AND THE SPRING SALES FRENZY CONTINUES!…………In total, 25 properties changed hands this past week versus the 27 homes sold the week prior. We are closing in on more than 100 properties being sold in May 2019! Total value of this week’s 25 transactions was just over $11 million dollars, compared to $14 million the prior week. The highest priced sale was an acreage in the Naramata region which sold for more than $2,200,000. The variance between list price and actual sales price was hovering around 97%….right in the middle of the consistent average seen between 96% and 98% each and every week. It’s still my opinion that the resale market is very much “balanced” in Penticton at this time. Monday Market Report May 13 – 19, 2019
AND THE SPRING SALES FRENZY CONTINUES!…………In total, 25 properties changed hands this past week versus the 27 homes sold the week prior. We are closing in on more than 100 properties being sold in May 2019! Total value of this week’s 25 transactions was just over $11 million dollars, compared to $14 million the prior week. The highest priced sale was an acreage in the Naramata region which sold for more than $2,200,000. The variance between list price and actual sales price was hovering around 97%….right in the middle of the consistent average seen between 96% and 98% each and every week. It’s still my opinion that the resale market is very much “balanced” in Penticton at this time.