A NICE WEEK OF HOME SALES TO START THE MONTH OF DECEMBER OFF HERE IN PENTICTON!
A TOTAL of 16 properties were sold in PENTICTON this past week. That’s UP 5 SALES from a week ago (11), and UP 4 property sales (12) for the same time period one year ago. The highest priced transaction was a Condo on the North side of Penticton which sold for more than $1.6 Million Dollars. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 96%, with only 1 of the 16 properties selling at or over their stated listing price. Inventory levels in the City of Penticton continue to favour BUYERS……..but this gap is SHRINKING FAST. We currently have 422 properties (of all types) “For Sale” right now in the city compared to the 381 homes available in December 2023. This is a slight INCREASE in available inventory of +11% year over year. At this moment, buyer’s continue to have a small edge on the housing market here in Penticton.16 SALES by property type for the homes SOLD this past week (Dec. 2 – Dec. 8). Breakdown is as follows:
- 1 Lot
- 1 Townhome
- 1 Half Duplex
- 6 Condos
- 7 Single Family Homes
- 2 Mobile Homes
- 2 Lots
- 2 Condos
- 2 Townhomes
- 2 Half Duplexes
- 4 Single Family Homes
CONNECT WITH SHANNON SIMPSON