the rennie review - May 2023

squamish DETACHED -APRIL 2023

SALES TO LISTINGSRATIO 16% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 26% VS 2022

▼ 23% VS 2022

▲ 35% VS 2022

▼ 38% VS 2022

Therewere92 detached listingsin Squam ish in April, 14% aboveM arch and 35% higherthan April2022. A prildetached hom esalesdecreased by 12% m onth-over-m onth,to15,and were38% below April 2022. Thesales-to-listing ratio fordetached in Squam ish,at 16% ,reflected abalanced m arket.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

15 92

24 68

-26% -23% -54% -38% 35%

17 81

-13% -11% -22% -12% 14%

Thedetachedm edian pricein Aprilwas$1,355,000,a 11% decreasefrom M arch and 23% below April2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,363,433 $1,355,000 16%

$1,560,941 $1,525,000 21%

$1,846,450 $1,770,000 35%

Theaveragesold pricewas$1,363,433,13% below last m onth and down 26% toApril2022.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

108

10

93

106

89

102 102

92

82

2.07

81

1.86

72

68

68

1.611.67

1.50

1.26

18

24

17

15

14

12

8

8

15

7

19

1

12

$1.77M

$1.62M

$1.59M

$1.50M $1.51M

$1.44M $1.53M

$1.36M

$1.34M $1.28M $1.31M

$1.30M

$1.31M

22-Apr

23-M ar 23-Apr

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

20

80%

15

50%

10

21%

5

14%

13%

5%

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-L RATIO SALES INVENTORY

4 2 50%

0 1 n/a

2 0 n/a

5 4 80%

14 3 21%

21 3 14%

20 1 5%

18 0 n/a

8 1 13%

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