ANOTHER CONSISTENT WEEK OF HOME SALES TO FINISH OFF OCTOBER!
A TOTAL of 16 properties were sold in PENTICTON this past week. That’s on par from a week ago (when we sold 16 homes), but UP a SOLID 9 property sales (7) for the same time period one year ago. The highest priced transaction was a Single-Family Home in the Wiltse neighbourhood which sold for more than $1.4 Million Dollars. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 97%. And ONLY 1 of these 16 properties sold at or over their stated listing price. Inventory levels in the City of Penticton continue to favour BUYER’S. We have 504 properties (of all types) “For Sale” right now in the city compared to the 444 homes available in November 2023. This is an INCREASE in available inventory of +13% year over year. As we roll into the first full week of November, buyer’s continue to stay comfortably in control of the housing market here in Penticton.16 SALES by property type for the homes SOLD this past week (Oct. 28 – Nov. 3). Breakdown is as follows:
- 1 Condo
- 4 Half Duplexes
- 4 Townhomes
- 8 Single Family Homes
- 2 Mobile Homes
- 2 Half Duplexes
- 3 Lots
- 3 Townhomes
- 5 Single Family Homes
- 8 Condos
CONNECT WITH SHANNON SIMPSON