Short answer: Panorama's median sale price fell about 14% to $337,500 over the past twelve months — but that drop is mostly a change in what sold, not a fall in value. Condo prices were nearly flat, and the share of sales under $400,000 jumped from 52% to 67%.
RT (Robert-Tye) RiceSales RepresentativeCell 250-270-5935 · rt@rockieswest.com
Royal LePage Rockies West Realty · Invermere, BC
Statistics compiled from MLS® sold records for Panorama between July 2024 and July 2026 — 86 whole-ownership transactions, with 16 fractional and quarter-share interval sales excluded. Figures are based on final list prices rather than original list prices. Detached sample sizes are very small and identified as such above. Data is believed reliable but is not guaranteed and is subject to revision as late-reported sales are recorded.*
*This information is provided for general market context only. It is not an appraisal, a valuation, or advice regarding any specific property, and should not be relied upon as such. MLS® and REALTOR® are trademarks owned or controlled by The Canadian Real Estate Association.
The year in numbers
Volume was essentially flat — 44 sales to 42, the steadiest of any area in the valley. The median fell 14%.
That 14% needs unpacking, because the underlying property prices didn't fall anywhere near that much.
Why the median is misleading here
Look at the individual categories: condos down 2.5%, townhouses up 2%, detached up. Not one of them fell 14%.
What changed was the mix. Detached homes — the expensive end — dropped from 8 sales to 4. With half as many high-priced properties in the pool, the median fell even though the properties themselves held their value.
This is the clearest example in the valley of why a headline median can mislead. Panorama's condo and townhouse market, which is 80% of its sales, was stable.
(The detached figures are based on 8 sales, then 4.) That is too thin to draw conclusions from, and we're reporting it only to explain the mix effect.)
What's unique about Panorama
It's an attached-housing market attached to a ski hill. 45 condo sales and 24 townhouse sales over two years, against 12 detached. Only Radium is similarly weighted toward attached product.
Volume was the steadiest in the valley. While Radium fell 38% and Invermere 30%, Panorama moved from 44 sales to 42. Whatever pulled buyers out of other markets didn't affect Panorama much.
It has a distinct seasonal rhythm — and it isn't summer. Panorama's busiest month is August, but its activity is spread far more evenly across the year than any other area, with real transaction volume in January, February and March. It's the only market in the valley where winter months are genuinely active, which makes sense for a ski-resort community.
Negotiating room is wider than most of the valley. At 95.3% of asking overall, Panorama sits below Invermere (97.2%) and Windermere (97.1%). Buyers here have more room than in the year-round markets.
Watch for fractional ownership. One Panorama complex trades in quarter-share intervals between $65,000 and $134,500. Those are excluded from every figure above, but they appear in raw MLS® data and will distort any Panorama statistic that doesn't
Timing
August is the peak (12 sales over two years), but the distribution is unusually flat. February and March see nine sales each — figures that would be unheard of in Windermere or Fairmont, where winter is dead.
For sellers, this means the listing calendar is more forgiving here than anywhere else in the valley.
What this means
If you're selling a condo or townhouse: your market was stable. Condos eased 2.5%, and townhouses rose 2%. If you've seen the 14% valley figure for Panorama and drawn conclusions from it, that number doesn't describe your property.If you're buying: at 95.3% of asking, there's more negotiating room here than in Invermere or Windermere. Two-thirds of Panorama sales are now under $400,000, so it's become a more accessible market this year, not a weaker one.If you're an investor: be careful comparing listings. Fractional intervals and whole units sit side by side in the same buildings at wildly different prices, and confusing the two is easy to do from a listing feed alone.Frequently Asked Questions
How much are Panorama condos for sale?
Panorama condos had a median price of $287,500 over the 12 months to July 2026, down about 2.5%. Townhomes ran $452,500, up about 2%. Most Panorama BC real estate is attached housing — condos and townhomes make up roughly 80% of sales.Did Panorama property values drop 14% in 2026?
No. The area median fell 14%, but that reflects fewer expensive detached homes selling — not a fall in value. No individual property category fell more than 2.5%.Is Panorama a good place to buy a ski property?
Panorama had the steadiest sales volume in the Columbia Valley and the widest negotiating room among resort areas, at 95.3% of asking price. Roughly 80% of sales are condos and townhomes.What is fractional ownership at Panorama?
One Panorama complex trades in quarter-share intervals between $65,000 and $134,500. These are shared-use intervals, not whole units, and appear alongside whole ownership in listing data.Talk to Team Rice
Thinking about buying or selling in Panorama?DK (Deborah-Kim) Rice Personal Real Estate CorporationCell 250-342-5935 (call or text) · dk@rockieswest.comRT (Robert-Tye) RiceSales RepresentativeCell 250-270-5935 · rt@rockieswest.com
Royal LePage Rockies West Realty · Invermere, BC
Statistics compiled from MLS® sold records for Panorama between July 2024 and July 2026 — 86 whole-ownership transactions, with 16 fractional and quarter-share interval sales excluded. Figures are based on final list prices rather than original list prices. Detached sample sizes are very small and identified as such above. Data is believed reliable but is not guaranteed and is subject to revision as late-reported sales are recorded.*
*This information is provided for general market context only. It is not an appraisal, a valuation, or advice regarding any specific property, and should not be relied upon as such. MLS® and REALTOR® are trademarks owned or controlled by The Canadian Real Estate Association.
