Monday Market Report April 19 – 25, 2021

NO END IN SIGHT TO THIS CRAZY REAL ESTATE MARKET!

Another 51 homes changed hands this week, that’s absolutely incredible! This was up 1 sale (50) vs. the week prior. Now get this, the TOTAL value of these 51 purchases was just over $30 million dollars compared to the $28 million dollars in sales the week prior. The highest priced sale was a Single Family home on the South side of the city which sold for more than $2 million dollars. The difference between the listing price and actual sales price for the week ended up at 100% – You can’t get any closer to FULL PRICE than 100% ! 27 of the 51 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. Here’s a breakdown of sales by type of property for this past week (April 19th – April 25th).
  • 1 Full Duplex
  • 2 Mobile Homes
  • 3 Half Duplexes
  • 6 Town Homes
  • 8 Building Lots
  • 12 Condos
  • 19 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!