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Where the buyers came from in 2017
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Royal LePage Locations West (Penticton) represented Buyers and Sellers in a total of 763 transactions in 2017. This pie chart shows where those buyers were from. The numbers for 2016 are shown in italics.

MARKET SUPPLY: Year-over-year activity - May
Here are the stats from May 1, 2017 to May 1, 2018. 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

-        274 active listings
-        Average of 55 days on market
-        Average list price - $624,982

Sales

-        783 sales since May 1, 2017
-        Average of 54 days on market, at time of sale
-        Average sale price $536,749

Currently a 4.2 month supply of homes priced under $1 million on the market

Single family homes - over $1 million

Listings

-        69 active listings
-        Average of 100 days on market
-        Average list price - $2,108,188

Sales

-        45 sales since May 1, 2017
-        Average of 121 days on market, at time of sale
-        Average sale price $1,503,855

Currently an 18.4 month supply of $1 million+ homes on the market 

Condominiums

Listings

-        59 active listings
-        Average of 58 days on the market
-        Average list price - $339,859

Sales

-        330 sales since May 1, 2017
-        Average of 56 days on market, at time of sale
-        Average sale price $288,405 (Average sale price in 2017 - $254,975, a 13.11% increase)

Currently a 2.2 month supply of condos on the market

Townhomes

Listings

-        50 active listings
-        Average of 73 days on the market
-        Average list price - $411,175

Sales

-        256 sales since May 1, 2017
-        Average of 58 days on market, at time of sale
-        Average sale price $340,867 (Average sale price in 2017 - $298,486, an 14.2% increase)

Currently a 2.3 month supply of townhomes on the market

Half Duplexes

Listings

-        33 active listings
-        Average of 78 days on the market
-        Average list price - $464,227

Sales

-        80 sales since May 1, 2017
-        Average of 57 days on market, at time of sale
-        Average sale price $436,377 (Average sale price in 2017 - $377,688, a 15.5% increase)

Currently a 5 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 May 1, 2018 drawn from MLS statistics.

Our Listings

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