the rennie review - May 2022

squamish TOWNHOME-APRIL 202

SALESTO LISTINGSRATIO 54% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 16% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 9% VS2021

▲ 7% VS2021

▲ 22% VS2021

▼ 40% VS2021

Therewere28townhomelistingsinSquamishinApril, 65%aboveMarchand22%higherthanApril2021. Apriltownhomesalesdecreasedby12% month-over-month,to15,andwere40%belowApril 2021. Thesales-to-listingratiofortownhomesinSquamish,at 54%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$950,000,a 14%decreasefromMarchand7%aboveApril2021. Theaveragesoldpricewas$988,567,10%belowlast month;theaveragePSFsalepricewas$727,up4%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

15 28

25 23

16% 9% 7% -51% -40% 22%

17 17

4% -10% -14% -46% -12% 65%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$727 $988,567 $950,000 54%

$624 $906,679 $885,500 109%

$700 $1,097,248 $1,100,000 100%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

33

28

28

26

24

25

27

23

23

17

17

17

17

17

17

15

12

12

10

12

12

12

1

10

8

7

$1.10M

$1.10M $1.04M

$956K

$945K

$950K

$940K

$915K

$909K

$886K

$885K

$866K

$800K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

12

2 2

10

4+bdrms

8

70%

64%

13

3bdrms

6

24

4

2bdrms

2

2

0

<$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

0 1 n/a

10 7 70%

11 7 64%

7 0 n/a

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 36 ●

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