Real estate figures for February 2025 were much more robust than those from February 2024, according to a local real estate official.
Powell River Sunshine Coast Real Estate Board president Curtis Yungen said in February this year, there were 80 total new listings, compared to almost half of that in February 2024, where there were only 45 new listings.
He said that in February 2025, there were very similar numbers for units sold as in January of this year. He added that there had been a small decrease in median price for single-family homes, from $692,000 in January to $639,900 in February.
“However, the median price was an increase from February 2024, where the price for a single-family home was $583,000,” said Yungen.
In the single-family homes category, in February 2025, there were 17 units sold, valued at $11,548,700, compared to 15 units sold in February 2024, valued at $9,686,800.
In the mobiles and manufactured homes category, there was one sale, valued at $743,000 in February 2025, compared to none in February 2024.
There were six sales of condos, duplexes and apartments in February 2025, valued at $2,727,900, compared to four sales in February 2024, valued at $1,462,700.
Residential totals indicated 24 sales, valued at $15,019,600, in February 2025, compared to 19 sales, valued at $11,149,700, in February 2024.
In the nonresidential category, in February 2025, there were two parcels of vacant land sold, valued at $590,000, compared to four sales, valued at $1,388,000, in February 2024. There was one industrial, commercial and institutional sale in February 2024, valued at $45,000, and none in February 2025.
Totals for nonresidential show two sales, valued at $590,000, in February 2025, compared to five sales in February 2024, valued at $1,433,000.
Grand total for February 2025 is 26 sales, valued at $15,609,600, compared to 24 sales in February 2024, valued at $12,582,700.
There were 62 new residential listings in February 2025 and 18 nonresidential, for the 80 new listings. At the end of February 2025, there were 168 active residential listings and 63 nonresidential, for a total of 231 active listings.
Average price of a single-family dwelling in February 2025 was $679,335, with an average of 82 days on the market, compared to $625,853 in February 2024, with an average of 58 days on the market.
Year-to-date, new listings are up 43.33 per cent over 2024. There has been an increase in sales of 19.35 per cent and an increase in median price of 9.98 per cent.
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