STRONG WEEK OF HOME SALES IN THE PENTICTON REAL ESTATE MARKET!
A TOTAL of 17 properties were sold in PENTICTON this past week. That’s UP 6 sales from a week ago (when we sold 11 homes), and UP 7 property sales (10) for the same time period one year ago. The highest priced transaction was a Single-Family Home on an acreage in the Uplands/Redlands neighbourhood which sold for more than $2.6 Million Dollars. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 94%, with just 1 of the 17 properties selling at or over their stated listing price. Inventory levels in the City of Penticton continue to be advantageous for BUYER’S! We have 573 properties (of all types) “For Sale” right now in the city compared to 418 homes this time last year – that’s an increase in available inventory of +37% year over year. Buyer’s remain in control of the housing market here in Penticton.17 SALES by property type for the homes SOLD this past week (Sept. 23 – Sept. 29). Breakdown is as follows:
- 1 Mobile Home
- 1 Lot
- 4 Half Duplexes
- 5 Single Family Homes
- 6 Condos
- 1 Lot
- 2 Townhomes
- 5 Half Duplexes
- 7 Condos
- 15 Single Family Homes
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