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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 - April
Here are the stats from April 4, 2017 to April 4, 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

-        196 active listings
-        Average of 77 days on market
-        Average list price - $633,867

Sales

-        786 sales since April 4, 2017
-        Average of 55 days on market, at time of sale
-        Average sale price $531,534

Currently a 3 month supply of homes priced under $1 million on the market

Single family homes - over $1 million

Listings

-        65 active listings
-        Average of 104 days on market
-        Average list price - $2,112,444

Sales

-        42 sales since April 4, 2017
-        Average of 120 days on market, at time of sale
-        Average sale price $1,456,750

Currently an 18.6 month supply of $1 million+ homes on the market 

Condominiums

Listings

-        49 active listings
-        Average of 74 days on the market
-        Average list price - $358,099

Sales

-        322 sales since April 4, 2017
-        Average of 57 days on market, at time of sale
-        Average sale price $285,759 (Average sale price in 2017 - $250,565, a 13.12% increase)

Currently a 1.8 month supply of condos on the market

Townhomes

Listings

-        45 active listings
-        Average of 75 days on the market
-        Average list price - $410,286

Sales

-        264 sales since April 4, 2017
-        Average of 58 days on market, at time of sale
-        Average sale price $341,053 (Average sale price in 2017 - $291,558, an 15.65% increase)

Currently a 2 month supply of townhomes on the market

Half Duplexes

Listings

-        36 active listings
-        Average of 53 days on the market
-        Average list price - $451,841

Sales

-        78 sales since April 4, 2017
-        Average of 58 days on market, at time of sale
-        Average sale price $437,985 (Average sale price in 2017 - $368,829, a 17.14% increase)

Currently a 5.5 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 April 4, 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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