PAR FOR THE COURSE! We had another respectable week of sales in the world of PENTICTON REAL ESTATE! As I mentioned last week, we are not in a “typical” spring selling panic mode, but there’s certainly more movement in the marketplace! In total, 17 doors sold in the past seven days, which is EXACTLY the same as the prior week. The TOTAL value of these 17 purchases was just over $7.1 million dollars, or $500,000 less ($7.6 million) vs. the week before. The highest priced sale was a Single Family home on the north side of the city which sold for more than $710,000. The difference between listing price and actual sales price for the week ended up at 98% of ASKING PRICE. To put this into perspective, two weeks ago, the listing price vs. actual sales price was 93% – WOW! My key indicators still show the Penticton housing market favouring “BUYERS” for the first time since December 2018.
Here’s the breakdown of sales by property “type” for this past week (May 18
th to May 24
th)
- 2 Half-Duplexes
- 3 Condos
- 4 Townhomes
- 8 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!
