SIZZLIN HOT HOUSING MARKET CONTINUES TO “MARCH” ALONG!
In total, we had another 33 homes change hands this week, which is identical to last week. The TOTAL value of these 33 purchases was just over $18 million dollars compared to the same $18 million the week prior. The highest priced sale this week was a single family home in Penticton which sold for more than $1.1 million dollars. The difference between the listing price and actual sales price for the week ended up at 99%, which is on par with last week. 16 of the 33 homes bought this past week were sold AT OR ABOVE their asking price. Today’s housing market stays HEAVILY tilted towards SELLERS and there doesn’t appear to be any end in sight to this trend. Here’s a breakdown of sales by type of property for this past week (Mar. 8th to Mar. 14th)- 1 Half Duplex
- 1 Fourplex
- 2 Mobile Homes
- 3 Building Lots
- 4 Town Homes
- 11 Condos
- 11 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!