Pedasí Real Estate Market Report Q4 2026: Price per m² and Data Snapshot

This is our quarterly market report for Pedasí, on the Azuero Peninsula. It summarises the asking prices of the 29 properties we currently have listed in and around Pedasí town, broken down by property type, price per square metre and price band, together with the practical facts buyers ask us about most. For the live listings, visit our Pedasí real estate page.

Pedasí at a glance: October 2026

• Active listings analysed: 29

• Asking price range: US$45,801 to US$3,900,000

• Median asking price: US$225,000

• Property mix: 17 houses/villas, 10 lots, 2 commercial/mixed-use

• Houses and villas: 17 listed, from US$48,000 (median US$245,000, top US$2,795,000)

• Lots: 10 listed, from US$45,801 (median US$102,000, top US$400,000)

• Bedroom mix (homes and condos): 1-bed × 3, 2-bed × 6, 3-bed × 6, 6-bed × 2

• Sizes: median house size 147 m² of construction; median house lot 1,128 m²; median lot size 1,688 m²

Asking price per square metre

• Houses and villas (built area): 17 listings with a stated size, median US$1,627/m², range US$1,021–3,014/m²

• Building lots (land area): 10 listings with a stated size, median US$52.2/m², range US$20.0–199.9/m²

• Commercial and mixed-use (built area): 2 listings with a stated size, median US$1,157/m², range US$994–1,320/m²

Listings by price band

• Under US$200,000: 13 listings

• US$200,000–399,999: 9 listings

• US$400,000–749,999: 4 listings

• US$750,000–1.49 million: 1 listing

• US$1.5 million and over: 2 listings

Technical snapshot: Pedasí

• Location: south-eastern tip of the Azuero Peninsula, Los Santos province, on Panama's Pacific coast.

• Population: about 3,000 permanent residents in Pedasí town and about 4,900 in the District of Pedasí (2023 census).

• Road access: about 4.5 to 5 hours' drive from Panama City.

• Air access: flights of about 45 minutes from Albrook Airport in Panama City; schedules change by season.

• Climate: part of the Arco Seco (dry arc), with a dry season from about December to April.

• Nearby areas: Los Destiladeros, Playa Venao and Pocrí.

• Connectivity: Más Móvil has invested the most in internet and mobile service locally.

• Entry point: listings currently start at about US$46,000 for land and US$48,000 for a home.

• Owner financing is available on selected Pedasí listings; ask us which ones.

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 Pedasí 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 Pedasí listing

Browse current homes, condos and land on our Pedasí 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).