A RUN OF THE MILL WEEK OF HOME SALES IN THE PENTICTON REAL ESTATE MARKET.
A TOTAL of 19 properties SOLD in PENTICTON this past week. That’s UP 3 sales from a week ago (16), and UP 1 sale (18) for the same time period one year ago. The highest priced transaction was a Single-Family home that sold on the South side of Penticton for more than $900,000. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 97%, with not one of the 19 properties selling at or over there stated listing price. Inventory levels in the City of Penticton continue to GROW to record HIGH levels. We now have 516 properties (of all types) “For Sale” right now in the city compared to 398 homes this time last year – that’s an increase in inventory of +30% year over year. Buyer’s (at this moment in time) are still STRONGLY in control of today’s real estate marketplace.SALES by property type for the 19 properties SOLD this past week (May 6 – May 12). Breakdown is as follows:
- 1 Half-Duplex
- 3 Townhomes
- 7 Condos
- 8 Single Family Homes
- 2 Mobile Homes
- 4 Lots
- 7 Townhomes
- 6 Condos
- 16 Single Family Homes
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