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MARKET SUPPLY: Year-over-year activity - January
Here are the stats from January 15, 2018 to January 15, 2019. The sales within each category have been averaged over a 12-month period. Those sales averages, compared to the current number of listings, have been used to calculate the market supply in each category.

Single family homes - up to $1 million

Listings

-        320 active listings
-        Average of 108 days on market
-        Average list price - $604,356

Sales

-        615 sales since January 15, 2018
-        Average of 62 days on market, at time of sale
-        Average sale price $542,129

Currently a 6.2 month supply of homes priced under $1 million on the market

Single family homes - over $1 million

Listings

-        43 active listings
-        Average of 146 days on market
-        Average list price - $1,861,694

Sales

-        36 sales since January 15, 2018
-        Average of 96 days on market, at time of sale
-        Average sale price $1,473,759

Currently a 14.3 month supply of $1 million+ homes on the market 

Condominiums

Listings

-        133 active listings
-        Average of 117 days on the market
-        Average list price - $430,426

Sales

-        259 sales since January 15, 2018
-        Average of 58 days on market, at time of sale
-        Average sale price $299,878 

Currently a 6.2 month supply of condos on the market

Townhomes

Listings

-        48 active listings
-        Average of 116 days on the market
-        Average list price - $446,902

Sales

-        171 sales since January 15, 2018
-        Average of 68 days on market, at time of sale
-        Average sale price $333,739 

Currently a 3.4 month supply of townhomes on the market

Half Duplexes

Listings

-        45 active listings
-        Average of 180 days on the market
-        Average list price - $477,091

Sales

-        64 sales since January 15, 2018
-        Average of 59 days on market, at time of sale
-        Average sale price $413,416

Currently a 8.4 month supply of half duplexes on the market

 

*This information is based on the following areas: Penticton (including Apex), Summerland, Naramata, Kaleden and Okanagan Falls. Data up to January 15, 2019 drawn from MLS statistics.

Our Listings

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  • Locations West Realty
  • Address:484 Main Street
  • Penticton
  • V2A 5C5
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