).
