Monday Market Report September 29, 2025

A NICE WEEK OF HOME SALES IN THE Penticton Real Estate Market: 16 Sales & 24 New Listings Hit The Market.

This past week delivered 16 new home sales in Penticton – that’s UP 4 sales from last week’s 12, and up 1 sale compared to last year’s 15 for the same time period! We also brought on 24 new listings – buyers still have many options to find their perfect match.

The highlight of the week? A Single-Family Home in the Wiltse/Valleyview area of Penticton that sold for more than $1 Million Dollars. On average, buyers managed to secure properties for 97% of the listing price, with just 1 of the 16 homes selling at or above their asking price.

Inventory Watch: Currently, there are 480 properties (of all types) available for sale, compared to 544 listings in October 2024. Inventory levels are now 12% lower versus that of 2024. This is now an emerging trend where the inventory levels have been lower than 2024, and the market appears to be shifting.

New Listings Surge: Over the past 30 days, 152 new properties have hit the market, giving buyers even more options to explore and choose from.

Pro Tip for Buyers: The window of opportunity is still open – but is now narrowing. With the Bank of Canada reducing the key lending rate by 25-basis points, fresh listings expanding buyer choice, and demand driving homes off the market in mere days, the pace is accelerating. Waiting even a couple of months could bring back multiple offer situations, higher prices, or watching your dream home disappear. Want to win in this market? Step in with confidence. Make your move now!

16 SALES by property type for the homes SOLD this past week (Sept. 29 – Oct. 5). Breakdown is as follows:

2 Townhomes
2 Half Duplexes
3 Condos
9 Single Family Homes

24 NEW LISTINGS that hit the market last week (Sept. 29 – Oct. 5). Breakdown is as follows:

1 Mobile Home
2 Lots
3 Townhomes
6 Condos
12 Single Family Homes

Whether you’re a first-time buyer, investor, or looking to downsize or upsize, the current real estate market in Penticton offers solid opportunities—especially if you’re ready to move quickly. If you have questions or want expert guidance, reach out to Shannon Simpson PREC* a trusted Penticton real estate professional today!

CONNECT WITH SHANNON SIMPSON

https://www.simpsonsellspenticton.ca/contact-shannon

NOTE: this representation is based in whole or in part on data generated by the Association of Interior REALTORS®, which assume no responsibility for its accuracy.