Penticton’s Housing Market Holds Strong: 15 Sales, 41 New Listings, and Thriving Opportunities for Buyers!
In the past week, 15 properties in Penticton found new owners – a slight dip from the previous week’s 19 sales and last year’s 19 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 in the North area of Penticton which sold for $960,000 Dollars! On average, buyers managed to secure properties for 98% of the listing price, with 4 of the 15 homes selling at or above their asking price.
Inventory Watch: Currently, there are 576 properties (of all types) available for sale, compared to 565 listings in June 2024.
New Listings Surge: Over the past 30 days, 199 new properties have hit the market, giving buyers even more options to explore and choose from.
Pro Tip for Buyers: In today’s market, waiting could end up costing you. Interest rates are quite competitive, inventory is good at this moment in time, and demand continues to be relatively strong. The best deals aren’t sitting around—they’re getting snatched up. If you wait, you may find yourself paying more or missing out altogether. Now is the time to make your move!15 SALES by property type for the homes SOLD this past week (June 2 – June 8). Breakdown is as follows:
- 1 Mobile Home
- 1 Half Duplex
- 3 Townhomes
- 3 Condos
- 7 Single Family Homes
- 4 Mobile Homes
- 5 Half Duplexes
- 6 Condos
- 9 Townhomes
- 17 Single Family Homes
CONNECT WITH SHANNON SIMPSON