ANOTHER “UNSEASONAL” WEEK OF SPRING TIME SALES HERE IN THE PENTICTON REAL ESTATE MARKET. In total, just 10 homes were sold in the past seven days, same total (10) as the week prior. TOTAL value of these purchases was just over $4.6 million dollars, or five-hundred thousand less ($5.1 million) than the week before. The highest priced sale was a Townhome on the south side of the city which sold for more than $700,000. The difference between listing price and sales price was 97% for the week. It’s apparent that SELLERS are willing to take less for their homes with all the uncertainty surrounding Covid-19. My key indicators point towards the housing market being “BALANCED” at this moment. I sense that we are headed towards a “BUYERS” market in the coming weeks.
Here’s the breakdown of sales by property “type” for this past week (April 13
th to April 19
th)
- 1 Mobile Home
- 2 Half-Duplex
- 4 Townhomes
- 3 Single Family
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!
