Penticton’s Housing Market Had Another Steady Week Of Home Sales to Finish Of The Month Of May: 19 Sales, 36 New Listings, A Robust Inventory, and Great Opportunities for Buyers!
In the past week, 19 properties in Penticton found new owners – this is comparable from the previous week’s 18 sales and last year’s 18 sales for the same timeframe, all while the housing market continues to offer plenty of quality options!
The highlight of the week? A Single-Family Lake Front Home in the South area of Penticton which sold for $1.9 Million Dollars! On average, buyers managed to secure properties for 97% of the listing price, with 5 of the 18 homes selling at or above their asking price.
Inventory Watch: Currently, there are 566 properties (of all types) available for sale, compared to 565 listings in June 2024.
New Listings Surge: Over the past 30 days, 207 new properties have hit the market, giving buyers even more options to explore and choose from.
Pro Tip for Buyers: In today’s market, waiting could end up costing you. Interest rates are quite competitive, inventory is good at this moment in time, and demand continues to be relatively strong. The best deals aren’t sitting around—they’re getting snatched up. If you wait, you may find yourself paying more or missing out altogether. Now is the time to make your move!19 SALES by property type for the homes SOLD this past week (May 26 – June 1). Breakdown is as follows:
- 2 Mobile Homes
- 2 Townhomes
- 4 Condos
- 11 Single Family Homes
- 1 Lot
- 1 Half Duplex
- 2 Mobile Home
- 5 Townhomes
- 9 Condos
- 18 Single Family Homes
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