Penticton’s Housing Market experiences a small DIP in momentum: 17 Sales, 26 New Listings, and Thriving Opportunities for Buyers!
In the past week, 17 properties in Penticton have changed hands – a small decline from the previous week’s 24 sales and last year’s 22 sales for the same timeframe, all while the housing market continues to offer plenty of quality options!
The highlight of the week? A Single-Family Home on the North end of Penticton which sold for more than $1.4 Million Dollars! On average, buyers managed to secure properties for 97% of the listing price, with only 3 of the 17 homes selling at or above their asking price.
Inventory Watch: Currently, there are 577 properties (of all types) available for sale, compared to 565 listings in June 2024.
New Listings Surge: Over the past 30 days, 185 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 still attractive, new listings have boosted choice, and buyer demand is pushing 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!17 SALES by property type for the homes SOLD this past week (June 16 – June 22). Breakdown is as follows:
- 1 Half Duplex
- 2 Mobile Homes
- 3 Single Family Homes
- 5 Condos
- 6 Townhomes
- 3 Condos
- 7 Townhomes
- 16 Single Family Homes
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