the rennie review - December 2021

squamish CONDO-NOVEMBER 2021

SALESTO LISTINGSRATIO 112% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 41% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 44% VS2020

▲ 56% VS2020

▼ 71% VS2020

▼ 24% VS2020

Therewere17condolistingsinSquamishinNovember, 23%belowOctoberand71%lowerthanNovember2020. Novembercondosalesdecreasedby27% month-over-month,to19,andwere24%below November2020. Thesales-to-listingratioforcondosinSquamish,at 112%,reflectedaselers'market. ThecondomedianpriceinNovemberwas$812,000,a 27%increasefromOctoberand57%aboveNovember 2020. Theaveragesoldpricewas$801,250,21%abovelast month;theaveragePSFsalepricewas$783,up6%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

19 17

25 58

159% -24% -71%

26 22

6% 21% 27% -5% -27% -23%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$783 $801,250 $812,000 112%

$557 $558,148 $516,000 43%

$742 $660,979 $637,500 118%

41% 44% 57%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2020 ● NOV 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

58

52

43

42

36

35

42

39 25

26

25

25

25

25

28

27

16

19

22

21

19

17

16

14

14

1

$860K

$812K

$645K

$638K

$622K

$599K

$572K

$565K

$525K

$519K

$516K

$499K

$490K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

8

100%

100%+

4+bdrms

1

6

4

3bdrms

4

50% 50%

14

2

2bdrms

11

0

1

<$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

2 1 50%

4 2 50%

6 6 100%

5 8 160%

0 1 n/a

0 1 n/a

5

Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 37 ●

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