December real estate sales in Powell River surpass previous year

Purchases were stronger in condos, apartments, duplexes and vacant land

While Powell River single family dwelling sales were down, condos, apartments and duplexes were up, and December 2019 sales figures exceeded those of the previous year.

In December 2019, there were 17 single family units sold for a total of $5,917,300, compared to 17 units in December 2018, valued at $6,557,400.

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Comparing single family mobiles, there was one unit sold in December 2019, valued at $81,500, compared to two units in December 2018, valued at $110,900.

For condos, apartments and duplexes, there were five units sold in December 2019, valued at $1,693,900, compared to three units in December 2018, valued at $569,000.

In terms of monthly totals, in December 2019, there were 23 residential units sold, valued at $7,692,700, compared to 22 units in December 2018, valued at $7,237,300.

In December 2019, there were 16 new listings, compared to 18 in December 2018.

Listings for the end of December show 73 single family homes, five mobiles and 25 condos, apartments and duplexes, for 103 listings in total.

In the non-residential category, there were two parcels of vacant land, valued at $1,180,000, sold in December 2019, compared to one sale in December 2018, valued at $89,000.

Total sales for December 2019 amounted to $8,872,700, compared to $7,326,300 in 2018.

Average selling price for a single family home in December shows a drop in value. In 2019, the average value was $348,076, compared to $385,729 in 2018, for a 9.8 per cent change. Average days on the market in 2019 was 71, compared to 99 in 2018.

“Following a quiet November, home sales rebounded in December to finish the year on a strong note,” said Neil Frost, president of the Powell River Sunshine Coast Real Estate Board. “Despite a tight balance between supply and demand, the average home price was little changed in 2019 compared to 2018 following a number of years of sizable gains.”

In terms of year-end statistics for 2019, there were 229 single family homes sold, valued at $92,541,600. For mobiles, there were 16 units sold, valued at $2,380,500.

In the category of condo, apartment and duplexes, there were 77 units sold, valued at $21,836,004. Total residential sales were 322 units, valued at $116,758,104.

In the non-residential category, total sales were 33 units, valued at $5,673,400.

Total sales for all categories for 2019 were 359 units, valued at $122,431,504.

Powell River Sunshine Coast Real Estate Board is a regional professional association representing 33 realtors in southwest BC. The board serves Powell River from Saltery Bay to Lund, Texada Island, Savary Island and the North Coast up to Desolation Sound.

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