ANOTHER BIG, BIG WEEK FOR HOME SALES IN PENTICTON! In total, 28 homes changes hands this past week. That makes 55 homes in two weeks, and one of the strongest two-week stretches we’ve had all year! The total retail value of these 28 transactions was just over $11.8 million dollars, compared to $11.3 million the prior week. The highest priced sale was an acreage in the Naramata region which sold for more than $1,200,000. The variance between list price and actual sales price was 98% this week….this is the first time all year that we’ve broken 97%. Partly due to the fact that  Home Seller’s have needed to sharpen their pencils and in many cases reduce their home prices to more realistic levels that reflect our current sales market trend (Buyer’s Market). It really is a great time to be buying a home in the South Okanagan!

Here’s the breakdown of sales for this past week (July 15th to July 21st):

  • 1 Lot
  • 1 Acreage (Agriculture Land)
  • 1 Half-Duplex
  • 1 Townhome
  • 2 Mobile Homes
  • 11 Condos
  • 11 Single Family Homes

Remember…If you’re thinking of Buying or Selling in the South Okanagan, please give me a call at     250-329-5138 to see how YOU fit into today’s real estate market!