AND… ANOTHER SCORCHING WEEK OF HOME SALES IN THE PENTICTON HOUSING MARKET!
In total we sold 46 properties over the past seven days. The TOTAL value of these 46 purchases was just over $24 million dollars. The highest priced sale was a Single Family home in Naramata which sold for more than $2.3 million dollars. The difference between the listing price and actual sales price for the week ended up at 98%. This is right on the average sales ratio of 98% compared to last week, and also the year to date average. We are still very much locked into a “SELLERS” market with a tremendous amount of buyer “DEMAND” and not very much seller “SUPPLY”. 2020 is turning out to be a BANNER year for sales in Penticton. In fact, we are on pace to sell 875 doors this year, which will be an increase of 6% (828 homes sold) over 2019.
Here’s a breakdown of sales by property “type” for this past week (September 21st – September 27th)- 1 Townhomes
- 5 Half-Duplexes
- 1 Acreage
- 2 Mobile Homes
- 16 Condos
- 21 Single Family Homes
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!