the rennie review - November 2021

squamish DETACHED-OCTOBER 2021

SALESTO LISTINGSRATIO 51% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 49% VS2020

▲ 45% VS2020

▼ 51% VS2020

▼ 37% VS2020

Therewere47detachedlistingsinSquamishinOctober, 8%belowSeptemberand51%lowerthanOctober2020. Octoberdetachedhomesalesincreasedby20% month-over-month,to24,andwere37%belowOctober 2020. Thesales-to-listingratiofordetachedinSquamish,at 51%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,539,950,a 14%increasefromSeptemberand45%aboveOctober 2020. Theaveragesoldpricewas$1,601,433,19%abovelast monthandup49%toOctober2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

24 47

38 96

49% 45% 29% -37% -51%

20 51

19% 14% 30% 20% -8%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,601,433 $1,539,950 51%

$1,350,925 $1,352,500 39%

$1,076,851 $1,059,676 40%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

96

71

1.63

70

69

69

66

1.48

1.48

70

1.471.46

65

51

54

47

27 40

50

46

33

38

1.06

31

19

30

24

29

20

19

19

14

$1.54M

$1.53M

$1.53M

$1.49M

$1.38M

$1.38M

$1.35M

$1.30M

$1.27M

$1.26M

$1.21M

$1.20M

$1.06M

Oct-20

Sep-21

Oct-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

14

100%

100%+

12

10

64%

8

6

38%

4

25%

25%

20%

2

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

5 1 20%

1 1 100%

4 1 25%

5 8 160%

14 9 64%

8 3 38%

6 0 n/a

4 1 25%

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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