Sales in the Powell River residential real estate market were at 38 in May, up from April’s 31 and certainly on par with May’s production generally over the years.  Demand is still high so there’s every reason to expect sales to continue to be steady through the summer.  It seems unlikely that we’ll hit the peaks of 56 and 52 that we sa...

April 2022 Update

Sales in the residential real estate market in Powell River fell off slightly in April at 31, down from 35 in March.  Even with reasonably strong sales the market stuttered slightly with a slight cooling off from the frenzied buying in the previous 2 months.  Rising interest rates, improving supply and possibly some buyer frustration...