squamish DETACHED - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.1% VS 2023
▲ 15% VS 2023
▼ 0.8% VS 2023
▼ 3% VS 2023
There were 91 detached listings in Squamish in August, 13% below July and 1.1% higher than August 2023. August detached home sales increased by 36% month-over-month, to 15, and were 15% above August 2023. The sales-to-listing ratio for detached in Squamish, at 16%, reflected a balanced market.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
15 91
13 90
-0.8% -3% 14% 15% 1.1%
$1,676,364 $1,570,000 10% 11 105
-0.2% -3% 57% 36% -13%
The detached median price in August was $1,520,000, a 3% decrease from July and 3% below August 2023.
$1,673,767 $1,520,000 16%
$1,688,038 $1,565,000 14%
The average sold price was $1,673,767, 0.2% below last month and down 0.8% to August 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
104
105
98
94
99
85
94
91
90
1.73
1.73
1.58
74
1.54
1.45
63
61
60
1.34
19
17
16
13
15
8
7
13
6
6
10
10
11
$1.88M
$1.63M $1.74M
$1.60M $1.65M $1.73M
$1.57M
$1.55M $1.45M
$1.57M $1.52M
$1.47M
$1.35M
23-Aug
24-Jul
24-Aug
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
30
25
20
15
33%
33%
10
17%
13%
10%
5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
3 0 n/a
6 2 33%
12 4 33%
30 5 17%
24 3 13%
10 1 10%
3 0 n/a
2 0 n/a
1 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 41 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online