Penticton Real Estate - Lakeside Houses
With over 50% of its population between the ages of 35 to 70 years old, the property market is lively with approximately 20,000 private homes, 13,000 of those owner occupied. Every type of property is available in the Penticton area, from lakeside ranch spreads to small down town condos and medium sized family houses. Typical average costs are hard to tie down, because of the great variety of property on the market, and also, in certain areas, developers buying housing to convert into rental properties to take advantage of tourist dollars. Canadian real estate experts tell those seeking budget homes that the $150,000 condo can still be found in the area, and as the housing boom in the area shows no signs of slowing, buying property in Penticton is a very good investment, right now. Average prices for detached dwellings in March were $374,960, with condos fetching $229,918. Townhouses were close to condos in price, costing $269,943 and luxury homes $750,000 and up.
