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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 - June
Here are the stats from June 6, 2017 to June 6, 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

-        321 active listings
-        Average of 54 days on market
-        Average list price - $620,761

Sales

-        759 sales since June 6, 2017
-        Average of 55 days on market, at time of sale
-        Average sale price $538,693

Currently a 5 month supply of homes priced under $1 million on the market

Single family homes - over $1 million

Listings

-        76 active listings
-        Average of 86 days on market
-        Average list price - $2,017,731

Sales

-        48 sales since June 6, 2017
-        Average of 124 days on market, at time of sale
-        Average sale price $1,502,572

Currently an 19 month supply of $1 million+ homes on the market 

Condominiums

Listings

-        87 active listings
-        Average of 56 days on the market
-        Average list price - $357,132

Sales

-        305 sales since June 6, 2017
-        Average of 56 days on market, at time of sale
-        Average sale price $289,922 (Average sale price in 2017 - $256,124, a 12.38% increase)

Currently a 3.4 month supply of condos on the market

Townhomes

Listings

-        46 active listings
-        Average of 73 days on the market
-        Average list price - $402,047

Sales

-        241 sales since June 6, 2017
-        Average of 61 days on market, at time of sale
-        Average sale price $343,054 (Average sale price in 2017 - $306,995, a 11.09% increase)

Currently a 2.3 month supply of townhomes on the market

Half Duplexes

Listings

-        33 active listings
-        Average of 81 days on the market
-        Average list price - $456,948

Sales

-        74 sales since June 6, 2017
-        Average of 50 days on market, at time of sale
-        Average sale price $429,072 (Average sale price in 2017 - $393,449, a 8.66% increase)

Currently a 5.4 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 June 6, 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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#313 3140 Wilson Street, Penticton, BC

June 21st, 2018

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