ANOTHER SOLID WEEK OF HOME SALES IN THE CITY OF PENTICTON!
A TOTAL of 16 properties were sold in PENTICTON this past week. That’s UP 1 sale from a week ago (when we sold 15 homes), but UP a SOLID 9 property sales (7) for the same time period one year ago. The highest priced transaction was a Single-Family Home in the Uplands/Redlands neighbourhood which sold for $2 Million Dollars. The difference between the average listing price and the ACTUAL negotiated sales price this past week ended up at 97%. ONLY 1 of these 16 properties sold at or over their stated listing price. Inventory levels in the City of Penticton continue to favour BUYER’S. We NOW have 515 properties (of all types) “For Sale” right now in the city compared to the 470 homes which were available in October 2023. This is an INCREASE in available inventory of +10% year over year. As we near the end of October, buyer’s continue to stay in control of the housing market here in Penticton.16 SALES by property type for the homes SOLD this past week (Oct. 21 – Oct. 27). Breakdown is as follows:
- 1 Mobile Home
- 1 Townhome
- 7 Condos
- 7 Single Family Homes
- 1 Lot
- 1 Half Duplex
- 3 Townhomes
- 3 Condos
- 11 Single Family Homes
CONNECT WITH SHANNON SIMPSON