Cantering Along...
Posted on Jun 13, 2024
May 2024 Update
Sales in May for the Powell River residential real estate market were up slightly to 34 from 32 the previous month. Single family homes dropped off from 28 to 20 in May but the gap was filled in by 14 sales of condos and mobiles. There have been several new condo developments in the past few years so there is more variety including s...Room for Optimism
Posted on May 23, 2024
April 2024 Update
Building Momentum
Posted on Mar 13, 2024
No big spikes in the Powell River residential real estate market in the past six months but we’re seeing a gradual improvement in sales with 19 in February up from 14 in November and 16 last month. New listings have been sluggish as well with 30 in February and 38 in January, well down from the 50’s and 60’s we see when the market is moving well. T...
Get Ready!
Posted on Feb 16, 2024
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...
Good Time for Buyers!
Posted on Oct 20, 2023
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...
Steady as She Goes...
Posted on Sep 07, 2023
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...