the rennie review - May 2023

squamish CONDO -APRIL 2023

SALES TO LISTINGSRATIO 39% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 13% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 17% VS 2022

▼ 18% VS 2022

▲ 8% VS 2022

▲ 22% VS 2022

Therewere28 condolistingsin Squam ish in April,8% aboveM arch and 8% higherthan April2022.

Aprilcondosalesdecreased by8% m onth-over-m onth,to 11,and were22% aboveApril2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin Squam ish,at39%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

11 28

$882 $654,889 $634,000 35% 9 26

-13% -17% -18% 13% 22% 8%

12 26

8% -6% -8% -15% -8% 8%

Thecondom edian pricein Aprilwas$520,000,a8% decreasefrom M arch and 18% below April2022. Theaveragesold pricewas$543,805,6% below last m onth;theaveragePSF salepricewas$770,up 8% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$770 $543,805 $520,000 39%

$713 $576,417 $567,500 46%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 202 ● APR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

46 45

40

39

39

38

26

28

30

26

27

24 24

13

13

12

1

10

1

9

4

9

3

8

7

6

$709K

$685K

$674K $626K $640K

$634K

$606K $642K

$605K

$568K

$548K

$525K

$520K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

14

100% 100%+

4+ bdrms

12

10

2

8

3 bdrms

7

6

3

4

21%

2 bdrms

17

2

0

6

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

2 2 100%

4 6 150%

14 3 21%

8 0 n/a

4

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