Just a wee bit of a “wobble” on the home sales front this past week here in Penticton. Coming off a solid week where we saw 20 residential properties change hands (two weeks ago), we fell back a bit to only 10 properties changing hands this past week. Total value of these ten transactions was just over $3.9 million, compared to $8.8 million the week prior. The highest priced sale was a Full-Duplex in the “North” area of the city which sold for more than $600,000. The variance between list price and actual sales price was 96%. This percentage continues to stay strong, always between 96% & 98% each week. I’m still projecting that we are currently positioned as a “buyers” market at this point in time. Monday Market Report Feb 11 – Feb 17, 2019
Just a wee bit of a “wobble” on the home sales front this past week here in Penticton. Coming off a solid week where we saw 20 residential properties change hands (two weeks ago), we fell back a bit to only 10 properties changing hands this past week. Total value of these ten transactions was just over $3.9 million, compared to $8.8 million the week prior. The highest priced sale was a Full-Duplex in the “North” area of the city which sold for more than $600,000. The variance between list price and actual sales price was 96%. This percentage continues to stay strong, always between 96% & 98% each week. I’m still projecting that we are currently positioned as a “buyers” market at this point in time.