the rennie review - March 2022

squamish DETACHED-FEBRUARY 202

SALESTO LISTINGSRATIO 49% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 18% VS2021

▲ 18% VS2021

▼ 38% VS2021

▼ 35% VS2021

Therewere41detachedlistingsinSquamishinFebruary, 21%aboveJanuaryand38%lowerthanFebruary2021. Februarydetachedhomesalesincreasedby54% month-over-month,to20,andwere35%belowFebruary 2021. Thesales-to-listingratiofordetachedinSquamish,at 49%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$1,630,000, a7%increasefromJanuaryand18%aboveFebruary 2021. Theaveragesoldpricewas$1,646,468,17%abovelast monthandup18%toFebruary2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

20 41

31 66

18% 18% 4% -35% -38%

13 34

17% 7% 28% 54% 21%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,646,468 $1,630,000 49%

$1,407,608 $1,525,000 38%

$1,392,994 $1,380,000 47%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

71

66

70 70

69

65

1.66

51

1.58

1.56

46

54

44

1.44

47

41

1.381.32

33

28

34

24

31

29

19

20

23

20

20

19

14

13

$1.63M

$1.63M

$1.54M

$1.53M

$1.53M

$1.53M

$1.53M

$1.49M $1.38M

$1.38M

$1.35M

$1.30M

$1.26M

Feb-21

Jan-22

Feb-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

10

100%+

90%

8

67%

6

50%

43%

4

2

14%

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-LRATIO SALES INVENTORY

2 1 50%

1 2 200%

6 4 67%

10 9 90%

7 3 43%

7 1 14%

8 0 n/a

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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