the rennie review - September 2020

squamish

DETACHED  AUGUST 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

32 % UP

-

21 % DOWN

SELLER’S 29 %

0.7 % DOWN

45 % UP

The 99 detached listings in Squamish in August were down 7% compared to July and 21% below August 2019. August’s detached sales (at 29) increased by 16% month-over-month and rose 45% year-over-year. The sales-to-listings ratio in August increased to 29%, as Squamish’s detached segment remained in seller’s market territory. At $988,900, the benchmark price for detached homes was 0.5% below July and 0.7% lower vs August 2019. The average sold price of $1.17M was 1.0% above July and 32% higher vs August 2019.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 107

% Change

No. 126

% Change

TOTAL LISTINGS

99 29

-7% 16% 25%

-21% 45% 85% -0.7%

TOTAL SALES

25

20

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

29%

23%

16%

$988,900 $993,800 $1,166,341 $1,154,360

-0.5% $996,100 1.0% $880,456

32%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$996,100 $986,600 $954,400 $975,200 $964,200 $977,100 $988,900

1.46

1.46

1.45

1.41

1.41

1.38

126

112

101

99

90

86

70

29

24

20

17

15

13

10

Aug-19

Jul-20

Aug-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

       







  

SELLER'S MARKET

BALANCED





BUYER'S MARKET

 



. . . 0 0 0 0 0  QD      QD                

S-L RATIO SALES INVENTORY

Copyright © 2020 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 3, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.

32

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