Monday Market Report November 20, 2023 – November 26, 2023

A NICE SURGE OF HOME SALES IN PENTICTON AS WE NEAR THE END OF NOVEMBER!

A TOTAL of 12 properties SOLD in PENTICTON this past week. That’s UP 6 sales (6) from the previous week, and UP 5 sales (7) for the same time period one year ago. The highest priced transaction was a Single-Family home that sold in the Wiltse/Valleyview neighbourhood for more than $1.2 Million dollars. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 98% with just 2 of the 12 properties selling OVER there stated listing price. Our current inventory levels in the City of Penticton hover around 433 homes (of all types) “For Sale” right now compared to 357 homes this time last year – that’s an increase in inventory year over year of +21%. Buyer’s are still FIRMLY in control of the marketplace at this point in time!

SALES by property type for the 12 properties SOLD this past week (Nov. 20 – Nov. 26). Breakdown is as follows:

  • 2 Mobile Homes
  • 2 Single Family Homes
  • 4 Townhomes
  • 4 Condos
18 NEW LISTINGS that hit the market last week (Nov. 20 – Nov. 26). Breakdown is as follows:
  • 1 Mobile Home
  • 1 Townhome
  • 3 Half-Duplexes
  • 3 Single Family Homes
  • 10 Condos
Remember…If you’re thinking of Selling or Buying in the South Okanagan, please give me a call at 250-328-5138 to see how YOU fit into today’s real estate market!

CONNECT WITH SHANNON SIMPSON

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