the rennie review | September 2023

squamish DETACHED -AUGUST 2023

SALES TO LISTINGSRATIO 16% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 33% VS 2022

▲ 18% VS 2022

▼ 8% VS 2022

▲ 88% VS 2022

Therewere94 detached listingsin Squam ish in August, 15% aboveJulyand 8% lowerthan August2022. Augustdetached hom esalesdecreased by29% m onth-over-m onth,to15,and were88% aboveAugust 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 94

$1,145,625 $1,280,000 8% 8 102

33% 18% 103% 88% -8%

21 82

-38% -29% 15%

Thedetachedm edian pricein Augustwas$1,510,000,a 6% decreasefrom Julyand 18% aboveAugust2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,520,233 $1,510,000 16%

$1,632,667 $1,612,000 26%

Theaveragesold pricewas$1,520,233,7% below last m onth and up 33% toAugust2022.

-7% -6%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

108

102

94

93

92

102

94

82

1.67

1.66

1.64

89

82

81

1.53

1.45

72

68

1.29

23

21

17

15

12

15

8

7

18

15

8

1

1

$1.62M

$1.59M

$1.58M $1.61M

$1.50M $1.53M

$1.51M

$1.36M $1.34M

$1.30M

$1.31M

$1.28M $1.31M

22-Aug

23-Jul 23-Aug

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

35

30

25

20

50%

15

33%

33%

10

20%

14%

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

6 2 33%

3 0 n/a

3 1 33%

8 4 50%

35 5 14%

15 3 20%

14 0 n/a

10 0 n/a

Copyright© Septem ber5,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber5,2023.Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

41

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