Monday Market Report January 23, 2022 – January 29, 2023

A LITTLE SPIKE IN PENTICTON HOME SALES TO FINISH THE MONTH!

A TOTAL of 11 properties SOLD in PENTICTON this past week, that’s UP 6 sales (5) from the previous week, but DOWN 11 home sales (22) from the same time period one year ago. The highest priced transaction was a single-family home in the Columbia/Duncan neighbourhood which sold for more than $790,000. The difference between the average listing price and the average negotiated sales price this past week ended up at 96%. Our current Inventory levels hover around 289+ homes (of all types) “For Sale” right now compared to 149 homes this time last year. That’s an increase in inventory year over year of 94%. Based on our DECEMBER month-end stats, we are STILL firmly locked into a “BUYERS” housing market at this point in time!

SALES by property type for the 11 properties SOLD this past week (Jan. 23 – Jan. 29). Breakdown is as follows:

  • 1 Townhome
  • 2 Mobile Homes
  • 4 Condos
  • 4 Single Family Homes

24 NEW LISTINGS that hit the market last week (Jan. 23– Jan. 29). Breakdown is as follows:

  • 1 Lot
  • 2 Mobile Homes
  • 4 Townhomes
  • 7 Single Family Homes
  • 10 Condos
Remember…If you’re thinking of Selling or Buying in the South Okanagan, please give me a call at 250-328-5138 to see how YOU fit into today’s real estate market!

CONNECT WITH SHANNON SIMPSON

https://www.simpsonsellspenticton.ca/contact-shannon