Hello Christmas! In total, just 5 properties were sold this week (compared to 16 just one week ago). Total value of these five transactions was just over $2.5 million, compared to the $6.6 million the week prior. The highest priced sale was a single family home in the Naramata region that sold for more than $800,000. The ratio of list price to actual sales price was 93% – buyers are still taking advantage of anxious home sellers who know there is plenty of inventory on the market. Monday Market Report Dec 24-30, 2018
Hello Christmas! In total, just 5 properties were sold this week (compared to 16 just one week ago). Total value of these five transactions was just over $2.5 million, compared to the $6.6 million the week prior. The highest priced sale was a single family home in the Naramata region that sold for more than $800,000. The ratio of list price to actual sales price was 93% – buyers are still taking advantage of anxious home sellers who know there is plenty of inventory on the market.