the rennie review | September 2023

squamish CONDO -AUGUST 2023

SALES TO LISTINGSRATIO 47% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 4% VS 2022

▲ 3% VS 2022

▼ 33% VS 2022

▲ 133% VS 2022

Therewere30 condolistingsin Squam ish in August,9% below Julyand 33% lowerthan August2022.

Augustcondosalesincreased by75% m onth-over-m onth, to14,and were133% aboveAugust2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin Squam ish,at47%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

14 30

$776 $624,633 $606,000 13% 6 45

250% 133% -33%

$875 $640,875 $636,000 24% 8 33

-6% 1.4% -2% 93% 75% -9%

Thecondom edian pricein Augustwas$622,500,a2% decreasefrom Julyand 3% aboveAugust2022. Theaveragesold pricewas$649,893,1.4% abovelast m onth;theaveragePSF salepricewas$827,down 6% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$827 $649,893 $622,500 47%

6% 4% 3%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 202 ● AUG 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

40 39

36

34

39

33

30

26

28

27

24 24

14

13

13

12

14

1

1

4

9

8

8

7

6

$709K

$710K $688K

$685K

$636K $623K

$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

12

4+ bdrms

10

75%

8

2

3 bdrms

54%

6

6

4

5

2 bdrms

14%

16

2

0

7

<$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

8 6 75%

13 7 54%

7 1 14%

1 0 n/a

1 0 n/a

8

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