It was a slow week on the sales front here in the Penticton area. In total, 7 properties were sold this past week (compared to 14 from the week prior). Total value of the transactions was just over $3.3 million compared to $4.4 million the week prior. The highest priced sale was an acreage in Naramata that sold for more than $1,000,000. The Penticton housing market is knee-deep in a Christmas cooldown, but a great scenario for people looking to buy! The ratio of list price to actual sales price was 95% – buyers are taking advantage of the excess inventory on the market. Monday Market Report Dec 10 – 16, 2018
It was a slow week on the sales front here in the Penticton area. In total, 7 properties were sold this past week (compared to 14 from the week prior). Total value of the transactions was just over $3.3 million compared to $4.4 million the week prior. The highest priced sale was an acreage in Naramata that sold for more than $1,000,000. The Penticton housing market is knee-deep in a Christmas cooldown, but a great scenario for people looking to buy! The ratio of list price to actual sales price was 95% – buyers are taking advantage of the excess inventory on the market.