Single Story For Sale in Penticton Main North, Penticton

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Located only steps to Okanagan Lake

•  866 sqft , 1 bath , 1 bdrm single story – FOR SALE  CAD359,100 . one of Penticton’s newest luxury condo
MLS® 179231

Introducing Ellis One-one of Penticton’s newest luxury condo developments, located only steps to Okanagan Lake, downtown Penticton and a short drive to wineries on the Naramata Bench. This high-quality concrete and wood construction building features 48 units boasting tasteful and high quality finishings including custom kitchens with quartz countertops and stainless-steel appliances with a gas range and a bright and open concept. This beautiful east-facing lake-view unit is a 866sqft 1bd, 1ba suite with a 146sqft deck with gas BBQ hookup, a large storage locker and one parking stall. The building also has a large amenity room. Ellis one is your chance to be in the heart of fabulous downtown Penticton without having to compromise on quality and comfort. Over 37% of units were sold before even hitting the public market! The BC Speculation Tax is not applicable in Penticton so all the more reason to purchase your vacation home in the South Okanagan!

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Townhouse For Sale in Main Town, Summerland

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Enjoy the afternoon sun and the views of the hills

•  990 sqft , 2 bath , 2 bdrm townhouse – FOR SALE  CAD249,900 . Level entry 2 bedroom townhome MLS® 178236

Level entry 2 bedroom townhome at Quinpool Patio Homes. Enjoy the afternoon sun and the views of the hills from the covered West facing deck and gardens at the front. This home features a spacious living area open to the kitchen and dining area. The large master bedroom has a two piece ensuite and the second bedroom has a murphy bed. Plenty of storage in this home and a lot of natural light with the two skylights. A bonus is the partially unfinished basement which is perfect for the handyman plus additional storage space in the attached crawl space. This home also features a single carport. 55+, pet upon strata approval.

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Single Story For Sale in Main Town, Summerland

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Located on a cul-de-sac on a quiet street

•  827 sqft , 1 bath , 2 bdrm single story – FOR SALE  CAD350,000 . Great value
MLS® 177883

Great value for the first time home buyer or as an investment property. Located on a cul-de-sac on a quiet street this 2 Bed/1 Bath home has loads of potential. Private back yard and duplex zoned. Call today for more information!

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2 Storey For Sale in Main South, Penticton

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walk to the beach and shopping centres.

•  1940 sqft , 3 bath , 4 bdrm 2 storey – FOR SALE  CAD539,900 . Nicely renovated family home MLS® 178974

Nicely renovated family home at the South end of Penticton. Walk to the beach and shopping centres. Home features 4 bedrooms up. Master has 3 pc ensuite. Main floor has huge kitchen with great functionality with the eating area leading into the spacious private backyard. Backyard has above ground pool, large and smaller storage sheds. Perfect home for the family and entertaining. Middle and high school nearby. Call today to view!

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BC Home Sales on the Rise in May

Vancouver, BC  June 14, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 8,221 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, a decline of 7 per cent from the same month last year. The average MLS® residential price in the province was $707,829, a decline of 4.3 per cent from May 2018. Total sales dollar volume was $5.8 billion, an 11 per cent decline from the same month last year.

BC home sales increased 9 per cent in May compared to April, on a seasonally adjusted basis, said BCREA Chief Economist Cameron Muir. However, consumers continue to struggle with the negative shock to affordability that stringent mortgage lending policies have created?

Total MLS® residential active listings were up 23.2 per cent to 41,519 units compared to the same month last year. However, total active listings were down 2 per cent from April, on a seasonally adjusted basis, the first monthly decline since the B20 Stress test was introduced in January 2018.

Year-to-date, BC residential sales dollar volume was down 25.1 per cent to $19.8 billion, compared with the same period in 2018. Residential unit sales decreased 20.2 per cent to 28,711 units, while the average MLS® residential price was down 6.2 per cent to $688,339.

Breaking: Sellers rejoice

The Toronto Real Estate Board says the market is shifting to favour sellers as the number of home sales jumped in May and the number of listings barely budged.

It says there were 9,989 sales in May, up 18.9 per cent from the 15-year low for the month hit last year, while listings grew by only 0.8 per cent to 19,386.

The tightening market helped lead to a 3.6 per cent increase in the average selling price year-over-year to $838,540, compared with a 1.9 per cent increase in April and 0.5 per cent for March.

TREB president Garry Bhaura says that while the market is improving after a sluggish start to the year, sales activity is still below the longer-term norm.

The board says the single-digit price increases are largely sustainable, but if listings continue to lag it could accelerate price growth.

It says many households aren’t listing their homes because they don’t feel there are housing options available to better meet their needs.