rennie review - February 2020

squamish

CONDO  JANUARY 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 4 % DOWN

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

3 % DOWN

14 % UP

17 % DOWN

38 % UP

SELLER’S 24 %

Condo listings in Squamish remained at 45 in January, unchanged vs December and 17% lower than in January 2019. Year-over-year condo sales were up by 3 in January, while falling by 1 month-over-month (to 11). Dipping to 24%, the sales-to-listings ratio reflected seller’s market conditions. January’s condo benchmark price of $478,800 was 1.6% lower month-over-month and 4% lower year-over-year. The average sold price was $467,509 at an average PSF sales price of $566 (up 9% and up 0.5%, respec- tively, month-over-month).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No.

% Change

No.

% Change

TOTAL LISTINGS

45 11

45 12

0.0%

54

-17% 38% 65% -4% -3% 14%

TOTAL SALES

-8% -8%

8

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

24%

27%

15%

$478,800 $486,500 $467,509 $430,458

-1.6% $496,600 9% $479,800

$566

$563

0.5%

$498

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$496,600 $503,100 $505,800

$478,600 $491,600 $497,000 $478,800

91

88

82

66

58

54

45

14

12

11

11

12

8

6

SQUAMISH

REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES TOTAL INVENTORY SL RATIO

SALES TOTAL INVENTORY





  

SELLER'S MARKET BALANCED BUYER'S MARKET





3+ bdrms

5



5



2 bdrms

24





6



<2 bdrms

. . . . 0 0 0 0    QD QD QD QD QD                

16

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 February 5, 2020. All data from RealEstateBoardof 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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