ANOTHER RESPECTABLE WEEK OF HOME SALES IN THE PENTICTON REAL ESTATE MARKET!: 16 Sales, 24 New Listings, and Thriving Opportunities for Buyers!
Just this past week, 16 properties in Penticton have changed hands – a slight dip in sales when comparing against the previous week’s 19 sales, and close when comparing last year’s 17 sales for the same timeframe.
The highlight of the week? A Single-Family Home in the Uplands/Redlands neighbourhood of Penticton which sold for more than $950,000. On average, buyers managed to secure properties for 97% of the listing price, with only 1 of the 16 homes selling at or above their asking price.
Inventory Watch: Currently, there are 549 properties (of all types) available for sale, compared to 516 listings in August 2024. This is an increase in inventory levels of +6% Year over Year.
New Listings Surge: : Over the past 30 days, 131 new properties have hit the market, giving buyers even more options to explore and choose from.
Pro Tip for Buyers: The window of opportunity is still open – but for how long? Mortgage rates are quite attractive, new listings have boosted choice, and buyer demand is pushing certain properties off the market in days – not weeks. Hesitating even a few weeks can mean higher prices or watching your dream home slip away. Ready to win? Make your move now!16 SALES by property type for the homes SOLD this past week (Aug. 11 – Aug. 17). Breakdown is as follows:
- 1 Lot
- 2 Townhomes
- 2 Half – Duplexes
- 3 Mobile Homes
- 3 Condos
- 5 Single Family Homes
- 1 Mobile Home
- 2 Half Duplexes
- 4 Townhomes
- 6 Condos
- 11 Single Family homes
CONNECT WITH SHANNON SIMPSON