The Christmas slowdown season may very well be upon us…..If you’re basing your insight on the number of properties sold in Penticton last week. In total, we sold 14 properties…..down from 17 the week prior. Now, total sales did eclipse the $5.8 million dollar mark, with the giant help of one condominium that sold for more that $1 million itself. Compare this to last week where we had $8.9 million in sales, and it’s fair to say the market is in a Christmas cooldown! The ratio of list price vs. actual sales price was 96%…..Our “big” condo deal of the week undoubtedly brought our percentages down.
Let’s chat about how you fit into the real estate market! Monday Market Report November 10-16, 2018
The Christmas slowdown season may very well be upon us…..If you’re basing your insight on the number of properties sold in Penticton last week. In total, we sold 14 properties…..down from 17 the week prior. Now, total sales did eclipse the $5.8 million dollar mark, with the giant help of one condominium that sold for more that $1 million itself. Compare this to last week where we had $8.9 million in sales, and it’s fair to say the market is in a Christmas cooldown! The ratio of list price vs. actual sales price was 96%…..Our “big” condo deal of the week undoubtedly brought our percentages down.
Let’s chat about how you fit into the real estate market!