A Rising Tide Floats All Boats

October Update…

DSC05701 - Version 2In the Powell River real estate market, we had the strongest October in sales at 51 since I started charting the monthly data in 2013. It’s the third strongest month in that period overall. At the same time, the inventory of homes for sale was the fewest since 2013 which has created the strongest sellers’ market in almost 5 years and possibly before that. It may be ...

Read More →
0

Fall Market Kicks into Gear

September Update…

UnknownThe Powell River real estate market saw an upswing in both sales and new listings over August which is a fairly common signal that the Fall market has begun. Prices have been increasing since the beginning of the year although the rate of increase tapered off a bit over the summer. This Fall market should give an indication if the market is cooling off a bit. There are still lots of buyers ...

Read More →
0

Market Value…

May Update

UnknownResidential sales in the Powell River real estate market continue to be steady at 36 for May though that’s fewer than last May’s 63 which was the high for the year.  The shortage of inventory for the past 6 months or so has created a very competitive climate for buyers who generally have to act very quickly to have a chance at buying a home.  Pressure on prices continues upward making it ...

Read More →
0

Get Exposed?

April Update…

imagesSales in the Powell River residential real estate market in April continued to build at 36, up from 33 in March but still under last April’s sales of 47.  Last year, May was the high point for sales at 63.  We may not hit those heights this year, but the market continues to be strong with quick sales and regular competition for some homes.  New listings continue to be needed which is ...

Read More →
0

Gearing Up for Spring!

images-6In the Powell River residential real estate market, March showed a nice upswing in both sales and new listings signaling the beginning of the spring market.  Sales were up to 33 from February’s 19 and we saw 43 new listings in April, up from 33 in March.  The numbers still show a strong seller’s market which has been the trend for most of the past year.  People from the Lower Mainland and other ...

Read More →
0

New High Water Mark!

UnknownFebruary Update…

Residential sales in the Powell River real estate market in February continued to be sluggish with 19 sales which is not unexpected at this time of year.  Last year, April was the month when things really took off with some improvement in March.  The promising news is that we’re seeing a nice uptick in new listings with 26 and 33 in January and February.  This much-needed increase in inventory will be a welcome ...

Read More →
0

Signs of Life!

January Update…

images-3January saw a small increase in residential sales at 22 over last month (19) suggesting that the winter real estate hibernation in Powell River may be ending even if the weather shows no sign of it!  We’re seeing lots of buyer interest in the area and well-priced, well-kept homes continue to sell quickly.  Inventory of homes for sale is still low at 87 in January compared with 131 a year ago and a high of 240 ...

Read More →
0

2016 By the Numbers

sales-by-areaSales in the Powell River Real Estate Market continued the seasonal slow down with 19 residential sales in December compared with 31 in November and 24 last December (2015). New listings for the month at 18 were the fewest in 2 years which fits with the overall pattern this year.  Average monthly new listings were down 34% from last year which yields a lower supply and along with the continued demand it maintains ...

Read More →
0

Seasonal Slowdown…

Festivities to Follow

Residential sales for November in the Powell River real estate market were at 31 which isunknown-4 up from October at 22.  Sales this fall are down from last year this time, but sales over the year to date are up 11%.  It continues to be a seller’s market with fewer listings to choose from and eager buyers watching.  Generally, listings are selling more quickly with an average number of days on ...

Read More →
0

Mortgage Matters

unknownThe recent rainy weather caused a bit of a waterfall in the Powell River real estate market in October.  The 22 sales were almost half of those in September at 42. There have been almost as many explanations as there were sales: The Vancouver market has cooled off considerably? The recent new mortgage rules have reduced the number of buyers? An early start to the seasonal slow-down?  All of these may have played ...

Read More →
0
Page 1 of 5 12345