Monday Market Report April 12 – 18, 2021

GREAT WEEK OF HOME SALES IN THE CITY OF PENTICTON!

Another 50 homes changed hands this week, that’s absolutely incredible! This was up 13 house sales (39) vs. the week prior. Now get this, the TOTAL value of these 50 purchases was just over $28 million dollars compared to the $22 million dollars in sales the week prior. The highest priced sale was a Single Family home in the Uplands/Redlands area which sold for more than $2.6 million dollars. The difference between the listing price and actual sales price for the week ended up at 100% – You can’t get closer to 100% than that! 30 of the 50 homes that closed this past week were sold AT OR ABOVE their asking price. We’re still in unprecedented times with a HEAVY tilt towards SELLERS with no end in sight! Here’s a breakdown of sales by type of property for this past week (April 12th – April 18th).
  • 1 Mobile Home
  • 5 Half Duplexes
  • 7 Building Lots
  • 9 Town Homes
  • 14 Condos
  • 14 Single Family Homes
Remember…If you’re thinking of Buying or Selling the South Okanagan, please give me a call at 250-328-5138 to see how YOU fit into today’s real estate market!