Welcome to my “Quick Market Report” for April 2021. Here is what YOU need to know about the housing trends here in Penticton!
- We continue to be LOCKED into an extraordinarily strong SELLERS market – this trend is now in the EIGHTH straight month.
- We sold 155 “doors” in Penticton this April. In April 2020 we sold 32 “doors”.
- Now hear this…The average Single Family home price is now selling at $833,000. Up 42% ($585,000) from last year.
- Average Condo price is now $395,000. Up 18% ($336,000) from last April.
- Inventory levels are exceptionally low. There are only 118 Single Family Homes currently for sale in Penticton.
- More than $95 million dollars of residential property was sold in April 2021. An increase of 547% ($14 million) vs. last year.
- ONLY 229 “doors for sale” (single family, condos, townhomes, half-duplexes) in the city of Penticton vs. 480 last year.
- 186 new listings hit the market in April compared to 80 listings last year.
If you have any thoughts about selling – there has never been a better time! Remember, I will always be here to help navigate you through the listing or buying process!
