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...

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...

February 2023 Update

‘Hesitancy’ is still the sentiment among buyers in the Powell River residential real estate market.  Sales fell off from 13 in January to 10 in February which was the third low month in a row.  The numbers are low but not way out of line for this time of year. There is quite a bit of busy-ness among buyers around the office though...