Home Sales Statistics: Panorama Village - Willis ISD

Being a former resident of lovely Panorama Village, I can attest to the peaceful atmosphere and neighborhood charm it offers residents. Panorama Village is unique in that it's an incorporated city, yet shares a zip code with Conroe and a school district with Willis. Not to mention, it has a beautiful golf course, country club, and one of the most eye-catching water towers around. This is where I raised my children, for the most part, and it's still one of my favorite neighborhoods in Montgomery county. As such, I like to keep tabs on values and statistics in this "little city all its own." If you live in Panorama, or are considering doing so, here's a quick look at home sales over the past few years. *

2005 was a busy year for home sales in Panorama. With 78 sales in the calendar year, prices ranged from $69,000 to $285,000, with the average price being $139,000. Average price per SF - $66.20

2006 saw fewer sales occur, with 55 homes sold. The sales prices ranged from $86,000 to $263,000 with an average sales price of $136,000. Average price per SF - $64.98

In 2007, there was a further decrease in sales volume with only 38 homes sold, a 30% decrease from 2006. The sales prices ranged from $95,000 to $245,000 with an average sales price of $152,000. Average price per SF - $69.03

In 2008 to date, there have been 10 closed sales. So far this year, the sales prices range from $70,000 to $190,000 with an average sales price of $127,000. Average price per SF - $60.62

With only one-third of the year gone by, and the peak summer marketing period on the horizon, I expect the average sales price and average sales price per SF for 2008 to even up with previous years when it's all said and done.

*note: the statistics provided do not include Parkside of Panorama or bank-owned sales