the rennie review - April 2023

squamish DETACHED -MARCH 2023

SALES TO LISTINGSRATIO 21% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 4% VS 2022

▼ 9% VS 2022

▲ 47% VS 2022

▼ 37% VS 2022

Therewere81 detached listingsin Squam ish in M arch, 1.2% below Februaryand 47% higherthan M arch 2022. M arch detached hom esalesincreased by 42% m onth-over-m onth,to 17,and were37% below M arch 2022. Thesales-to-listing ratio fordetached in Squam ish,at 21% ,reflected abalanced m arket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

17 81

27 55

-57% -37% 47%

12 82

43% 42% -1.2%

Thedetachedm edian pricein M arch was$1,525,000,a 6% increasefrom Februaryand 9% below M arch 2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,560,941 $1,525,000 21%

$1,479,667 $1,444,500 15%

$1,628,737 $1,679,000 49%

Theaveragesold pricewas$1,560,941,5% abovelast m onth and down 4% toM arch 2022.

5% 6%

-4% -9%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

108

10

93

106

89

102 102

82

1.67

1.66

1.61

81

1.53

1.45

72

68

68

55

1.23

24

27

18

15

14

12

17

8

8

7

19

1

12

$1.68M $1.77M

$1.62M

$1.59M

$1.50M $1.51M

$1.44M $1.53M

$1.34M $1.28M $1.31M

$1.30M

$1.31M

22-Mar

23-Feb

23-Mar

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

100%

15

80%

10

35%

5

22%

20%

11%

11%

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

5 1 20%

1 0 n/a

1 1 100%

5 4 80%

9 2 22%

17 6 35%

18 2 11%

16 0 n/a

9 1 11%

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