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Where 2016's buyers came from2016 pie char 400t.jpg

Here are the stats from November 1, 2016 to November 1, 2017. 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

-        220 active listings

-        Average of 75 days on market

-        Average list price - $613,564

Sales

-        808 sales since November 1, 2016

-        Average of 54 days on market, at time of sale

-        Average sale price $516,590

Currently a 3.3 month supply of homes under $1 million on the market

 

Single family homes - over $1 million

Listings

-        82 active listings

-        Average of 117 days on market

-        Average list price - $2,065,420

Sales

-        36 sales since November 1, 2016

-        Average of 111 days on market, at time of sale

-        Average sale price $1,521,004

Currently a 27 month supply of $1 million+ homes on the market

 

Condominiums

Listings

-        58 active listings

-        Average of 87 days on the market

-        Average list price - $339,927

Sales

-        340 sales since November 1, 2016

-        Average of 56 days on market, at time of sale

-        Average sale price $267,198 (Average sale price in 2016 - $253,367, a 5.46% increase)

Currently a 2 month supply of condos on the market

Townhomes

Listings

-        52 active listings

-        Average of 74 days on the market

-        Average list price - $339,476

Sales

-        260 sales since November 1, 2016

-        Average of 60 days on market, at time of sale

-        Average sale price $332,644 (Average sale price in 2016 - $280,138, a 18.74% increase)

Currently a 2.4 month supply of townhomes on the market

Half Duplexes

Listings

-        20 active listings

-        Average of 41 days on the market

-        Average list price - $491,935

Sales

-        83 sales since November 1, 2016

-        Average of 65 days on market, at time of sale

-        Average sale price $426,809 (Average sale price in 2016 - $341,570, a 24.96% increase)

Currently a 2.9 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 November 1, 2017 drawn from MLS statistics.

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