Panorama City
Welcome to Panorama City, where vibrancy and convenience converge in the heart of the San Fernando Valley! This vibrant and growing neighborhood offers a diversity of options in the real estate market. From cozy homes to modern condos, Panorama City has something for every type of buyer.
Explore the convenience of being close to major highways, making it easy to access the entire city. Panorama City offers a balanced mix of urban amenities and a close-knit community atmosphere. With parks, schools, and essential services nearby, this neighborhood is ideal for settling down and creating roots.
Discover local life through community events, ethnic restaurants and local shops. Entertainment opportunities and nearby attractions make every day an exciting adventure.
If you are looking for a property in an up-and-coming neighborhood, Panorama City is the perfect choice. Let us help you find the ideal property that fits your needs and aspirations. Welcome to Panorama City, where home and opportunity await you!
33 mins
34.7
$68,577
$661,424
- Altitude: 254 m / 833 feet
- Population: 68,076
- Zip Codes: 91402
- Points of interest: Panorama Mall, Ritchie Valens Recreation Center, Hansen Dam Recreation Area
According to data collected by California Regional MLS between May 2023 and June 2023, the Panorama City real estate market has seen notable growth in the number of properties for sale, increasing by 2.2%. During this period, it was noted that in June 2023, the average listing price of properties was $800,000 and the average time properties remained on the market was 18 days.
Variations in real estate prices were also evident between May and June 2023: 1-bedroom property values increased by 1.5%, 2-bedroom property prices decreased by 3.7%, 3-bedroom properties rose by 2.3%, 4-bedroom property prices decreased by 4.1%, and 5-bedroom property values increased by 3.8%.
The market for houses for sale in Panorama City also presented interesting changes: the supply of 1-bedroom houses decreased by 18.5%, the number of 2-bedroom houses decreased by 8.9%, 3-bedroom houses became 6.7% more available, the supply of 4-bedroom houses increased by 2.4%, and the number of 5-bedroom houses increased by 10.1%. As of June 2023, of all properties sold in Panorama City, over 30 sold above the asking price, over 24 sold below, and over 5 sold at the asking asking price.
In addition to statistics, Panorama City offers a unique environment where you will find your ideal home and enjoy an enriching life. Imagine living in a neighborhood full of cultural options, access to parks, and a tight-knit community. The diversity and vitality of Panorama City make every day a new opportunity to live fully. Discover the magic of Panorama City, where you will find more than a house, you will find your place!
