HAVE FAITH SELLERS AND BUYERS…WE’VE NOT YET COME TO A “GRINDING HALT” FOR HOME SALES IN PENTICTON!……In total, 14 homes have been sold in the past seven days, which is only 2 less sales (16) vs. the output of homes sold the week prior. THE TOTAL VALUE of these 14 purchases was just over $6.1 million dollars, which is about $1.7 million ($7.8 million) less vs. the week before. The highest priced purchase was a Single Family home in the Wiltse/Valleyview neighbourhood which had a purchase price of more than $1,200,000. The difference between listing price and sales price was 95% for the week. It’s apparent that SELLERS are willing to take less for their homes with all the uncertainty surrounding Covid 19. STILL, all of my key indicators point towards the housing resale market moving towards being a “SELLERS MARKET”! If you have been following this weekly post, then you UNDERSTAND that NOW might be the BEST time to buy your new home!
Here’s the breakdown of sales by property “type” for this past week (March 23
rd to March 29
th)
- 1 Building Lot
- 1 Half-Duplex
- 2 Mobile Homes
- 2 Townhomes
- 3 Condos
- 5 Single Family
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!
