ANOTHER STEADY WEEK IN THE REAL ESTATE GAME HERE IN PENTICTON……FEBRUARY HAS TURNED OUT TO BE A VERY PRODUCTIVE MONTH FOR HOMES SALES. In total, we sold 12 homes in the past seven days, which is 1 more sales (11) vs. the output of homes sold the week prior. THE TOTAL VALUE of these 12 purchases was just over $5.3 million dollars, which is $1 million more ($4 million) vs. the week before. The highest priced purchase was a Single Family home in Sendero Crescent (Columbia/Duncan) which sold for more than $670,000. The difference between listing price and sales price was 97% for the week. All indicators are pointing towards the trend being a SELLERS MARKET in the coming weeks! If you have been following this weekly post, then you UNDERSTAND that this is the BEST time to buy your new home!
Here’s the breakdown of sales by property “type” for this past week (February 24th to March 1st)
- 1 Building Lot
- 2 Half-Duplexes
- 2 Condos
- 3 Single Family
- 4 Townhome
Remember…If you’re thinking of Buying or Selling the South Okanagan, please give me a call at 250-328-5138 to see how YOU fit into today’s real estate market!