Penticton’s Housing Market in the Heart of the Summer: 14 Sales, 20 New Listings, and Still Thriving Opportunities for Buyers!
In the past week, 14 properties in Penticton have changed hands – a bit of a dip from the previous week’s 19 sales, but up 7 sales from last year’s 7 sales for the same timeframe.
The highlight of the week? A Single-Family Home in the Columbia/Duncan area of Penticton which sold for more than $900,000. On average, buyers managed to secure properties for 98% of the listing price, with only 2 of the 14 homes selling at or above their asking price.
Inventory Watch: Currently, there are 562 properties (of all types) available for sale, compared to 519 listings in July 2024.
New Listings Surge: Over the past 30 days, 184 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!14 SALES by property type for the homes SOLD this past week (June 30- July 6). Breakdown is as follows:
- 1 Mobile Home
- 1 Lot
- 1 Half Duplex
- 2 Townhomes
- 3 Condos
- 6 Single Family Homes
- 1 Half Duplex
- 3 Mobile Homes
- 3 Townhomes
- 6 Condos
- 7 Single Family Homes
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