Market News
The real estate market on the upper Sunshine Coast is different to that of the Vancouver Lower Mainland. We are behind the city with respect to property prices and the market is still on a climb. At the end of 2004 the average family home sold for $150,000. At the end of 2005 that average price had risen to $210,000 and, at the end of 2006, the price had jumped to $248,000. At the end of 2007, prices had climbed again and average would be about $268,000. Prices have remained roughly where they were at the end of the year and are expected to rise about 5 -7% this year.
Now is a great time to invest in Powell River real estate and then sit back and watch your property increase in value.