Welcome to my “Quick Market Report” for June 2020.
Here is what YOU need to know about the Penticton housing market!
- 97 Residential homes were sold in June. This is 8 more homes sold (89) vs. June 2019.
- There are only 154 Single Family Homes currently for sale in the Penticton market. Last year there was 223 homes. The market has quickly shifted back into a SELLERS market.
- YTD there have been 365 homes sold. This is down 67 home sales (432) compared to the same period last year.
- More than $168 million dollars of residential property sold to date in 2020. This is down $11 million dollars ($179 million) vs. last year.
- We have 468 active listings in the city of Penticton vs. 494 last year.
- Only 133 new MLS listings were activated in Penticton throughout June. We had 144 listings activate in June 2019.
- Average Single Family home price in Penticton was $603,000. Up 12% from June 2019.
