Voracious Demand!
Posted on Oct 20, 2021
September 2021 Update
Sales in the Powell River residential real estate market were up slightly at 27 in September from last month’s 24. The past three months have been at about this level which is just over half the sales of the same period last year. This year’s summer numbers are roughly on par with previous years but obviously well down from las...
Running of the Bulls!
Posted on Mar 30, 2021
February 2021 Update
Sales in the Powell River real estate market popped up to 37 in February from 20 last month signalling the spring market coming early. Demand is high and available homes are scarce which has created a market like none I’ve seen in the past eight years. Single family homes almost always sell over list price in competing offers. A...
Rural Real Estate on Fire!!
Posted on Feb 23, 2021
January ’21 Update
January sales fell off from 32 in December to 20 which follows the downward trend in available homes for sale in the Powell River residential real estate market. At 59 residential properties for sale, inventory in January was at the lowest I’ve seen in the seven years I’ve been keeping track. However, January also showed a nice bo...
No Stock?
Posted on Dec 21, 2020
Who’s Buying?
This past year 50% of our residential buyers were from the Lower Mainland area, up a bit from previous years whereas sales to those from the out of province are down a bit. About 65% purchased a principle residence whereas others purchased for investment or recreation. About 12% purchased their first home while roughly 10% retired to P...
Winter Doldrums
Posted on Feb 07, 2020
January, 2020 Update
Sales for January were slow at 11 after a bit of a bump in December to 23 in the Powell River residential real estate market. Time of year, limited inventory and dismal weather probably account for lower interest. However, we saw a nice rise in new listings to 43 in January from 16 in December which should push sales up for Febr...
Coastal Breezes
Posted on Nov 18, 2019
October Update
There was still solid interest in the Powell River residential real estate market in October with 27 sales, up a little from September at 23 and down from last October’s 31. As I often say, well-priced, well-kept homes sell quickly indicating that there are buyers ready to grab the ones that suit their needs. Prices seem to be holding...