Powell River Sunshine Coast Real Estate Board

The number of homes sold through the MLS® System of the Powell River Sunshine Coast Real Estate Board totaled 35 units in August 2026. This was a small reduction of 2.8% (one sale) from August 2025.

Home sales were 11.5% above the five-year average and 2.8% below the 10-year average for the month of August.

On a year-to-date basis, home sales totaled 216 units over the first eight months of the year. This decreased by 9.6% from the same period in 2025.

“Sales activity was little changed from the same time last year and held firmly inside average territory for the month of August,” said Curtis Yungen, President of the Powell River Sunshine Coast Real Estate Board. “New listings, on the other hand, retreated from their record-setting August last year to more moderate levels. Our local market has seen a trade-off between supply and demand, with the former moving down and the latter on an upward swing. This has led to a decline in overall inventory levels, which in turn has been firming up the market and resulting in smaller benchmark price declines.”

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 $569,200 in August 2026, a small reduction of 1.6% compared to August 2025.

The benchmark price for single-family homes was $582,500, falling by 1.8% on a year-over-year basis in August. By comparison, the benchmark price for apartment units was $338,900, down modestly by 2.8% compared to a year earlier.

The average price of homes sold in August 2026 was $725,394, a gain of 28.2% from August 2025.

The more comprehensive year-to-date average price was $609,543, down by 5.8% from the first eight months of 2025.

The dollar value of all home sales in August 2026 was $25.4 million, an increase of 24.6% from the same month in 2025. The dollar volume of all homes sold hasn’t been this high in the month of August in more than five years.

The number of new listings saw a big reduction of 26.4% from August 2025. There were 53 new residential listings in August 2026.

New listings were 7% below the five-year average and 1.9% below the 10-year average for the month of August.

Active residential listings numbered 235 units on the market at the end of August, a substantial decline of 17.5% from the end of August 2025.

Active listings were 0.1% above the five-year average and 23.1% above the 10-year average for the month of August.

Months of inventory numbered 6.7 at the end of August 2026, down from the 7.9 months recorded at the end of August 2025 and above the long-run average of 5.8 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.