February 2023 Update

‘Hesitancy’ is still the sentiment among buyers in the Powell River residential real estate market.  Sales fell off from 13 in January to 10 in February which was the third low month in a row.  The numbers are low but not way out of line for this time of year. There is quite a bit of busy-ness among buyers around the office though...

Jan 2023 Update

We’re in the annual winter ‘bottom out’ for sales in the Powell River residential real estate market with 12 sales in January following 11 in December.  It’s pretty normal with only the depth and length of the bottom varying from year to year. This year is lower than recent years but similar to 2019 at 11 and 14.  Prices have dropped...

It was pretty slow in the Powell River residential real estate market with sales at 11 in December compared with 32 and 28 the last two years.  As a seasonal low, it’s not the lowest, but among them.  New listings were at 19 which is lower than last year at 25 but reasonably comparable to other Decembers.  People have their minds on other things in De...