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
Demand Still the Driver
Posted on May 10, 2022
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...
Still Going Strong!
Posted on Apr 08, 2022
March 2022 Market Update
The spring upward trend in sales continued in March at 35 in the Powell River residential real estate market. Last year showed a quicker climb, peaking for the year in April at 51 (then June again at 52). Sales, driven by availability of properties to buy, were up due to a higher inventory this year with March, 2022 at 96 c...Insider's View
Posted on Mar 08, 2022
February in the Powell River residential real estate market has moved back firmly into a seller’s market once again. Numerically, there were a couple of months this winter where we dipped into or actually hit a balanced market. I think it was probably a winter slow down anomaly. The demand continues to be very high and sales are dependent entirely...