THE HOLIDAY SEASON IS OFFICIALLY UPON US IN PENTICTON!
JUST 2 properties SOLD in PENTICTON this past week. That’s DOWN 5 sales (7) from one week ago, and down a WHOPPING 10 sales (12) for the same time period one year ago. The highest priced transaction was a Condo that sold on the North side of Penticton for more than $400k. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 95% with no properties selling AT or OVER there stated listing price. Inventory levels in the City of Penticton hover around 424 homes (of all types) “For Sale” right now compared to 300 homes this time last year – that’s an increase in inventory year over year of +41%. Buyer’s are still FIRMLY in control of the marketplace at this point in time!SALES by property type for the 2 properties SOLD this past week (Dec. 18 – Dec .24). Breakdown is as follows:
- 2 Condos
- 1 Mobile Home
- 1 Townhome
- 2 Half-Duplexes
- 2 Condos
- 6 Single Family Homes
CONNECT WITH SHANNON SIMPSON