THE HOUSING RESALE MARKET IS STILL TRENDING IN A POSITIVE DIRECTION! We had a respectable week of sales in the world of PENTICTON REAL ESTATE. In total, 14 doors sold in the past seven days, which is down 3 sales vs. the prior week. The TOTAL value of these 14 purchases was just over $7.3 million dollars, or $200,000 more ($7.1 million) vs. the week before. The highest priced sale was an acreage in the Uplands neighbourhood which sold for more than $1,400,000. The difference between listing price and actual sales price for the week ended up at 96% of ASKING PRICE. This is down from the prior two weeks when our sales to listing price ratio was 98%. 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 25
th to May 31
st)
- 1 Condo
- 1 Acreage
- 1 Building lot
- 1 Half-Duplex
- 2 Mobile Homes
- 3 Single Family
- 5 Townhomes
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!
