Cooling Breezes?

Posted on Jun 07, 2022

May ’22 Update

Sales in the Powell River residential real estate market were at 38 in May, up from April’s 31 and certainly on par with May’s production generally over the years.  Demand is still high so there’s every reason to expect sales to continue to be steady through the summer.  It seems unlikely that we’ll hit the peaks of 56 and 52 that we sa...

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Demand Still the Driver

Posted on May 10, 2022

April 2022 Update

Sales in the residential real estate market in Powell River fell off slightly in April at 31, down from 35 in March.  Even with reasonably strong sales the market stuttered slightly with a slight cooling off from the frenzied buying in the previous 2 months.  Rising interest rates, improving supply and possibly some buyer frustration...

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Still Going Strong!

Posted on Apr 08, 2022

March 2022 Market Update

The spring upward trend in sales continued in March at 35 in the Powell River residential real estate market.  Last year showed a quicker climb, peaking for the year in April at 51 (then June again at 52). Sales, driven by availability of properties to buy, were up due to a higher inventory this year with March, 2022 at 96 c...

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Insider's View

Posted on Mar 08, 2022

February in the Powell River residential real estate market has moved back firmly into a seller’s market once again.  Numerically, there were a couple of months this winter where we dipped into or actually hit a balanced market.  I think it was probably a winter slow down anomaly.  The demand continues to be very high and sales are dependent entirely...

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Voracious Demand!

Posted on Oct 20, 2021

September 2021 Update

Sales in the Powell River residential real estate market were up slightly at 27 in September from last month’s 24.  The past three months have been at about this level which is just over half the sales of the same period last year.  This year’s summer numbers are roughly on par with previous years but obviously well down from las...

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Running of the Bulls!

Posted on Mar 30, 2021

February 2021 Update

Sales in the Powell River real estate market popped up to 37 in February from 20 last month signalling the spring market coming early.  Demand is high and available homes are scarce which has created a market like none I’ve seen in the past eight years.  Single family homes almost always sell over list price in competing offers.  A...

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Bill Bailey

460 Realty

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

Phone: (604) 223-0811