the rennie review - May 2020

squamish

DETACHED  APRI L 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 3 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

-

29 % DOWN

BALANCED 12 %

52 % DOWN

1.8 % DOWN

The 82 detached listings in Squamish in April were down 11% compared to March and were 29% below April 2019. April’s detached sales (at 10) decreased by 8 month- over-month and by 11 year-over-year. The sales-to-listings ratio in April decreased to 12%, as Squamish’s detached segment remained in balanced market territory. At $992,700, the benchmark price for detached homes was relatively unchanged fromMarch but 3% above April 2019. The average sold price of $1.06Mwas 13% above March but 2% lower vs April 2019.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No. 116

% Change

TOTAL LISTINGS

82 10

92 18

-11% -44% -38%

-29% -52% -33%

TOTAL SALES

21

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

12%

20%

18%

$992,700 $996,500 $1,060,300 $936,641

-0.4% $965,000 13% $1,079,531

3%

-1.8%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$965,000 $954,000 $996,100 $986,600 $977,900 $1,001,400 $992,700

1.49

1.43

1.42

1.41

1.37

1.30

126

122

116

101

86

82

70

24

21

20

17

15

13

10

Apr-19

Mar-20

Apr-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

     

  

SELLER'S MARKET



BALANCED

BUYER'S MARKET







 



. . . 0 0 0 0 0      QD QD QD                

S-L RATIO SALES INVENTORY

Copyright © 2020 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 May 5, 2020. 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.

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