Penticton’s Housing Market has seen a BURST in Sales: 24 Sales, 42 New Listings, and Thriving Opportunities for Buyers!
In the past week, 24 properties in Penticton have changed hands – a big jump from the previous week’s 15 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 Beautiful Single-Family Home in the Columbia/Duncan area of Penticton which sold for more than $1.7 Million Dollars! On average, buyers managed to secure properties for 97% of the listing price, with only 1 of the 24 homes selling at or above their asking price.
Inventory Watch: Currently, there are 581 properties (of all types) available for sale, compared to 565 listings in June 2024.
New Listings Surge: Over the past 30 days, 200 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 grabbed quickly. If you wait, you may find yourself paying more or missing out altogether. Now is the time to make your move!24 SALES by property type for the homes SOLD this past week (June 9 – June 15). Breakdown is as follows:
- 1 Lot
- 3 Townhomes
- 8 Condos
- 12 Single Family Homes
- 1 Fourplex
- 2 Lots
- 2 Half Duplexes
- 3 Mobile Homes
- 3 Townhomes
- 7 Condos
- 24 Single Family Homes
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