Thursday, April 19, 2012

Summerland “a Giant” and Penticton an “over ripe peach”? - Weird Okanagan Real Estate Trend continues!

Summerland Penticton Okanagan Real Estate Agent and Home Star Realty Owner Raymond MAASKE , reported today that of the Single Family Sales this week (April 19,2012) in Penticton and Summerland  are ‘bizarre’ as Summerland continues to outperform compared to its neighbor – Penticton BC.

In Summerland & Penticton Okanagan BC the new SOLDS hit the market this week at an average list price of $402,757 and $298,471 respectively while the selling price was $378,714 and $289,375 respectively.  “This week home sales are outpacing Penticton -(three times the population of Summerland BC)” says MAASKE

On the LISTING side, the average list price of what was listed in Summerland and Penticton was $775,600 and $487,360 respectively.   A few scenarios can be run to explain this dichotomy says MAASKE “ some people have waited for the market to improve and perhaps this is as good as they think it may get in the short term.”  But why Summerland and nowhere else?

Summerland Penticton Okanagan Real Estate Agent and Home Star Realty Owner Raymond MAASKE , has noticed a larger increase in Bank Sales in Penticton and produces an Okanagan Foreclosure list focusing on Bank Sales in Penticton & Summerland Okanagan 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

   Face book Raymond Maaske Home Star Realty icon Raymond MAASKE Home Star Realty Summerland & Penticton Okanagan BC Real Estate Raymond MAASKE Home Star Realty Summerland & Penticton Okanagan BC Real Estate Raymond MAASKE Home Star Realty Summerland & Penticton Okanagan BC Real Estate Raymond MAASKE Home Star Realty Summerland & Penticton Okanagan BC Real Estate Raymond MAASKE Home Star Realty Summerland & Penticton Okanagan BC Real Estate

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