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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 - February
Here are the stats from February 5, 2017 to February 5, 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

-        140 active listings
-        Average of 85 days on market
-        Average list price - $610,019

Sales

-        810 sales since February 5, 2017
-        Average of 54 days on market, at time of sale
-        Average sale price $526,497

Currently a 2.07 month supply of homes priced under $1 million on the market

Single family homes - over $1 million

Listings

-        49 active listings
-        Average of 119 days on market
-        Average list price - $2,125,138

Sales

-        41 sales since February 5, 2017
-        Average of 127 days on market, at time of sale
-        Average sale price $1,538,089

Currently a 14 month supply of $1 million+ homes on the market 

Condominiums

Listings

-        55 active listings
-        Average of 86 days on the market
-        Average list price - $327,516

Sales

-        328 sales since February 5, 2017
-        Average of 55 days on market, at time of sale
-        Average sale price $275,293 (Average sale price in 2017 - $251,777, a 8.9% increase)

Currently a 2 month supply of condos on the market

Townhomes

Listings

-        40 active listings
-        Average of 85 days on the market
-        Average list price - $394,165

Sales

-        268 sales since February 5, 2017
-        Average of 58 days on market, at time of sale
-        Average sale price $339,091 (Average sale price in 2017 - $284,722, a 17% increase)

Currently a 1.8 month supply of townhomes on the market

Half Duplexes

Listings

-        20 active listings
-        Average of 59 days on the market
-        Average list price - $495,065

Sales

-        79 sales since February 5, 2017
-        Average of 59 days on market, at time of sale
-        Average sale price $422,673 (Average sale price in 2017 - $361,526, a 15.6% increase)

Currently a 3 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 February 5, 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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February 21st, 2018

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