the rennie review - April 2022

squamish CONDO-MARCH 202

SALESTO LISTINGSRATIO 135% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 32% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 42% VS2021

▲ 52% VS2021

▼ 67% VS2021

▼ 15% VS2021

Therewere17condolistingsinSquamishinMarch,15% belowFebruaryand67%lowerthanMarch2021.

Marchcondosalesdecreasedby23%month-over-month, to23,andwere15%belowMarch2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosinSquamish,at 135%,reflectedaselers'market.

TOTALLISTINGS TOTALSALES

23 17

27 52

161% -15% -67%

30 20

-10% -23% -15%

ThecondomedianpriceinMarchwas$760,000,a5% increasefromFebruaryand52%aboveMarch2021. Theaveragesoldpricewas$761,009,6%abovelast month;theaveragePSFsalepricewas$832,down2%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

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

$632 $536,728 $499,000 52%

$849 $715,063 $725,500 150%

-2% 6% 5%

32% 42% 52%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 2021 ● MAR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

52

43

36

35

30

26

25

25

28

27

20

19

18

23 17

16

22

15

21

19

17

14

14

1

9

7

$860K

$835K

$812K

$760K

$726K

$650K

$638K

$622K

$599K

$572K

$565K

$519K

$499K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

12

100%+

10

4+bdrms

8

1

3bdrms

6

2

4

15

2bdrms

17%

2

3

0

7

<$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

6 1 17%

9 10 111%

0 11 n/a

1 0 n/a

1 0 n/a

12

Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 37 ●

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