ANOTHER SOLID WEEK FOR HOME SALES IN THE PENTICTON MARKET!
In total, we had 38 homes change hands this week, UP 15 sales from the week prior. The TOTAL value of these 38 purchases was just over $24 million dollars compared to $10 million the week prior. The highest priced sale was a single family home in the Wiltse/Valleyview area of Penticton which sold for $2,000,000 dollars. The difference between the listing price and actual sales price for the week ended up at 98%, which is on par with last week’s sales ratio. 14 of the 38 homes sold this past week were sold AT OR ABOVE their asking price. Today’s housing market is HEAVILY tilted towards SELLERS as there continues to be a tremendous amount of DEMAND in the marketplace, with very little SUPPLY. Here’s a breakdown of sales by type of property for this past week (Feb.1st to Feb.7th)- 1 Half Duplex
- 2 Building Lots
- 2 Mobile Homes
- 3 Full Duplexes
- 8 Townhomes
- 10 Condos
- 12 Single Family Homes
Remember…If you’re thinking of Buying or Selling the South Okanagan, please give me a call at 250-328-5138 to see how YOU fit into today’s real estate market!