AND THE BEAT GOES ON! We had another respectable week of sales to kick-off the SUMMER SEASON! In total, 19 doors changed hands in the past seven days, which is down 19 sales vs. the prior week. The TOTAL value of these 19 purchases was just over $10.7 million dollars, a decrease of a little more than $7 million vs. the week before. The highest priced sale was an acreage in the Naramata region which sold for more than $1,900,000. The difference between the listing price (and in some cases, these are adjusted listing prices from where the sellers started) and actual sales price for the week ended up at 96%. This is down slightly from last week’s sales ratio of 97%. My key indicators are starting to move towards being a “SELLERS” Market – Let’s see what this week brings!
Here’s a breakdown of sales by property “type” for this past week (June 29
th – July 5
th)
- 1 Mobile Home
- 2 Building Lots
- 2 Acreages
- 4 Condos
- 5 Townhomes
- 5 Single Family Homes
Remember…If you’re thinking of Buying or Selling the South Okanagan, please give me a call at 250-328-5138 to see how YOU fit into today’s real estate market!
