the rennie review - January 2023

squamish DETACHED -DECEMBER 202

SALESTO LISTINGSRATIO 10% BUYERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 3% VS2021

▼ 3% VS2021

▲ 157% VS2021

▼ 70% VS2021

Therewere72 detached listingsin Squam ish in D ecem ber,23% below N ovem berand 157% higherthan D ecem ber2021. D ecem berdetached hom esalesdecreased by 36% m onth-over-m onth,to7,and were70% below D ecem ber 2021. Thesales-to-listing ratio fordetached in Squam ish,at 10% ,reflected abuyers'm arket. Thedetachedm edian pricein D ecem berwas$1,585,000, a22% increasefrom N ovem berand 3% below D ecem ber 2021. Theaveragesold pricewas$1,606,429,12% abovelast m onth and down 3% toD ecem ber2021.

THISMONTH No. $1,606,429 $1,585,000 10% 7 72

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

%Change

No.

TOTALLISTINGS TOTALSALES

23 28

-88% -70% 157%

12% 22% -18% -36% -23%

11 93

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,433,966 $1,302,271 12%

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

-3% -3%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

108

10

106

93

102 102

1.79

1.71

89

72

1.47

1.451.48

68

55

1.30

41

27

24

28

34

18

15

14

12

1

23

8

20

19

13

7

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

$1.62M

$1.59M

$1.50M $1.51M

$1.34M $1.28M $1.31M

$1.30M

Dec-21

Nov-22

Dec-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

14

12

10

8

50%

6

4

22%

14%

2

8%

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

2 0 n/a

1 0 n/a

2 0 n/a

9 2 22%

12 1 8%

14 2 14%

4 2 50%

14 0 n/a

14 0 n/a

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