Panorama Hills Real Estate Market Summary – November 2024

Market Trends

• Total Residential Sales: 20 transactions (29% decrease Y/Y).

• New Listings: 33 new listings (14% increase Y/Y).

• Inventory Levels: 73 active listings (61% increase Y/Y).

• Months of Supply: 3.65 months, indicating a shift towards a balanced market.

• Price Trends by Property Type:

  • Detached Homes: $764,300 (4.1% Y/Y increase).

  • Semi-Detached Homes: $556,000 (6.2% Y/Y increase).

  • Row Homes (Townhouses): $412,800 (4.0% Y/Y increase).

  • Apartments (Condos): $315,200 (2.5% Y/Y increase).

  • Total Residential Benchmark Price: $550,500 (13.8% Y/Y increase).

Market Insights

• Sales declined, possibly due to seasonal effects and affordability constraints.

• Inventory levels increased significantly, leading to less competition among buyers.

• Prices continued rising, especially for detached and semi-detached homes.

Schools & Education in Panorama Hills

Panorama Hills is a family-oriented neighborhood with access to highly-rated schools.

Public Schools

1. Panorama Hills School (K-4)

   • Strong academic programs with a focus on early childhood education.

2. Captain Nichola Goddard School (5-9)

   • Advanced academic curriculum and leadership development programs.

3. John G. Diefenbaker High School (10-12)

   • Offers International Baccalaureate (IB) and Advanced Placement (AP) programs.

Catholic & Private Schools

• St. Jerome School (K-6, Catholic) – Emphasis on faith-based learning and strong academics.

• Notre Dame High School (10-12, Catholic) – Offers AP programs and career-focused courses.

Shopping Centers & Community Amenities

Panorama Hills offers convenient access to major shopping centers and a variety of amenities:

1. Country Hills Town Centre

   • Grocery stores, restaurants, banking, and essential services.

2. Evanston Towne Centre

   • Boutiques, cafes, and specialty retail stores.

3. Vivo for Healthier Generations

   • A community recreation center with fitness facilities, swimming pools, and child programs.

4. Panorama Hills Community Centre

   • Features parks, pathways, and community-organized events.

The Panorama Hills real estate market in November 2024 saw rising inventory and slower sales, shifting towards balanced conditions. Detached and semi-detached homes continue to experience strong price growth, while townhouses and apartments remain affordable alternatives. The community’s excellent schools and access to shopping centers make it a top choice for families.