"Uncertainty Flatline"
Posted on Mar 10, 2025
February UpdateSales in the Powell River residential real estate market fell into an unusual ‘middle of the road’ flat line in February for the fourth month in a row at 24 through the winter season. Instead of falling to a normal seasonal low, sales have been at the 24-25 level since November. I’m going to attribute this to the general economic unc...
Strong Finish...
Posted on Jan 30, 2025
December 2024 Update
Sales in the Powell River residential real estate market for December were quite good for this time of year at 24 sales, roughly equal to November this year at 25. That’s well ahead of last Nov/December’s pair of 14’s and a little ahead of most of the ‘winter’ lows in the past 5 years. January’s numbers will be interesting. Pred...Rain... or Shine?
Posted on Dec 13, 2024
November 2024 Update
Sales in the Powell River residential real estate market were up from October (21) to 25 in the month of November. Often, once the winter season decline starts sales continue to fall through January until the spring market. An uptick this past month suggests a bit of optimism supporting predictions that we’re in for a busier mar...
Active and Optimistic!
Posted on Oct 30, 2024
September 2024 Update
Sales in the Powell River residential real estate market took a nice jump in September to 30 which is on par with our best in the spring market months of April (32) and May (34) of this year. Inventory is high at 226 so there’s lots to choose from. Condos and mobiles were weak but single family homes at 27 were strong sellers....
...Still Cantering
Posted on Aug 16, 2024
July 2024 Update
Sales in the Powell River residential real estate market were reasonably lack-lustre in July at 19, down from an unexceptional peak of 34 in May and down from last July’s 28. It’s not a bad market but a little bit slow for what summer usually brings. With two interest rate drops and predictions for another in September, we may be in...
Cantering Along...
Posted on Jun 13, 2024
May 2024 Update
Sales in May for the Powell River residential real estate market were up slightly to 34 from 32 the previous month. Single family homes dropped off from 28 to 20 in May but the gap was filled in by 14 sales of condos and mobiles. There have been several new condo developments in the past few years so there is more variety including s...