Monday Market Report October 14, 2024 – October 20, 2024

    ANOTHER STEADY WEEK OF HOME SALES IN THE CITY OF PENTICTON!

A TOTAL of 15 properties were sold in PENTICTON this past week. That’s DOWN just 2 sales from a week ago (when we sold 17 homes), and down 2 property sales (17) for the same time period one year ago. The highest priced transaction was a Single-Family Home in the Wiltse/Valleyview neighbourhood which sold for $1.4 Million Dollars. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 97%, with NONE of these 15 properties selling at or over their stated listing price. Inventory levels in the City of Penticton continue to be very advantageous for BUYER’S. We have 533 properties (of all types) “For Sale” right now in the city compared to the 470 homes which were available in October 2023. This is an INCREASE in available inventory of +13% year over year. As we roll out of October, buyer’s continue to stay in control of the housing market here in Penticton.

15 SALES by property type for the homes SOLD this past week (Oct. 14 – Oct. 20). Breakdown is as follows:

  • 2 Condos
  • 3 Mobile Homes
  • 5 Townhomes
  • 5 Single Family Homes
25 NEW LISTINGS that hit the market last week (Oct. 14 – Oct.20). Breakdown is as follows:
  • 1 Half Duplex
  • 1 Mobile Home
  • 2 Townhomes
  • 5 Condos
  • 15 Single Family Homes
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