ANOTHER RELATIVELY REASONABLE WEEK (AMONGST ALL THE UNCERTAINTY) FOR HOME SALES IN PENTICTON……In total, we sold 16 homes in the past seven days, which is 5 less sales (21) vs. the output of homes sold the week prior. THE TOTAL VALUE of these 16 purchases was just over $7.8 million dollars, which is short by about $1.4 million ($9.2 million) vs. the week before. The highest priced purchase was a Condo on Lakeshore Drive which sold for more than $850,000. The difference between listing price and sales price was 96% for the week. Not withstanding the uncertainty surrounding Covid 19 in the coming weeks and months, all of my key indicators point towards the housing resale market moving towards being a “SELLERS MARKET”! If you have been following this weekly post, then you UNDERSTAND that NOW might be the BEST time to buy your new home!
Here’s the breakdown of sales by property “type” for this past week (March 16th to March 22nd)
- 1 Half-Duplex
- 3 Townhomes
- 5 Condos
- 7 Single Family
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!