January 2024 Update

January saw a small uptick in sales in the Powell River residential real estate market from 14 in both November and December to 16. Generally, we don’t expect a strong month in January but the slight improvement in sales and more ‘activity’ during the day suggests that we’ll see a stronger spring market.  The larger centers are se...

September sales in the Powell River real estate market were down from August (29) to 20.  New listings were also down at 28 from 59 in August.  Overall inventory stands at 157, down from August’s 173.  It’s slower!  The numbers are showing a buyer’s market after four months of balanced market.  With inflation back up in August and continued uncertainty...

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...