A STEADY START TO MAY IN THE PENTICTON REAL ESTATE MARKET!
A TOTAL of 17 properties SOLD in PENTICTON this past week. That’s DOWN 1 sales (16) from the previous week and DOWN 1 home sales (16) for the same week one year ago. The highest priced transaction was a single-family home that sold in the Uplands/Redlands neighbourhood for more than $1.2 Million. The difference between the average listing price and the average negotiated sales price this past week ended up at 99%, AND just 5 of the 17 homes SOLD at or above there listing price. Our current inventory levels hover around 370 homes (of all types) “For Sale” right now compared to 279 homes this time last year – that’s an increase in inventory year over year of +33%.
SALES by property type for the 17 properties SOLD this past week (May 1 – May 7). Breakdown is as follows:
- 1 Mobile Home
- 2 Half-Duplexes
- 3 Townhome
- 3 Condos
- 8 Single Family Homes
- 4 Lots
- 4 Half-Duplexes
- 6 Townhomes
- 7 Condos
- 12 Single Family Homes
CONNECT WITH SHANNON SIMPSON