the rennie review - October 2021

squamish CONDO-SEPTEMBER 2021

SALESTO LISTINGSRATIO 56% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 28% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 59% VS2020

▲ 81% VS2020

▼ 60% VS2020

▼ 13% VS2020

Therewere25condolistingsinSquamishinSeptember, 32%aboveAugustand60%lowerthanSeptember2020. Septembercondosalesincreasedby27% month-over-month,to14,andwere13%below September2020. Thesales-to-listingratioforcondosinSquamish,at56%, reflectedaselers'market. ThecondomedianpriceinSeptemberwas$859,950,a 66%increasefromAugustand81%aboveSeptember 2020. Theaveragesoldpricewas$776,331,62%abovelast month;theaveragePSFsalepricewas$771,up23%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

14 25

16 63

121% -13% -60%

11 19

23% 62% 66% -3% 27% 32%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$771 $776,331 $859,950 56%

$599 $488,103 $474,000 25%

$625 $478,455 $519,000 58%

29% 59% 81%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2020 ● SEP 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

63

58

52

57

42

43 36

42

39 25

35

25 25

25

21

25

28

27

16

21

16

19 1

14

16

14

$860K

$645K

$622K

$599K

$572K

$565K

$525K

$519K

$516K

$499K

$493K

$490K

$474K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

14

100%+ 100%+

12

4+bdrms

10

8

4

3bdrms

3

6

31% 29%

4

5

2bdrms

11

2

0

5

<$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 0 n/a

13 4 31%

7 2 29%

2 5 250%

1 3 300%

11

Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 34 ●

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