A NICE BOUNCE BACK WEEK OF HOME SALES IN THE PENTICTON REAL ESTATE MARKET!: 23 Sales, 35 New Listings, and Still Thriving Opportunities for Buyers!
In the past week, 23 properties in Penticton have changed hands – a nice lift in sales compared to the previous week’s 14 sales, and up 2 sales from last year’s 21 sales for the same timeframe.
The highlight of the week? A Single-Family Home in the Wiltse/Valleyview area of Penticton which sold for more than $1.2 Million dollars. On average, buyers managed to secure properties for 97% of the listing price, with only 3 of the 23 homes selling at or above their asking price.
Inventory Watch: Currently, there are 558 properties (of all types) available for sale, compared to 519 listings in July 2024.
New Listings Surge: Over the past 30 days, 135 new properties have hit the market, giving buyers even more options to explore and choose from.
Pro Tip for Buyers: The window of opportunity won’t stay open long. Mortgage rates are very attractive, new listings have boosted choice, and buyer demand is pushing certain properties off the market in days – not weeks. Hesitating even a few weeks can mean higher prices or watching your dream home slip away. Ready to win? Make your move now!23 SALES by property type for the homes SOLD this past week (July 7 – July 13). Breakdown is as follows:
- 1 Mobile Home
- 1 Lot
- 3 Townhomes
- 7 Condos
- 11 Single Family Homes
- 1 Full Duplex
- 3 Half Duplexes
- 3 Mobile Homes
- 7 Condos
- 8 Townhomes
- 16 Single Family Homes
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