Calgary Panorama Hills Real Estate Market Summary – January 2025

Market Trends by Property Type

1. Detached Homes

   • Benchmark Price: $751,100 (+1% year-over-year)

   • Sales: 8 (-11% Y/Y)

   • Inventory: 11 (-31% Y/Y)

   • Months of Supply: 2.36

2. Semi-Detached Homes

   • Benchmark Price: $544,600 (+3% Y/Y)

   • Sales: 1 (-67% Y/Y)

   • Inventory: 2 (-50% Y/Y)

   • Months of Supply: 1.00

3. Row Homes

   • Benchmark Price: $404,200 (+1% Y/Y)

   • Sales: 3 (-50% Y/Y)

   • Inventory: 5 (+67% Y/Y)

   • Months of Supply: 2.67

4. Apartments

   • Benchmark Price: $308,600 (+8% Y/Y)

   • Sales: 11 (+38% Y/Y)

   • Inventory: 20 (+300% Y/Y)

   • Months of Supply: 2.04

5. Overall Market Performance

   • Total Residential Benchmark Price: $535,600 (-4.3% Y/Y)

   • Sales: 23 (-12% Y/Y)

   • New Listings: 38 (+36% Y/Y)

   • Inventory: 47 (+194% Y/Y)

   • Months of Supply: 2.04

Schools and Amenities in Panorama Hills

Panorama Hills is well-known for its family-friendly atmosphere, featuring several schools, including:

• Elementary & Middle Schools: Panorama Hills School, Captain Nichola Goddard School

• High Schools: John G. Diefenbaker High School (nearby)

Residents enjoy easy access to parks, pathways, and community facilities like the Panorama Hills Community Centre.

Shopping and Features

• Shopping Centers: Residents benefit from multiple shopping destinations, including Country Hills Town Centre and Creekside Shopping Centre, providing access to grocery stores, restaurants, and retail outlets.

• Recreation: The area features extensive green spaces, playgrounds, and the Vivo for Healthier Generations recreation center.

2025 Real Estate Outlook for Panorama Hills

• Supply and Demand: While prices in most property segments have remained stable or increased, the rise in new listings and inventory could indicate a trend toward a more balanced market.

• Affordability Concerns: The decline in the total residential benchmark price (-4.3%) suggests potential price corrections in 2025, benefiting buyers looking for opportunities.

• Detached Homes and Townhouses: Still experiencing demand but with increasing supply, price growth may slow down.

• Apartment Market: Inventory growth (+300%) could result in softer price appreciation and longer selling times.

Overall, Panorama Hills remains a desirable community with steady real estate activity. However, rising inventory and moderating prices suggest a shifting market where buyers may find better opportunities in 2025.