What to know about real estate for sale in Penticton BC this spring!


real estate for sale penticton bc

Real estate for sale in Penticton BC is hopping this spring!

If you were to sit back and take a look at real estate statistics and reporting from last spring you might be surprised! In the midst of a pandemic, real estate for sale in Penticton, BC has been holding it’s own to say the least. Penticton is one of the fortunate gems in BC and world wide. Where we still have access to world class outdoor amenities to keep us occupied in the face of multiple lockdowns. It’s this claim to fame which seemingly has devout city dwellers throwing in the condo towel to literally look for greener pastures. Real estate in Penticton has risen to that challenge wholeheartedly!

It’s all in the numbers when it comes to real estate for sale in Penticton BC

The numbers are painting quite an obvious picture! We need more Penticton homes to list for sale in order to keep up with the demand for this lakeside community. Inventory is down, so naturally days on the market is also down. Translation – what we do list for sale tends to fly off the shelf pretty quickly. This explains why single family home sales saw an 81% increase from the previous February in 2020.  If you’ve been on the fence about listing your Penticton home for sale, then now might be the time to climb down.  It’s officially a seller’s market in the south Okanagan! Homes sell faster and for more than what we would traditionally see in a buyers market.

real estate for sale in Penticton BC

Lyndi Cruickshank and Associates are here to help with buying and selling in Penticton

If the numbers sound too good to be true then please give me a call so we can chat. I would love the opportunity to talk about what we are seeing in the market as far as local selling trends are concerned. I also have a growing list of qualified property buyers who are searching for homes, condos, farms and more in Penticton! Talk to me today if you want to learn more about Penticton real estate – especially if you want to jump into this seller’s market!

 

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