South Okanagan: Summerland Homes sell for more than twice that of Penticton Homes!
Summerland Penticton Okanagan Real Estate Agent and Home Star Realty Owner Raymond MAASKE , reported today that of the 9 Single Family Sales this week (March 29, 2012) in Penticton and Summerland “Summerland has Penticton beat by over a two to one margin”.
In Summerland & Penticton Okanagan BC 17 new listings hit the market this week at an average list price of $411,283 and $626,995 respectively. “Although the list prices between Penticton and Summerland are huge it is interesting to note that the average cost per square foot (including land) is within one dollar ($258.05 and $259.19/Sqft)” says MAASKE
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On the SELL side, there were 9 sales: 4 in Summerland and 5 in Penticton. The average sale price of what sold in Summerland was $619,000 and Penticton it was less than half at $287,580. A few scenarios can be run to explain this dichotomy says MAASKE “from wealthy individuals buying based on heightened media attention to the depressed Okanagan Real Estate prices to Penticton drawing buyers focusing on entry price properties.”
Summerland Penticton Okanagan Real Estate Agent and Home Star Realty Owner Raymond MAASKE , has noticed a larger increase in Bank Sales and produces an Okanagan Foreclosure list focusing on Bank Sales in Penticton & Summerland BC.
Raymond MAASKE,BBA, CCC, ACRE, ATM-B
Summerland & Penticton, Okanagan, BC
Website: http://www.HomeStarRealty.ca
E-mail:raymond@HomeStarRealty.ca
Phone:250.488.8764
"Oh by the way... I'm never too busy for your referrals"
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