A STEADY WEEK FOR HOME SALES IN THE PENTICTON REAL ESTATE MARKET!
WE SOLD 18 properties in PENTICTON this past week. That’s UP 1 sales from a week ago (when we sold 17 homes), and UP 3 property sales (15) for the same time period one year ago. The highest priced transaction was a Single-Family with an Acreage on the South side of Penticton which sold for more than $2.5 Million Dollars. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 97%, and ONLY 1 of the 18 properties sold at or over their stated listing price. Inventory levels in the City of Penticton continue to be advantageous for BUYER’S! We have 539 properties (of all types) “For Sale” right now in the city compared to 418 homes this time last year – that’s an increase in inventory of +28% year over year. Buyer’s (at this moment in time) have a decided advantage in today’s real estate marketplace.18 SALES by property type for the homes SOLD this past week (Aug. 19 – Aug. 25). Breakdown is as follows:
- 2 Half Duplexes
- 3 Mobile Homes
- 3 Townhomes
- 5 Condos
- 5 Single Family Homes
- 1 Mobile Home
- 1 Half Duplex
- 4 Townhomes
- 5 Condos
- 20 Single Family Homes
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