Monday Market Report May 12, 2025

Penticton Real Estate Market Sees Strong Surge: 24 Home Sales, Growing Inventory & Buyer-Friendly Conditions

The Penticton housing market saw a noticeable uptick in activity last week, with 24 properties sold—a solid increase from 18 sales the week prior and a significant boost from just 14 sales during the same week in 2024. This surge highlights continued strength in real estate activity in Penticton, as well as growing opportunities for homebuyers. market. Featured Sale: Luxury Home in Columbia Duncan Sells for Over $1.5 Million The standout sale of the week was a single-family home in the Columbia Duncan neighbourhood, which sold for over $1.5 million—showcasing the ongoing demand for high-end homes in Penticton. Overall, homes sold for an average of 97% of the listing price, with only 3 of the 24 properties selling at or above asking. This suggests that while the market is active, strategic pricing and negotiation are still key for both buyers and sellers.

Real Estate Inventory Continues to Grow in Penticton:

As of this week, 583 properties are currently listed for sale in Penticton, across all categories. This marks a 4% increase in inventory compared to May 2024, when 562 listings were on the market. The growing number of homes for sale in Penticton is giving buyers more choice and flexibility.

New Listings Flood the Market: 218 in the Last 30 Days:

In the past 30 days alone, 218 new real estate listings have been added in Penticton. This continued inflow of fresh inventory is ideal for anyone considering a purchase, as it increases competition and helps stabilize home prices.

Expert Insight: Why Now Is a Smart Time to Buy in Penticton:

For buyers, this is a prime window of opportunity. With interest rates still competitive, a growing pool of listings, and relatively strong demand, waiting to buy a home in Penticton could mean facing higher prices or missing out on desirable properties. The best deals are going quickly, and market conditions remain favorable for those ready to act.

24 SALES by property type for the homes SOLD this past week (May 12 – May 18). Breakdown is as follows:

1 Mobile Home
1 Full Duplex
2 Half-Duplexes
3 Townhome
7 Condos
10 Single Family Homes

35 NEW LISTINGS that hit the market last week (May 12 – May 18). Breakdown is as follows:

1 Lot
3 Half Duplexes
8 Townhomes
9 Condos
14 Single Family Homes

Whether you’re a first-time buyer, investor, or looking to downsize or upsize, the current real estate market in Penticton offers solid opportunities—especially if you’re ready to move quickly. If you have questions or want expert guidance, reach out to Shannon Simpson PREC* a trusted Penticton real estate professional today!

CONNECT WITH SHANNON SIMPSON

https://www.simpsonsellspenticton.ca/contact-shannon