Cooling Breezes?
Posted on Jun 07, 2022
May ’22 Update
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...
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...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...
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...
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...