the rennie review - February 2022

squamish DETACHED-JANUARY 202

SALESTO LISTINGSRATIO 38% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 15% VS2021

▲ 27% VS2021

▼ 32% VS2021

▼ 32% VS2021

Therewere34detachedlistingsinSquamishinJanuary, 21%aboveDecemberand32%lowerthanJanuary2021. Januarydetachedhomesalesdecreasedby43% month-over-month,to13,andwere32%belowJanuary 2021. Thesales-to-listingratiofordetachedinSquamish,at 38%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,525,000,a 7%decreasefromDecemberand27%aboveJanuary 2021. Theaveragesoldpricewas$1,407,608,15%belowlast monthandup15%toJanuary2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

13 34

19 50

15% 27% 0.6% -32% -32%

23 28

-15% -7% -53% -43% 21%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,407,608 $1,525,000 38%

$1,655,261 $1,631,500 82%

$1,228,479 $1,200,000 38%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

66

71

70 70

69

65

1.71

51

46

54

44

1.52

50

1.47

47

1.381.32

33

34

28

1.22

24

31

29

19

23

20

20

19

19

14

13

$1.63M

$1.54M

$1.53M

$1.53M

$1.53M

$1.53M

$1.49M $1.38M

$1.38M

$1.35M

$1.30M

$1.26M

$1.20M

Jan-21

Dec-21

Jan-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

12

100%+

10

8

67%

6

50%

50%

42%

4

2

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 2 200%

2 1 50%

6 3 50%

12 5 42%

3 2 67%

5 0 n/a

5 0 n/a

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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