IS THE MARKET STARTING TO SLOW DOWN??
In total, only 25 “doors” changed hands this past week, down 6 home sales vs. the week prior. The TOTAL value of these 25 transactions was just over $15 million dollars compared to $14 million in sales the week prior. The highest priced property to sell was a Single Family Home in the Uplands/Redlands area of Penticton which garnered more than $2 million dollars…..WOW! The difference between the listing price and actual sales price for the week was 99%. In total, 14 of the 25 homes sold AT OR OVER asking price. I would say that sales volumes are now relatively “SEASONAL” for this time of year, but the “Average Selling Price” confirms for me that SELLERS still have the upper hand!
Here’s a breakdown of sales by type of property for this past week (June 14th – June 20th).- 1 Fourplex
- 2 Half Duplexes
- 4 Townhouses
- 4 Building Lots
- 6 Condos
- 8 Single Family Homes