Sloooowwww...
Posted on Feb 03, 2023
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...
Putting on the Brakes!
Posted on Feb 03, 2023
Winter doldrums and a slowing market showed in the November stats for the Powell River residential real estate market with 17 sales, down from 30 in October. It’s not a record, but certainly slower than usual for November. At 28 new listings, we’re down from 44 in October but pretty much on par for Novembers in the past several years. Total listing...
Buyers' Market!
Posted on Oct 14, 2022
October ’22 Update
Sales in the Powell River residential real estate market dropped off to 19 in September from a healthy 35 in August. Nineteen is fairly typical for winter months but a bit low for what is usually an upbeat fall market. Interest rate rises and anticipation of them have dampened sales this year. Buyer interest is still there but we...
A Puff of Wind...
Posted on Sep 08, 2022
August 2022 Update
After a slow July, sales in the Powell River residential real estate market jumped from 19 to 35 this month, roughly the same as this time last year. It was feeling like we were heading into a nice ‘Fall market’ however the recent increase in BoC interest rates by 0.75% may squash that momentum as it did in July with a similar ann...
Trending Down
Posted on Aug 15, 2022
July 2022 Update
Sales fell off sharply again in July in the Powell River residential real estate market. The hesitation on the part of buyers that began in earnest in June continues with buyers wondering if prices will continue to fall off and how quickly. We saw new listings continue to rise at a good pace as well as giving buyers hope that the ri...
Cooling Breezes?
Posted on Jun 07, 2022
May ’22 Update