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...

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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...

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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...

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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...

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Slower, and Uncertain

Posted on Jul 12, 2023

There was a small uptick to 31 sales from 27 in May in the Powell River residential real estate market this past month.  The market is generally slower than usual this summer due mainly to the rising interest rates which put a purchase out of reach for some and uncertainty about where prices are going for others. Demand is still strong and we are se...

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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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Bill Bailey

460 Realty

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

Phone: (604) 223-0811