Monday Market Report September 4, 2023 – September 10, 2023

A SLOW START FOR PENTICTON HOME SALES IN THE FIRST FULL WEEK OF SEPTEMBER!

JUST 12 properties SOLD in PENTICTON this past week. That’s DOWN 2 home sales (14) from the previous week, but UP one home sale (11) for the same time period one year ago. The highest priced transaction was a Single-Family Home that sold in the Wiltse Neighbourhood for more than $1,090,000. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 96%, with NO homes of SELLING at or above there stated listing price. Our current inventory levels hover around 412+ 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 +32%.

SALES by property type for the 12 properties SOLD this past week (Sept. 4 – Sept. 10). Breakdown is as follows:

  • 1 Mobile Home
  • 2 Townhomes
  • 4 Condos
  • 5 Single Family Homes
16 NEW LISTINGS that hit the market last week (Sept. 4- Sept. 10). Breakdown is as follows:
  • 2 Lots
  • 3 Condos
  • 4 Townhomes
  • 7 Single Family Homes
Remember…If you’re thinking of Selling or Buying in the South Okanagan, please give me a call at 250-328-5138 to see how YOU fit into today’s real estate market!

CONNECT WITH SHANNON SIMPSON

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