the rennie review - March 2022

squamish CONDO-FEBRUARY 202

SALESTO LISTINGSRATIO 150% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 30% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 36% VS2021

▲ 38% VS2021

▼ 49% VS2021

▲ 20% VS2021

Therewere20condolistingsinSquamishinFebruary, 11%aboveJanuaryand49%lowerthanFebruary2021. Februarycondosalesincreasedby329% month-over-month,to30,andwere20%aboveFebruary 2021. Thesales-to-listingratioforcondosinSquamish,at 150%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$725,500,a 13%decreasefromJanuaryand38%aboveFebruary 2021. Theaveragesoldpricewas$715,063,11%belowlast month;theaveragePSFsalepricewas$849,up5%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

30 20

25 39

30% 36% 38% 134% 20% -49%

$810 $803,100 $835,000 39% 7 18

5% -11% -13% 286% 329% 11%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$849 $715,063 $725,500 150%

$652 $523,950 $525,000 64%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

52

43

36

35

39

30

26

25

25

25

28

27

19

18

20

16

22

15

21

19

17

14

14

1

9

7

$860K

$835K

$812K

$726K

$650K

$638K

$622K

$599K

$572K

$565K

$525K

$519K

$499K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

14

100%+ 100%+

12

4+bdrms

10

75%

8

1

3bdrms

3

50%

6

4

18

2bdrms

6

2

0

11 11

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

4 3 75%

4 2 50%

7 13 186%

3 12 400%

1 0 n/a

1 0 n/a

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 37 ●

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