Monday Market Report August 14, 2023 – August 20, 2023

A SLOW WEEK OF HOME SALES IN THE CITY OF PENTICTON!

JUST 12 properties SOLD in PENTICTON this past week. That’s DOWN 3 home sales (15) from the previous week, and on par for home sales (12) for the same time period one year ago. The highest priced transaction was a single-family home that sold in the rural area of Penticton for over $1.3 Million Dollars. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 97%, with ONLY 5 of 12 homes SELLING at or above there stated listing price.

SALES by property type for the 12 properties SOLD this past week (Aug. 14 – Aug. 20). Breakdown is as follows:

  • 1 Half-Duplex
  • 2 Mobile Homes
  • 2 Lots
  • 2 Townhomes
  • 5 Single Family Homes
28 NEW LISTINGS that hit the market last week (Aug. 14 – Aug. 20). Breakdown is as follows:
  • 1 Mobile Home
  • 1 Half-Duplex
  • 3 Lots
  • 3 Condos
  • 3 Townhomes
  • 17 Single Family Homes
Remember…If you’re thinking of Selling or Buying in the South Okanagan, please give me a call at 250-328-5138 to see how YOU fit into today’s real estate market!

CONNECT WITH SHANNON SIMPSON

https://www.simpsonsellspenticton.ca/contact-shannon