SLOW AND STEADY WINS THE RACE – COVID WHO? The Penticton housing market (despite all of the negativity surrounding us) is still seeing sales activity! In total, 15 doors have sold in the past seven days, which is ONE MORE sale (14) vs. the prior week. The TOTAL value of these 15 purchases was just over $5.9 million dollars, or $ 1.4 million less ($7.3 million) vs. the week before while the highest priced sale was a Single Family home in the Naramata region which sold for more than $735,000. The difference between listing price and actual sales price for the week ended up at 97% of CURRENT ASKING PRICE. This is UP just slightly from last week’s listing price ratio of 96%. 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 (June 1
st to June 7
th)
- 1 Mobile Home
- 1 Townhome
- 1 Full Duplex
- 3 Building lots
- 4 Condos
- 5 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!
