squamish TOWNHOME - FEBRUARY 2 0 2 4
SALES TO LISTINGS RATIO 39% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 14% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 21% VS 2023
▲ 11% VS 2023
▲ 17% VS 2023
▲ 57% VS 2023
There were 28 townhome listings in Squamish in February, 8% above January and 17% higher than February 2023. February townhome sales increased by 57% month-over-month, to 11, and were 57% above February 2023. The sales-to-listing ratio for townhomes in Squamish, at 39%, re'ected a sellers' market. The townhome median price in February was $970,000, a 9% decrease from January and 11% above February 2023. The average sold price was $1,031,055, 1.3% below last month; the average PSF sale price was $727, up 6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change 14% 21% 11% 35% 57% 17%
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11 28
$637 $851,700 $870,000 29% 7 24
$683 $1,044,400 $1,070,000 27% 7 26
46% 57% 8%
$727 $1,031,055 $970,000 39%
6% -1.3% -9%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2023 ● FEB 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
40
31
29
34
28
30
30
29
27
24
26
26
25
17
15
14
14
13
11
12
12
11
11
7
7
6
$1.08M
$1.04M $999K $1.07M
$978K
$970K
$970K
$970K
$953K
$945K
$933K
$905K
$870K
SQUAMISH
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
12
100%
3
4+ bdrms
4
10
8
67%
8
3 bdrms
16
6
33%
4
2 bdrms
8
11%
2
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
S-L RATIO SALES INVENTORY
3 0 n/a
12 8 67%
9 1 11%
3 1 33%
1 1 100%
Copyright © 2024 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 March 7, 2024. 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. 42 ●
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