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New property listed in Penticton

I have listed a new property at 118 3030 South Main Street in Penticton. See details here

Contingent - Great oppoutunity to own this 1714 sqft end unit 3 bed, 3 bath townhouse in a great location close to schools, shopping, next to South Main Market and a few blocks from the Skaha Lake! Situated at the back Southeast corner of the complex with a great private walkway to the backyard, new patio and 6'x4' storage shed. Updates over the years include paint, hardwood flooring, kitchen cabinets (refinished), appliances, corian counter tops, new light fixtures and ceiling fans, baseboard heaters, HWT (2024) and more. The 3 bedrooms and 4pce washroom are upstairs and the primary bedroom is large enough for a king sized bed & end tables with a nice view of the sage-covered hillside behind the property. The basement has been finished and contains the laundry, 3rd washroom and large Rec room! Minimal restrictions in this well run self managed strata. Pet friendly and no age restrictions. $300/mo. Call for a info package or to book your viewing today! (id:2493)

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New property listed in Naramata

I have listed a new property at 14 650 Ellis Avenue in Naramata. See details here

Immaculate townhome minutes to parks, school and beaches in the heart of Naramata Village. Ideal for couples or families with over 2000 finished sq ft, including family/theatre room in basement, 2+ bdrms and 3 bathrooms, den and convenient laundry on second level. Open concept main floor with feature gas fireplace, newer flooring and paint, eating bar and more. Above you will find a spacious master bdrm with walkin closet and 3 pce bath, den/office, 4 piece bath, laundry and guest bdrm. Family room and single garage have custom cabinetry, plus large storage room in basement for sports equipment, canning and wine. Workshop and central vacuum included. Patio off dining room has gas barbeque hookup and is close to the complex playground. Private south facing end unit overlooking wooded area. Very affordable strata fees, 1 cat and 1 dog, additional off street parking, no short term rentals. Don’t miss this opportunity to become part of this unique south Okanagan community. (id:2493)

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South Okanagan Real Estate Statistics November 2024

We cant believe 2024 is near over!  With that said November 2024 is in the books and here’s how things are shaping up for South Okanagan Real Estate. 

Residential Sales (all property types) this November 2024 saw an uptick in activity which is great to see and undoubtedly due to interest rate drops and price adjustments since August of 2023. The South Okanagan Region saw $68.4 Million in November in 121 sales which is an increase of 61.3% year over year.  Inventory is still higher than what we are used to seeing at 10 months of inventory and 1192 active listings. (Image below)

Single Family Homes in the South Okanagan saw increases in Sales as well, by an outsanding 74% and 54 units while we had slight decreases in Benchmark values and Days on market at 8%. (Image Below)

Townhouse properties in the South Okanagan saw increases in Sales(75%), Inventory(5%) and Days on market(25%) and decreases in Benchmark Value at 3%. (Image Below)

Similarily to the townhouse stats, Condo and Aprtments in the South Okanagan also saw increases in Sales(57%), Inventory(43%) and Days on market(134%) with a decrease in Benchmark Value at 9%.

With some of the recent interest rate changes, buyers are back and feeling far more comfortable again which will absolutely create both upward presure on home values and bring inventory levels down.  We will keep you all posted right here in our blog and as always, dont hesitate to reach out if you have any questions about your buying/selling journey or need to know more about your properties value in todays market!

Jean and Shelly

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December Events in Penticton

No matter the time of year, there is always something happening in Penticton. Home to over 30 annual major events and festivals, there is a variety to experience from cultural showcase, world-class sporting events, beer and wine festivals, live entertainment, seasonal fairs and markets, and so much more. Check out the events this December in the link below.

https://www.visitpenticton.com/event/

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