Blog

Hesitancy!

Posted on Mar 13, 2023



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...

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Waking Up??

Posted on Feb 08, 2023


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...

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Sloooowwww...

Posted on Feb 03, 2023



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...

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Putting on the Brakes!

Posted on Feb 03, 2023


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...

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Buyers' Market!

Posted on Oct 14, 2022


October ’22 Update

Sales in the Powell River residential real estate market dropped off to 19 in September from a healthy 35 in August.  Nineteen is fairly typical for winter months but a bit low for what is usually an upbeat fall market.  Interest rate rises and anticipation of them have dampened sales this year.  Buyer interest is still there but we...

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A Puff of Wind...

Posted on Sep 08, 2022


August 2022 Update

After a slow July, sales in the Powell River residential real estate market jumped from 19 to 35 this month, roughly the same as this time last year.  It was feeling like we were heading into a nice ‘Fall market’ however the recent increase in BoC interest rates by 0.75% may squash that momentum as it did in July with a similar ann...

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Bill Bailey

460 Realty

118 - 4801 Joyce Ave,   Powell River,  BC   V8A 3B7 

Phone: (604) 223-0811

bbailey@460realty.com