ANOTHER QUIET WEEK FOR REAL ESTATE IN PENTICTON OVER THE HOLIDAY SEASON!
JUST 2 properties SOLD in PENTICTON this past week. That’s on PAR for sales (2) from one week ago and is the exact same number of sales (2) for the same time period one year ago. The highest priced transaction was a Single-Family Home that sold on the South side of Penticton for more than $950k. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 90% with neither of the 2 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. 25 – Dec. 31). Breakdown is as follows:
- 1 Mobile Home
- 1 Single Family Home
- 1 Single Family Home
CONNECT WITH SHANNON SIMPSON