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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Trending Down

Posted on Aug 15, 2022

July 2022 Update
Sales fell off sharply again in July in the Powell River residential real estate market.  The hesitation on the part of buyers that began in earnest in June continues with buyers wondering if prices will continue to fall off and how quickly.  We saw new listings continue to rise at a good pace as well as giving buyers hope that the ri...

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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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Bill Bailey

460 Realty

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

Phone: (604) 223-0811