Let’s take a look at what the market is doing right now. 472 properties were listed for sale in the South Okanagan for the month of April, which is down 5.6% from the 500 properties listed in April of last year. 188 of these properties put on the market for sale were located in Penticton.
We currently have 3.96 months of supply of housing in comparison to last year when we had 3.28 months of supply which is up more than 20.7%! 233 properties traded hands in the South Okanagan in April with 99 of these sales occurring here in Penticton. Sales in the South Okanagan are down 44% from April of last year.
Penticton Average House Sale $930,454
Year to date in Penticton we have reported 367 unit sales, which is down 36% from this same time last year. The YTD Average Sale Price for a Single-Family Home in Penticton is $930,454 and there are currently 910 properties for sale in the South Okanagan.
Osoyoos Average $825,163
In April there were 26 sales occurred in Osoyoos. Year to date in Osoyoos we have reported 118 unit sales, which is down 49% from this same time last year. The YTD Average Sale Price for a Single-Family Home in Osoyoos is $825,163 and there are currently 910 properties for sale in the South Okanagan.
Summerland Average Sale Price $919,112
72 of the South Okanagan properties put on the market for sale were located in Summerland. We currently have 3.96 months of supply of housing in comparison to last year when we had 3.28 months of supply which is up more than 20.7%! In April there were 45 sales in Summerland. Sales in the South Okanagan are down 44% from April of last year. Year to date in Summerland we have reported 107 unit sales, which is down 33% from this same time last year. The YTD Average Sale Price for a SingleFamily Home in Summerland is $919,112.
Abundantly Yours!
Deborah Moore Broker Owner
