the rennie review - December 2019

squamish

DETACHED - NOVEMBER 2019

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 4 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

50 % UP

-

33 % DOWN

42 % UP

BALANCED 20 %

The 85 detached listings in Squamish in November were down 16% compared to October and were 33% below November 2018. November’s detached sales (at 17) were down by 7 month-over-month but 5 higher year-over-year. The sales-to-listings ratio in November fell to 20%, as Squamish’s detached segment transitioned to balanced market territory. At $979,400, the benchmark price for detached homes was 0.7% lower vs October but 4% above November 2018. The average sold price of $1.05M was 3% below October 2019 and 50% higher vs November 2018.

VS 2018

VS 2018

VS 2018

VS 2018

VS 2018

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 101

% Change

No. 126

% Change

TOTAL LISTINGS

85 17

-16% -29% -16%

-33% 42% 110%

TOTAL SALES

24

12

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

20%

24%

10%

$979,400 $986,600 $1,045,988 $1,074,534

-0.7% $945,600 -3% $696,625

4%

50%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES TOTAL INVENTORY BENCHMARK PRICE

$945,600 $943,700 $943,700 $947,500 $980,900 $975,200 $979,400

1.43

1.40

1.40

1.38

1.38

1.38

129

126

124

122

119

100

85

22

22

17

16

13

12

8

Nov-18

Oct-19

Nov-19

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES TOTAL INVENTORY S-L RATIO

    

  

SELLER'S MARKET



BALANCED

BUYER'S MARKET





 



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

S-L RATIO SALES INVENTORY

Copyright © 2019 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 4, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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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