A REALISTIC START TO MARCH FOR HOME SALES IN PENTICTON……In total, we sold 14 homes in the past seven days, which is 2 more sales (12) vs. the output of homes sold the week prior. THE TOTAL VALUE of these 14 purchases was just over $4.5 million dollars, which is about $700,000 less ($5.3 million) vs. the week before. The highest priced purchase was a Single Family home on the North side of the city which sold for more than $690,000. The difference between listing price and sales price was 98% for the week, and it seems to be tightening up. All of my key indicators point towards the trend moving towards a SELLERS MARKET in the coming weeks! If you have been following this weekly post, then you UNDERSTAND that NOW is the BEST time to buy your new home!
Here’s the breakdown of sales by property “type” for this past week (March 2nd to March 8th)
- 2 Mobile Homes
- 3 Half-Duplexes
- 3 Condos
- 6 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!