the rennie review - May 2022

squamish CONDO-APRIL 202

SALESTO LISTINGSRATIO 35% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 30% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 9% VS2021

▲ 12% VS2021

▼ 40% VS2021

▼ 74% VS2021

Therewere26condolistingsinSquamishinApril,53% aboveMarchand40%lowerthanApril2021.

Aprilcondosalesdecreasedby61%month-over-month, to9,andwere74%belowApril2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosinSquamish,at35%, reflectedaselers'market.

TOTALLISTINGS TOTALSALES

$882 $654,889 $634,000 35% 9 26

35 43

30% 9% 12% -57% -74% -40%

23 17

6% -14% -17% -74% -61% 53%

ThecondomedianpriceinAprilwas$634,000,a17% decreasefromMarchand12%aboveApril2021. Theaveragesoldpricewas$654,889,14%belowlast month;theaveragePSFsalepricewas$882,up6%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$679 $601,789 $565,000 81%

$832 $761,009 $760,000 135%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

43

36

35

30

26

26

25

25

23

28

20

19

18

22

16

21

15

19

17

17

14

14

1

9

9

7

$860K

$835K

$812K

$760K

$726K

$650K

$638K

$634K

$622K

$599K

$572K

$565K

$519K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

12

10

4+bdrms

8

73%

3bdrms

6

3

4

3

2bdrms

17%

2

13

0

6

<$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

3 0 n/a

6 1 17%

11 8 73%

4 0 n/a

1 0 n/a

1 0 n/a

10

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 37 ●

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