the rennie review - November 2022

squamish DETACHED -OCTOBER 202

SALES TO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY Therewere108 detached listingsin Squam ish in O ctober,6% aboveSeptem berand 130% higherthan October2021. O ctoberdetached hom esalesincreased by 25% m onth-over-m onth,to 15,and were38% below O ctober 2021. Thesales-to-listing ratio fordetached in Squam ish,at 14% ,reflected abalanced m arket. Thedetachedm edian pricein Octoberwas$1,620,000,a 23% increasefrom Septem berand 5% aboveO ctober 2021. Theaveragesold pricewas$1,725,733,28% abovelast m onth and up 8% toOctober2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 8% VS 2021

▲ 5% VS 2021

▲ 130% VS 2021

▼ 38% VS 2021

THISMONTH No. $1,725,733 $1,620,000 14% 15 108

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

24 47

-73% -38% 130%

$1,335,958 $1,313,750 12% 12 102

29% 23% 18% 25% 6%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,601,433 $1,539,950 51%

8% 5%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

108

10

106

102 102

1.771.74

89

1.63

1.48

1.48

55 68

1.38

44

47

41

28

27

24

34

18

24

14

12

23

15

8

20

20

19

13

$1.68M $1.77M $1.54M $1.53M $1.63M $1.53M $1.63M

$1.62M

$1.50M $1.51M

$1.34M $1.28M $1.31M

Oct-21

Sep-22

Oct-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

30

100%

25

20

15

10

25%

20%

17%

5

7%

6%

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-L RATIO SALES INVENTORY

1 1 100%

1 0 n/a

14 1 7%

16 4 25%

30 6 20%

12 2 17%

17 0 n/a

17 1 6%

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