SLOW & STEADY WEEK OF HOME SALES IN THE PENTICTON REAL ESTATE MARKET!
ANOTHER 18 properties SOLD in PENTICTON this past week. That’s UP 2 sales (16) from the previous week, but on PAR for the same time period one year ago with 18 home sales. The highest priced transaction was a half-duplex that sold in the North area of Penticton for more than $1 Million. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 98%, AND 5 of the 18 homes SOLD at or above the stated listing price. Our current inventory levels hover around 406+ homes (of all types) “For Sale” right now compared to 163 homes this time last year – that’s an increase in inventory year over year of +149%.SALES by property type for the 18 properties SOLD this past week (June 5 – June 11). Breakdown is as follows:
- 1 Mobile Home
- 2 Single Family homes
- 4 Townhomes
- 4 Half-Duplexes
- 7 Condos
- 1 Fourplex
- 1 Lot
- 1 Mobile Home
- 3 Half-Duplexes
- 5 Townhomes
- 9 Condos
- 16 Single Family Homes
CONNECT WITH SHANNON SIMPSON