Strong Sales: Penticton makes a comeback! Okanagan Real Estate Update – April 26, 2012.
Summerland Penticton Okanagan Real Estate Agent and Home Star Realty Owner Raymond MAASKE , reported today that of the Single Family Sales this week (April 26,2012) in Penticton and Summerland seem to be balancing out with strong sales in Penticton this week.
In Summerland & Penticton Okanagan BC the new SOLDS hit the market this week at an average list price of $374,450 and $485,696 respectively while the selling price was $352,500 and $459,889 respectively. “This week home sales in Penticton clobbered Summerland with 13 sales versus only two in Summerland” says MAASKE
On the LISTING side, the average list price of what was listed in Summerland and Penticton was $719,342 and $422,942 respectively. A few scenarios can be run to explain this dichotomy says MAASKE “ we may be seeing a bounce back to ‘normal’ after slower sales in Penticton relative to its size to Summerland”