Jan 2023 Update

We’re in the annual winter ‘bottom out’ for sales in the Powell River residential real estate market with 12 sales in January following 11 in December.  It’s pretty normal with only the depth and length of the bottom varying from year to year. This year is lower than recent years but similar to 2019 at 11 and 14.  Prices have dropped...

It was pretty slow in the Powell River residential real estate market with sales at 11 in December compared with 32 and 28 the last two years.  As a seasonal low, it’s not the lowest, but among them.  New listings were at 19 which is lower than last year at 25 but reasonably comparable to other Decembers.  People have their minds on other things in De...

Winter doldrums and a slowing market showed in the November stats for the Powell River residential real estate market with 17 sales, down from 30 in October. It’s not a record, but certainly slower than usual for November.  At 28 new listings, we’re down from 44 in October but pretty much on par for Novembers in the past several years.  Total listing...