Powell River Sunshine Coast Real Estate Board Reports July 2026 Sales Down Slightly, Benchmark Price Dips 2.9% Year-Over-Year

Powell River Sunshine Coast Real Estate Board — July 2026

Home sales through the MLS® System of the Powell River Sunshine Coast Real Estate Board totaled 26 units in July 2026, a modest 3.7% reduction from July 2025. The overall MLS® Home Price Index (HPI) composite benchmark price for July 2026 was $563,200, representing a 2.9% decrease compared to July 2025.

Market Analysis

The Powell River Sunshine Coast real estate market remains in a buyers' condition as of July 2026. Total sales activity for the month, at 26 units, saw a small reduction from the previous year but was 6.6% above the five-year average for July. However, this figure marks a significant drop from the 45 sales recorded in June 2026, indicating a slowdown in transaction volume month-over-month. The sales-to-new listings ratio (SNLR) stands at 51.0%, reflecting a balanced market leaning towards buyers, further supported by 9.3 months of inventory, which is above the long-run average for this time of year.

Supply dynamics saw a notable shift in July. New residential listings experienced a substantial reduction of 29.2% from July 2025, with only 51 new listings added, marking the lowest July figure in over five years. Active residential listings also saw a substantial decline of 16.8% from the end of July 2025, totaling 242 units. Despite the reduction in new listings, the months of inventory increased from 5.3 in June 2026 to 9.3 in July 2026, suggesting that demand has softened relative to the available supply.

Pricing trends indicate a slight cooling in the market. The composite benchmark price of $563,200 in July 2026 represents a 2.9% reduction from July 2025. The average price of homes sold in July 2026 was $582,100, a sharp decrease of 27.3% from July 2025. This significant drop in average price, compared to the more stable benchmark price, suggests a shift in the mix of homes sold during the month.

Property Type Analysis

In July 2026, the benchmark price for single-family homes was $578,000, experiencing a 2.9% decline on a year-over-year basis. The apartment segment also saw a decrease, with its benchmark price at $330,000, down by 4.9% compared to July 2025. Data for sales volumes for specific property types were not available for this period.

Regional Highlights

Positive developments in housing supply initiatives were noted across the region. The province of B.C. awarded $9 million to 56 local governments through the Local Government Development Approvals Program, aimed at accelerating approval processes and increasing housing supply. Locally, 33 new homes opened in Gibsons, and 94 affordable units are soon to be available in Sechelt, both contributing to increased housing options for residents.

For Buyers

Buyers in the Powell River Sunshine Coast market will find themselves in a favorable position in July 2026, with a buyers' market condition and 9.3 months of inventory. This environment offers more selection and potentially greater negotiation power. Prospective buyers should take advantage of the reduced competition and consider properties that align with their long-term goals, while carefully evaluating current pricing trends.

For Sellers

Sellers should be aware of the prevailing buyers' market conditions and the significant reduction in new listings, which could indicate a more cautious market. With active listings at 242 units and 9.3 months of inventory, properties may take longer to sell. Pricing strategically and ensuring homes are well-prepared for market are crucial steps for sellers to attract offers in this environment.