Housing sales decline

Comparison between December 2022 and December 2021 shows substantial drop

PAUL GALINSKI reporter@prpeak.com

Home sales for the Powell River Sunshine Coast Real Estate Board showed a big decline from December 2021 to December 2022.

“We were looking at a steady downward trend in sales activity heading into the end of the year so we knew we would cap off 2022 on a subdued note,” said Neil Frost, the board’s president. “On an annual basis, sales came in below the very strong levels of the past two years and were back in line with where they stood for 2019.

“Average prices have come down from their peak and overall supply is up to more normal levels, both of which bode well for buyers who are listings over the past year and would-be buyers who sidelined themselves after the series of interest rate hikes are now in a better position to rejoin the market.”

In the single-family homes category, in December 2022, there were nine units sold, valued at $4,194,800, compared with 19 units sold in December 2021, valued at $11,630,060.

Mobiles and manufactured home sales in December 2022 amounted to one sale, valued at $337,450, compared to five sales, valued at $1,592,332 in December 2021.

For condos, apartments and duplexes, in December 2022, there was one sale, valued at $349,900, compared to four sales, valued

December 2022 amounted to 11, valued at $4,882,150, compared to 28 sales, valued at $15,724,292 in December 2021.

On the non-residential side, there was one parcel of vacant land sold in December 2022, valued at $300,000, compared to eight parcels, valued at $2,287,300 in December 2021.

$2,600, in December 2021. There were no such sales in December 2022.

Totals for the non-residential category show one sale, valued at $300,000, in December 2022, compared to nine sales, valued at $2,289,900 in December 2021.

The grand totals for all sales indicate 12 in December 2022, valued at $5,182,150, compared to 37, valued at $18,014,192 in December 2021.

Average single-family home price in December 2022 was $466,089, compared to $612,108 in December 2021.

There were 19 new residential listings in December 2022, with a total of 121 active listings at the end of the month.

Total active listings, including non-residential, amounted to 181 at the

6295 LUND STREET • $584,900 MLS®17053

Gently sloping, south facing 1.04 acre lot on Wildwood Hill, offering excellent mountain and ‘peek-a-boo’ lake views. Secured by a newer wooden fence around the perimeter, this acreage contains a solid 3-bedroom house in need of upgrades, with a full unfinished basement, and an enclosed parking space. The property benefits from a 40’ x 32’ detached workshop with high bay double roller shutter doors. The house and workshop each have a separate 200-amp service. This property would work well as a combined home with ancillary business - the workshop is ideally suited for a mechanic, as boat storage, contractor, artist studio or other small commercial / business uses offering a combination of production space, storage, loading and parking. There’s ample room on this property for all your toys, a raised vegetable garden and mature trees on the northern periphery providing privacy from neighbors. Hiking and biking on the doorstep. This is a unique opportunity with untapped potential.

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BRAND NEW HOUSE! This stylish two-storey home is main-level-entry, with an open floor plan, three bedrooms upstairs, plus a fully contained one-bedroom ground level suite; ideal for mortgage-helper, AirBnB, or family. The open-concept main level features a bright and comfy great room, custom-kitchen with ceiling height cabinets, quartz counters, eat-up island, and pantry. Large windows provide ample light in the cozy living room, and a spacious covered patio.

7281 EDGEHILL CRESCENT $799,900 MLS®17038

We’ve got acreage! This 4-bedroom family home is situated on 9.4 acres of agricultural bliss, numerous outbuildings including; an attached meat processing shop, detached garage(s), large barn (can be converted back to a suite). Large portion of privately forested area, fully-fenced yard, with tranquil water feature and fire-pit. Recent upgrades include new ductless heat-pump, metal roof 2010, fencing and landscaping.

2239 MCKENZIE ROAD

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5908 Skeena Street

BRAND NEW!

This 5-bedroom family home is located on a quiet street in Wildwood!

The 2-storey home offers 2 bedrooms on the main floor and three on the upper floor, three full bathrooms and a total of 2,415 sq ft of roomy living space. The kitchen is equipped with stainless steel appliances and an island with quartz counter tops. The master bedroom has vaulted ceilings, a spacious walk in closet, beautiful ensuite and several windows to capture the light. The 23’x6.5’ private deck off of the master bedroom looks over the backyard complete with a pond. The home is situated on a large 0.44 acre lot and is ready for your landscaping ideas. This home gives plenty of space to entertain and enjoy with family and friends. At a great price, this one won’t last long!

AFFORDABLE VIEW DUPLEX. Located in the popular Townsite neighbourhood, this income producing duplex is fully tenanted and generates incredible income. Hold on to this cash-flowing investment, or, take one side for yourself and let the other help with the mortgage. Single-level duplex enjoys ocean views, covered front porches, and each side has an open plan with one bedroom and one bathroom.

5604/06 WILLOW AVENUE $379,900 MLS®17009

10975 POWELL LAKE

$369,900 MLS®16838

Open concept and ocean views with this two-storey 3-bedroom, 3-bathroom home. Bright kitchen with ‘to the ceiling’ cabinets for all the storage you need. Large eat-up island with deep sink and full view of living and dining rooms. Powder room just off the open living space, master bedroom with ensuite and walk-in closet upstairs, two bedrooms with 4-pc bathroom and access to cedar deck overlooking the low-maintenance front yard landscaping on the main floor.

4308 SCOTIA PLACE

$699,900 MLS®17051

Welcome to 3551 Selkirk Ave where your new executive home awaits!

With over 5000 square feet of fully finished custom living space, this West Coast contemporary home truly has it all. Located on a quite cul-de-sac in one of Powell River’s most desirable neighbourhoods this 6 bedroom 4 bathroom home includes; main level entry, beautiful ocean & mountain views, 19 foot ceilings, open concept kitchen, private sundeck with outdoor gas fireplace, steam shower in master ensuite and more.

3551 SELKIRK AVENUE

$1,699,900 MLS®16989

CUSTOM LAKEFRONT HOME! Main-levelentry home with walk-out basement has so much to offer. Custom designed to maximize the views. Full ICF construction provides unparalleled efficiency, with in-floor hot water radiant heat on both levels. The basement features a legal suite, as well as the potential for in-law suite and guest accommodation, as well as home office and attached workshop.

7050 CRANBERRY STREET

$1,975,000 MLS®16755

SERVICED BUILDING LOT!

Level lot in Edgehill Crescent development in central Westview is ready for your new home. CD4 RS3 zoning allows singlefamily home, plus suite and carriage home on this 57’ x 90’ serviced lot.

LOT 17 EDGEHILL CRESCENT $219,900 MLS®16261

Currently zoned for a duplex, this level building lot is conveniently located in central Westview and in excellent walking distance to amenities, bus stops, and shops. Lot size is .31 acres and has RM3 zoning potential.

4315 JOYCE AVENUE $319,900 MLS®16748

Highly sought-after Cranberry development. Current owner has plans, permits, and city approval to complete the final chapter of this Green building project. Services have already been run to lot, turnkey project just waiting for the right buyer.

6730 CRANBERRY STREET $475,000

Your chance to step into a successful turn-key restaurant. Magpie’s Diner, a Powell River Institution, is for sale!

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For a confidential discussion about your commercial, industrial, retail or investment real estate requirements, feel free to call me, Nick Bodie at 604.353.9468 or email: nickbodie@royallepage.ca property with a well cared for family home, second cottage and RV carport! This home has been maintained with love and care and has spectacular views from upstairs.

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8065

104-7440

7131 HUNTINGDON ST

6711 KLAHANIE DR

$389,000 MLS ®16809

3 BDRM • 2 BATH

$454,900 MLS ®17005

2 BDRM • 2 BATH

Retirement or downsize opportunity awaits with easy living all on one floor, beautiful kitchen, living room/dining, two spacious bedrooms, 4-pc main bath, 4-pc ensuite, laundry/pantry room and a double garage for lots of storage. New concrete patio off the kitchen to entertain and enjoy the BBQ on those beautiful nights.

$599,000

MLS ®16690

3 BDRM • 2 BATH

Main floor has 1 bedroom, large 5-pc bathroom, living room with large windows to take in the ocean views, updated kitchen with granite counters and island plus a 16 x 12 deck off the dining room to expand your living space in the summer months.

Downstairs has 4-pc bath, 2 bedrooms, utility room plus great family room.

$729,000 MLS ®16690

3 BDRM • 2 BATH the covered front porch, or weekends grilling on the back patio. $40k in upgraded backyard patio & hot tub pad with builtin lighting and electrical

CHEAPEST WATERFRONT HOME!

This stunning waterfront is a 15-minute drive from downtown Powell River. This 3-bedroom, 2-bath house is ready for a new owner that wants to make it their own. Gorgeous views of Savary, Harwood and the mountains of Vancouver Island plus a beautiful sandy beach out front.

Open concept and ocean views with this two-storey, 3-bedroom, 3-bathroom home. Bright kitchen with ‘to the ceiling’ cabinets for all the storage you need. Large eat-up island with deep sink and full view of living and dining rooms. Powder room just off the open living space, master bedroom with ensuite and walk-in closet upstairs, two bedrooms with 4-pc bathroom and access to cedar deck overlooking the low-maintenance front-yard landscaping on the main floor along with spacious enclosed laundry room. This home is three years new, and still under the new home warranty. Including enclosed garage with walk through to fenced backyard.

Looking for...

Private smaller Carriage/Cabin/Home on the water or with a water view, ideally with lots of sunshine. Flexible location favoring North including Lund.

3-bedroom, 2-bath home backing onto greenspace, located from Myrtle Rocks to Townsite, ideally move-in ready, including yard to build self-contained office, $800k range