the rennie review - June 2022

squamish DETACHED -MAY 202

SALES TO LISTINGSRATIO 18% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 6% VS 2021

▲ 6% VS 2021

▲ 27% VS 2021

▼ 52% VS 2021

Therewere89 detached listingsin Squam ish in M ay,31% aboveApriland 27% higherthan M ay2021. M ay detached hom esalesdecreased by 33% m onth-over-m onth,to16,and were52% below M ay 2021. Thesales-to-listing ratio fordetached in Squam ish,at 18% ,reflected abalanced m arket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

16 89

33 70

-62% -52% 27%

24 68

-27% -17% -49% -33% 31%

Thedetachedm edian pricein M aywas$1,473,500,a 17% decreasefrom Apriland 6% aboveM ay2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,352,194 $1,473,500 18%

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

$1,441,652 $1,384,000 47%

Theaveragesold pricewas$1,352,194,27% below last m onthand down 6% toM ay2021.

-6% 6%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

89

71

69

1.86

70

68

55

51

1.561.55

44

54

1.50

1.491.47

47

33

41

28

27

24

24

34

19

23

16

20

20

20

19

14

13

$1.68M $1.77M

$1.54M $1.53M $1.63M $1.53M $1.63M

$1.53M

$1.47M

$1.38M

$1.30M $1.26M $1.35M

May-21

Apr-22

May-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

100%+

100%+

25

20

15

10

22%

19%

5

7%

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

1 3 300%

2 0 n/a

1 2 200%

21 4 19%

27 6 22%

15 1 7%

10 0 n/a

12 0 n/a

Copyright© June7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune7,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

38

Made with FlippingBook - professional solution for displaying marketing and sales documents online