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Vacant land sales up in region
Real estate figures show slight drop in overall transactions
PAUL GALINSKI reporter@prpeak.com
Real estate sales in August 2024 were down slightly from the sales figures from August of the previous year.
Powell RiverSunshine Coast Real Estate Board president Curtis Yungen said in month-to-month comparisons, while the 24 residential sales in August 2024 were down from the previous year, it was the same number of sales as in July 2024.
Yungen said lot sales were up during the month this year and in the previous year in the month of August,
in August 2024, there were 18 sales totalling $10,592,799, compared to 20 sales adding up to $13,281,150 in August 2023.
Mobile and manufactured homes sales
ments and duplexes category, there were three sales in August 2024, amounting to $1,204,900, compared to six sales, totalling $2,422,900, in August 2023.
Residential total sales for August 2024 were 24, valued at $12,702,900, compared to 29 in August 2023, totalling $16,521,050.
In nonresidential sales, there were seven parcels of vacant land sold in August 2024, valued at $1,510,000, compared to eight sales in August 2023, valued at $1,678,000. The grand total of res
in August 2024.
Average selling price in August 2024 was $588,489, with properties on the market for an average of 58 days. Average selling price in August 2023 was $664,058, with an average of 74 days on the market.
There were 59 new residential listings and 12 nonresidential listings in August 2024, for a total of 71 new listings. There were 224 active residential listings and 86 nonresidential listings in August 2024, for a total of 310 total listings at the end of that month.
“It’s no cause for alarm,” said Yungen. “If you look at the median price, we are only down 3.2 per cent.”
Yungen said yearto-date, overall, single-family home listings are up 16.29 per cent from 2023. He added that overall, the
date, with a single-family home in 2024 down 7.23 per cent compared to 2023.
“Asking price is approximately the same, being down only 1.37 per cent year-todate,” said Yungen.
“In the words of the Canadian Real Estate
11 AM - 2 PM
Curtis Yungen President, Powell River Sunshine Coast Real Estate Board
Ron Blueberry Commons Farm Cooperative
EAST POINT ISLAND AGNEW PASSAGE - SUNSHINE COAST
Your own 3.9 acre private off the grid ecoisland in the heart of BC’s
CUSTOM RURAL HOME WITH SHOP PENROSE BAY - OKEOVER INLET
Nestled among the trees on the upper Sunshine Coast and surrounded by recreation. 3,021 sq. ft. 4 bedroom home and detached shop with suite above. Connected to community water and sewer. Mature landscaping and a short walk to the beach or a 10 minute drive to the government wharf. $749,000
3.55 acre rural property. 12,314 sq. ft. light industrial building accommodating a wide range of uses. 20 ft ceilings, 3 roll up doors, leveling deck, 400 amp single phase & 100 amp 3-phase power, 15 gpm drilled well, approved septic & 1,105 sq. ft. of office space. 364 ft of road frontage with a gated paved driveway & parking lot. NOW $1,200,000
140 ACRE OCEANFRONT BRAMHAM ISLAND
wetlands and old growth forests, ideal for outdoor exploration. Accessible from Port Hardy by boat or float plane. Surrounded by Crown land, providing an unparalleled wilderness experience. NOW $1,495,000
boat / RV Storage, boat service yard and more. $9,985,000
7 acre ocean view lot located at the gateway to Desolation Sound, just minutes to Lund on the Sunshine Coast. Road accessible with power available. No building permit process required. Exclusive use to 30,000 sq. ft. beach club area. $499,000
5 acre panoramic ocean view lot located at the gateway to Desolation Sound, just minutes to Lund on the Sunshine Coast. Road accessible with power available. No building permit process required. Exclusive use to 30,000 sq. ft. beach club area. $589,000
ocean, with 2,400 sq. ft. home. Includes new 2,500 sq. ft. structure near lockup stage, ideal for workshop, guest accommodation or studio, plus a workshop, power shed and wood shed. NOW $899,000
7 acre wilderness lot located at the gateway to Desolation Sound, minutes to Lund on Sunshine Coast. Road accessible with power available. Up to 5 dwellings permitted subject to MOH approval. Exclusive use to 30,000 sq. ft. beach club area. $429,000 BASECAMP DESOLATION SOUND STRATA LOT 25 WILDERNESS
PRIVATE FLOATING LODGE HOLE IN THE WALL - TLUPANA INLET
Turnkey private floating fishing lodge in Hole in the Wall, Nootka Sound, near Critter Cove, West Coast of Vancouver Island, one of BC’s best fishing areas. Well maintained, fully equipped, furnished and ready to go. Jump in your boat and go fishing. NOW $789,000 14
Southwest facing 9.82 acre high bank oceanfront property in the Southern Gulf Islands, just off Galiano Island. Drilled well, power on site and approved septic field installed. Shared dock and landing site in Montague Harbour. NOW $325,000
Oceanfront property with custom 3 bedroom, 2 bathroom home, separate studio / guest cabin. Private marina, moorage at your doorstep. Road accessible with services. Ideally situated in the Southern Gulf Islands with easy access to Vancouver Island. $1,250,000
HOME AND DOCK JERVIS INLET - HARDY ISLAND
FIVE THINGS TO KNOW ABOUT 460 REALTY
Opened in Nanaimo in 2013, the popular Independent brokerage has quickly grown to include offices in Ucluelet/ Tofino, Ladysmith, Qualicum, North Island, Campbell River and Powell River.
A local BC company, family owned and operated by Scott and Randy Forbes.
Our Name came from the Location - Vancouver Island is 460 kilometers long
460 Realty in Powell River has 10 full-time agents, in-house marketing, full-time office manager, property management and an in-house mortgage broker!
The Powell River office opened in 2021 with FOUR agents and has grown to 10 Realtors who put community first through volunteering, sponsoring local events and raising funds for important causes like Cops for Cancer, Firefighter’s Feed The Kids Program and the Salvation Army, PR Salmon Society, Otago Rugby Club, Myrtle Point Golf Club, Texada Dragon Boat, PR Minor Hockey Association, Kings, PR Gymnastics, Minor Baseball, just to name a few.
Family Home on 1/2 an Acre!
4 Bedrooms, 2 Bathrooms
$599,000
Mobile Home in 55+ Park!
2 Bedrooms, 2 Bathrooms
$325,000
Apartment Building! Investor Alert!
Ocean View! Four 3 bedroom Units
+ One Studio Unit
$1,350,000
8116 EMMONDS ROAD
$1,393,500 | MLS®18110
Natural yet sophisticated, this stunning south facing home is designed with low maintenance & sustainability in mind. Warm hydronic heated cork floors span an open-concept design. Lanai folding doors make walls disappear & invite nature in. 2,000 sq feet of Trex decks offer forest, mountain & ocean views. Beach front experience without the expense or maintenance by just walking a few feet. Effortless oceanfront living awaits.
4129 HIGHWAY 101
$1,799,000 | MLS®18071
Experience coastal luxury at its finest with this private oceanfront retreat nestled on a scenic 1.52acre freehold property on Southview Beach. This 4-bedroom, 4-bath residence boasts a versatile layout, including a one-bedroom suite below, ideal for in-laws, or as a B&B for extra income. Upstairs, discover a perfect bright space for a home office, artist’s studio, or recreation room, complete with an additional bedroom and bathroom.
8863 STARK ROAD
$1,799,000 | MLS®00000
House, Shop, Cottage, Gardens this place has it all. Custom-built home boasts breathtaking southfacing views that will leave you in awe. Designed by the renowned PR Woodworks, the kitchen is a masterpiece, offering both functionality and elegance. Renovated to perfection in 2013, this home exudes warm modern charm while maintaining its coastal allure. Plus, a 1 bed/bath waterfront cottage named Whalerock AirBnB.
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LOVE WHERE YOU LIVE! Just steps from Marine Ave, the harbour and Beach Walk and within earshot of the Salish Sea, this beautifully updated Westview home offers the style and functionality you’ve been looking for, in an area you’ve been waiting to move to.
6883 HAMMOND STREET $749,900 MLS®18164
Listed by Josh Statham - 460 Realty
2108 MAHOOD ROAD $1,899,900 MLS®18381
Listed by Josh Statham - 460 Realty
Listed by Josh Statham - 460 Realty
STYLE & VIEW on MARINE. This semi-waterfront home exudes mid-century modern style, with truly breathtaking ocean views on a private 1/3 acre lot. Vaulted ceilings with exposed beams and tongue and groove wood create an elegant living space enjoying natural light and everchanging vistas of the Salish Sea.
3998 MARINE AVENUE $1,150,000 MLS®18239
Listed by Josh Statham - 460 Realty
BIG NEWS!
Josh Statham is now giving even MORE back to benefit his clients! To maximize the value of your real estate experience, Josh is offering higher buyer agent remuneration—ensuring you get the best results when you sell with Josh. With a commitment to going the extra mile, Josh’s expertise and dedication to his clients are stronger than ever.
Contact Josh today to see how his new approach can benefit YOU!
PROFESSIONAL PHOTOGRAPHY VIRTUAL TOURS FLOOR PLANS AND MORE ...
4810 SANDERSON ROAD $1,165,000
Beachfront living is the ultimate luxury. The sound of the waves, watching the sea life, the south facing sunsets. Boasting a prime ocean-front location in a quiet neighbourhood not far from gillies bay store, this home is ideal for those seeking both tranquillity and fine craftsmanship. Custom built in 2010, this home had every detail considered and offers spacious interiors of alder flooring, new zealand carpets, a food-lover’s kitchen and pantry by columbia cabinets in sechelt with top quality granite counter-tops completing the ultimate in both functional layout and well-flowing design.
4649 CEDAR STREET
$399,000
One third acre, shop, cabin, house. Many options for your island getaway life! Detached shop with wood stove, c-can and extra shed for storage, greenhouse and garden to grow your favourite fruits and vegetables for cooking and a chicken coop in the large yard with great mature trees! Steps from an ocean view and gillies bay general store, and minutes from shelter point park beach and boat launch. Charming and affordable place to start your next chapter!
We feel so lucky to have found Austyn! She communicated with me while I was out of the country and really honed in on what we were looking for. When we came to Powell River to view properties, she'd lined up a full day of showings. We are very seasoned home buyers and we were surprised at how most of the selection of places really met our needs. It made us realise how skilled she is at hearing and getting a feel for what customers want. We would have been happy with a number of the properties she showed us and ended up with our dream properties. We found her to be excellent at her job. Thorough. Astute. And, very importantly, honest and straightforward. Plus she is lovely -
and relaxed. We'd have NO hesitation in recommending her.
You've looked after your home. Let me help you to showcase all the best about it! I'm ready to make suggestions about how to dress it up for market and then bring in our tools for getting an online virtual tour done for every listing. An upbeat video featuring the high points is great for social media and for the majority of buyers looking online. Exceptional professional photography is an eye-catching callout to the many buyers looking in our area. Call or text me for a market evaluation.
Give me a call to view these homes or any others on the market today.
The top 10 home design and decor trends of 2025
In 2025, home design and decor are primed for a dynamic shift. As lifestyles evolve and technology advances, living spaces are bound to reflect these changes. Here are the top 10 anticipated trends shaping homes in the year ahead:
1. Sustainable living. With growing environmental awareness, sustainable design will take centre stage. Expect to see eco-friendly materials like bamboo, reclaimed wood and recycled plastics incorporated into home furnishings and decor.
2. Biophilic design. As urbanization continues, there’s a greater desire to reconnect with nature. Biophilic design, which integrates natural elements into interior spaces, will flourish. Living walls, indoor gardens and large windows offering views of greenery will become commonplace.
3. Multifunctional spaces. As homes become smaller and more expensive, multifunctional spaces will become essential. Furniture that serves dual purposes, such as sofa beds and expandable dining tables, will allow homeowners to maximize their living areas.
4. Tech-integrated design. The rise of smart home technology will revolutionize design concepts. From voice-activated assistants to integrated home automation systems, technology will seamlessly blend into the home’s esthetics, enhancing convenience and comfort.
5. Bold colours and patterns. Say goodbye to neutral palettes as bold colours and patterns make a comeback. Vibrant hues like emerald green, mustard yellow and terracotta will inject personality into interiors, while
geometric and abstract patterns will add visual interest.
6. Vintage revival. Nostalgia will play a significant role in design trends, with a resurgence of vintage and retro styles. From mid-century modern furniture to art deco accents, expect nods to the past with a contemporary twist.
7. Global influences. Cultural diversity will inspire design choices, with homeowners embracing elements from around the world. Think Moroccan-inspired rugs, Japanese Shoji screens and African mudcloth textiles, which will add an eclectic flair to interiors.
8. Wellness-oriented design. With an increased focus on health and well-being, homes will be designed to promote relaxation and rejuvenation. Spa-like bathrooms, meditation corners and ergonomic furniture will create tranquil retreats within the home.
9. Maximalism. Minimalism takes a back seat as maximalism gains momentum. Layering textures, mixing patterns and showcasing collections will create visually rich and eclectic spaces celebrating individuality.
10. Customization and personalization. Homeowners will seek unique, customized solutions that reflect their personalities and lifestyles. Personalization will be vital in creating exceptional spaces, from bespoke furniture pieces to one-of-a-kind artwork.
With the help of interior designers, decorators, home decor retailers and furniture makers, you can craft a beautiful home that enhances your quality of life.
What is your home truly worth?
Find out why your BC property assessment might not reflect current market value
ZAK KHAN Real Estate Weekly
BC Assessment provides a value for the government to determine property tax in BC. The assessment authority estimates it yearly starting from the previous July.
This is a predictable base for taxation but does not necessarily impact the real estate market. So, the dollar figure on your provincial property assessment notice is not always your home’s market value.
Here’s a look at BC Assessment value and market value and what contributes to these amounts.
How are BC Assessment values calculated?
It’s unfeasible to expect the assessors to visit each home in person, so they have to rely on the general property characteristics that place the most emphasis on the value of a home. As mentioned, assessors base this on information from the previous July, so it can be somewhat out of kilter.
The characteristics used for calculation are:
How desirable is the location?
Property size. Is it a tiny house or multiroom mansion?
Is the lot small or a massive multi-acre estate?
A mountain view is worth more than a line of dumpsters.
Is it newly built or an outdated structure? It could also be historically valuable.
Home add-ons such as carports, garages
and decks.
Sale prices from similar homes in your area.
As a result, BC Assessment gives you basic insight into whatever area you’re interested in. You can check out its website (info. bcassessment.ca) to find your property’s information or for a property you’re interested in.
Your assessment value is one major factor of the property tax you pay, but it is not the only component. There’s also the property tax rate set by your local authority, what property class you’re in, whether your municipality implements land averaging and other factors.
Still, the assessed value of your home matters in this calculation and you can appeal it if you feel your assessed value is too high. For instance, this may happen if all your neighbours renovated their homes in the last year, which caused the assessed value for your area to rise, but you didn’t.
There are also minimum taxes that you must pay to ensure delivery of municipal services. These will exist regardless of other factors so you don’t lose access to things like firefighting, sanitation, water and other essentials.
For most of us, property is our highest-valued asset, so there’s concern when your assessed value drops. That’s particularly true for first-time homebuyers or sellers, who fear they won’t get a return on their invest-
ment. There’s also the concern you can’t renew your mortgage if you owe more than your assessed value. Fortunately, assessment value doesn’t necessarily impact market value.
Regarding mortgage renewal, if you have good credit and are renewing with the same lender, there should be no problem.
When it comes to calculating your home’s market value, there are quite a few more factors in the process. Ultimately, your house’s market value is whatever a buyer is willing to pay for it, but there are many considerations to get to that amount.
If you're looking to find the market value of your home, you’ll need a home appraisal. That's not a DIY option. You'll need industry specialists to help. A real estate appraiser will be able to give you an accurate indication of your property’s mar-
ket value, which is useful if you’re looking to:
Sell your home and want a fair market value. An appraisal gives you a realistic indication of your asking price so that you’re going in with misplaced expectations and your property won’t sit on the market for too long.
Buy a home and want to ensure you’re paying for actual value. It's worth including an appraisal as a contingency for the home inspection. Should any problems arise that might impact the agreed-upon sale price, you're protected if you choose to get out of the sale.
Refinance your mortgage or insure your property. For lenders and financial institutions, an appraisal will ensure the homeowner is not over-borrowing when buying or refinancing a property. When an appraiser visits your home, here are some of the elements they will consid-
er when figuring out the market value:
The neighbourhood, including amenities, access to transportation and other factors.
Age of your property and whether it’s outdated.
Lot size and dimensions, plus anything that could impact future builds such as whether it's flat or sloped, in a flood plain or has many large trees with roots.
Size of your home’s interior and number of rooms. A larger home may be worth more than a smaller home.
Layout and design, such as open-plan living areas. Wonky layouts may bring down the price, while thoughtfully designed interiors could increase it.
Any additional items such as carports and garages, decks, number of allotted parking spaces or parking for RVs. A larger garage can increase the value of your home.
Home upgrades will impact the market value, such as renovations, furnaces, appliances, flooring or hot water heaters.
If regular maintenance has been performed, such as roofing, gutters, re-painting and more.
If this is a strata title property, the appraiser will also consider any special levies, maintenance fees, reserve funds and how wellrun the building is.
Current real estate market trends, whether it’s a buyer’s or seller’s market.
Comparable sales in the area within the last three months. Although the BC property assessment provides an indication of your property’s value, it’s for the government to assign property tax. Even two similar properties might have different assessment values, because they don't necessarily correlate with your property's market value.
Adobe Stock/Carlos Miguel
Nestled on 1.24 acres in the prestigious Myrtle Creek Estates, this stunning modern contemporary rancher exudes luxury and sophistication. Boasting over 3,200 square feet of exquisitely designed living space, this 2018 masterpiece offers four spacious bedrooms and 3.5 elegantly appointed bath-
rooms, perfectly blending style and comfort. Just minutes south of Powell River’s city limits, you’re within easy reach of pristine beaches, scenic trails, and a premier golf course, creating the perfect blend of luxury living and natural beauty.
Don’t miss out, call Kyle today!
$1,399,000 MLS® 18380 1.24 ACRES IN MYRTLE CREEK ESTATES 3,200 SQ FT 4 BEDROOMS • 3.5 BATHROOMS
