Powell River Real Estate Market Report

The number of homes sold through the MLS® System of the Powell River Sunshine Coast Real Estate Board totaled 32 units in September 2026. This was a large decline of 15.8% (six sales) from September 2025. Home sales were 14.3% above the five-year average and 3.9% below the 10-year average for the month of September. On a year-to-date basis, home sales totaled 248 units over the first nine months of the year. This was a substantial decline of 10.5% from the same period in 2025. “Sales activity may have declined from last September but demand was right in line with typical levels for this time of year,” said Curtis Yungen, President of the Powell River Sunshine Coast Real Estate Board. “The increase in buyer activity since the beginning of the year has been strengthening our market balance and drawing down inventories. Despite this, benchmark prices are still in decline for the time being and it may take several more months of positive results before we see a turnaround on the pricing side.” The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $567,000 in September 2026, a moderate decrease of 4.1% compared to September 2025. The benchmark price for single-family homes was $579,600, falling by 4.3% on a year-over-year basis in September. By comparison, the benchmark price for apartment units was $349,800, down by 6.4% compared to a year earlier. The average price of homes sold in September 2026 was $556,059, a sharp decrease of 15.2% from September 2025. The more comprehensive year-to-date average price was $602,642, down by 7% from the first nine months of 2025. The dollar value of all home sales in September 2026 was $17.8 million, a substantial decrease of 28.6% from the same month in 2025. The number of new listings saw a moderate decrease of 7.3% (four listings) from September 2025. There were 51 new residential listings in September 2026. New listings were 4.1% above the five-year average and 4.7% above the 10-year average for the month of September. Active residential listings numbered 216 units on the market at the end of September, a substantial decline of 17.9% from the end of September 2025. Active listings were 3.3% below the five-year average and 17.5% above the 10-year average for the month of September. Months of inventory numbered 6.8 at the end of September 2026, down from the 6.9 months recorded at the end of September 2025 and above the long-run average of 6.3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.