Get Ready!
Posted on Feb 16, 2024
January 2024 Update
January saw a small uptick in sales in the Powell River residential real estate market from 14 in both November and December to 16. Generally, we don’t expect a strong month in January but the slight improvement in sales and more ‘activity’ during the day suggests that we’ll see a stronger spring market. The larger centers are se...
Good Time for Buyers!
Posted on Oct 20, 2023
September sales in the Powell River real estate market were down from August (29) to 20. New listings were also down at 28 from 59 in August. Overall inventory stands at 157, down from August’s 173. It’s slower! The numbers are showing a buyer’s market after four months of balanced market. With inflation back up in August and continued uncertainty...
Steady as She Goes...
Posted on Sep 07, 2023
August in the Powell River residential real estate market was pretty much a clone of July with 29 sales, up from 28 and 59 new listings, up from 58. These numbers are ‘reasonably average’ for this time of year. The hot markets were higher but over time these numbers fit in well. With no interest rate change this month, it feels like we can expect S...
Slower, and Uncertain
Posted on Jul 12, 2023
There was a small uptick to 31 sales from 27 in May in the Powell River residential real estate market this past month. The market is generally slower than usual this summer due mainly to the rising interest rates which put a purchase out of reach for some and uncertainty about where prices are going for others. Demand is still strong and we are se...
Hesitancy!
Posted on Mar 13, 2023
February 2023 Update
Waking Up??
Posted on Feb 08, 2023
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...