squamish CONDO - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 54% VS 2023
▲ 100% VS 2023
▼ 3% VS 2023
▼ 5% VS 2023
There were 63 condo listings in Squamish in November, 15% below October and 54% higher than November 2023. November condo sales decreased by 16% month-over-month, to 16, and were 100% above November 2023. The sales-to-listing ratio for condos in Squamish, at 25%, reflected a sellers' market. The condo median price in November was $721,500, a 6% increase from October and 5% below November 2023. The average sold price was $712,588, 3% below last month; the average PSF sale price was $754, down 13% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16 63
$713 $732,100 $757,450 20% 8 41
6% -3% -5% 30% 100% 54%
19 74
-13% -3% 6% -1.1% -16% -15%
$754 $712,588 $721,500 25%
$865 $736,581 $679,000 26%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
74
63
64
63
59
58
47
45
54
49
41
39
37
19
17
17
16
6
5
5
5
13
8
12
7
8
$757K
$725K
$718K
$722K
$690K
$679K
$675K
$675K
$634K
$622K
$590K
$559K
$540K
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
15
4+ bdrms
1
10
3 bdrms
50%
9
44%
33%
31%
5
22%
14
18%
2 bdrms
34
0
2
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M+
<2 bdrms
S-L RATIO SALES INVENTORY
2 0 n/a
2 1 50%
9 4 44%
11 2 18%
16 5 31%
9 2 22%
6 2 33%
8 0 n/a
19
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 December 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 43 ●
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