Seasonally Slow...
Posted on Mar 09, 2026
February 2026 Update
Sales in the Powell River residential real estate market remained seasonally slow at 15, just one up from last month and down from last February’s 24. We’re still in the usual ‘winter dip’, the depth of which varies from year to year. On the ground, buyer activity appears to be up and with a good supply of listings in total at 1...Tentative...
Posted on Feb 23, 2026
January 2026 Update
Sales in the Powell River residential real estate market have made a tentative start to the year with 14 in January compared with last year’s 24. It’s early days and mortgage broker friends say they’re busy with pre-approvals which should be an indicator that buyers are readying themselves to jump in. Inventory is still quite goo...Positive Sign?
Posted on May 13, 2025
April 2025 Update
Sales in the Powell River residential real estate market jumped to 37 in April from 19 in March breaking a bit of an early spring slump. It speaks of the demand and time of year rather than any significant change in certainty in the market and economy generally. New listings were still solid at 67 (72 in March) making for a still h...
Stalling...
Posted on Apr 10, 2025
March 2025 Update
Sales fell off in the Powell River residential real estate market in March with 19 sales compared with 24 in February and 27 a year ago. This is not what we would normally expect in March with interest rates having come down 2.25% in 6 months and a ‘housing shortage’. There are lots of homes available with new listings climbing by...
"Uncertainty Flatline"
Posted on Mar 10, 2025
February UpdateSales in the Powell River residential real estate market fell into an unusual ‘middle of the road’ flat line in February for the fourth month in a row at 24 through the winter season. Instead of falling to a normal seasonal low, sales have been at the 24-25 level since November. I’m going to attribute this to the general economic unc...
Strong Finish...
Posted on Jan 30, 2025
December 2024 Update
Sales in the Powell River residential real estate market for December were quite good for this time of year at 24 sales, roughly equal to November this year at 25. That’s well ahead of last Nov/December’s pair of 14’s and a little ahead of most of the ‘winter’ lows in the past 5 years. January’s numbers will be interesting. Pred...