ERRATIC WEEK OF HOME SALES IN THE CITY OF PENTICTON!
JUST 14 properties SOLD in PENTICTON this past week. That’s DOWN 6 sales (20) from the previous week, but UP 5 home sales (9) for the same time period one year ago. The highest priced transaction was a Single-Family Home that sold in the Uplands area for more than $2.5 million dollars. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 95%, with ONLY 3 of the 14 homes of SELLING at or above there stated listing price. DID YOU KNOW that 33 homes hit the market last week? Much of this is attributed to homes being re-listed and coming back onto the market with price adjustments. Our current inventory levels hover around 440+ homes (of all types) “For Sale” right now compared to 312 homes this time last year – that’s an increase in inventory year over year of +41%. .SALES by property type for the 14 properties SOLD this past week (Sept. 18 – Sept. 24). Breakdown is as follows:
- 1 Mobile Home
- 3 Condos
- 3 Half-Duplexes
- 7 Single Family Homes
- 1 Mobile Homes
- 1 Townhome
- 3 Half-Duplexes
- 9 Condos
- 19 Single Family Homes
CONNECT WITH SHANNON SIMPSON