the rennie review - April 2022

squamish DETACHED-MARCH 202

SALESTO LISTINGSRATIO 49% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 6% VS2021

▲ 13% VS2021

▼ 15% VS2021

▼ 41% VS2021

Therewere55detachedlistingsinSquamishinMarch, 34%aboveFebruaryand15%lowerthanMarch2021. Marchdetachedhomesalesincreasedby35% month-over-month,to27,andwere41%belowMarch 2021. Thesales-to-listingratiofordetachedinSquamish,at 49%,reflectedaselers'market.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

%Change

No.

TOTALLISTINGS TOTALSALES

27 55

46 65

6% 13% -31% -41% -15%

35% 34%

20 41

ThedetachedmedianpriceinMarchwas$1,679,000,a 3%increasefromFebruaryand13%aboveMarch2021.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

-1.1% 3% 0.6%

$1,646,468 $1,630,000 49%

$1,628,737 $1,679,000 49%

$1,538,720 $1,490,500 71%

Theaveragesoldpricewas$1,628,737,1.1%belowlast monthandup6%toMarch2021.

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

71

70 70

65

69

55

1.83

51

46

54

44

1.64

47

1.56

1.53

33

41

1.45

1.44

28

34

24

27

29

19

23

20

20

20

19

14

13

$1.68M $1.63M

$1.63M

$1.54M

$1.53M

$1.53M

$1.53M

$1.53M

$1.49M

$1.38M

$1.35M

$1.30M

$1.26M

Mar-21

Feb-22

Mar-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

20

100%+

15

58%

57%

10

33%

5

18%

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

1 3 300%

0 4 n/a

9 3 33%

19 11 58%

7 4 57%

11 2 18%

8 0 n/a

Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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