Why Live in Panorama
True to its name, Panorama is a neighborhood packed with nearly panoramic views of the San Jacinto and Little San Bernardino Mountains. It’s a constant backdrop to an area otherwise known for having bigger homes than some other parts of Cathedral City. Panorama also offers a central neighborhood park, is close to a selection of stores and restaurants, and is not far from Interstate 10. It’s a place where people put down roots. “There are a lot of generational families that have been there for a long time,” says Michael Valerio, an area Realtor with HomeSmart, who has over 20 years of industry experience. The houses around this neighborhood have a bit of age — most were built in the 1980s and 1990s. However, many properties have been well-maintained and updated. Mediterranean and Spanish Colonial are the dominant styles. The average square footage in Panorama is almost 1,900, but there are lots of options over 2,000 square feet. Homes sell for between $400,000 and $800,000, and the median list price of about $600,000 is more than the median across Cathedral City. “The prices stay pretty solid there,” Valerio says. “It’s a very desirable area to live in, for that reason.” The Palm
Home Trends in Panorama, CA
On average, homes in Panorama, Cathedral City sell after 42 days on the market compared to the national average of 70 days. The median sale price for homes in Panorama, Cathedral City over the last 12 months is $455,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$455,000
Median Single Family Sale Price
$455,000
Median Townhouse Sale Price
$306,500
Median 2 Bedroom Sale Price
$318,000
Median 1 Bedroom Sale Price
$890,000
Average Price Per Sq Ft
$412
Number of Homes for Sale
12
Last 12 months Home Sales
254
Median List Price
$455,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%