the rennie review - April 2023

squamish CONDO -MARCH 2023

SALES TO LISTINGSRATIO 46% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 14% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 24% VS 2022

▼ 25% VS 2022

▲ 53% VS 2022

▼ 48% VS 2022

Therewere26 condolistingsin Squam ish in M arch,8% aboveFebruaryand 53% higherthan M arch 2022.

M arch condosalesincreased by50% m onth-over-m onth, to12,and were48% below M arch 2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin Squam ish,at46%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

12 26

23 17

-14% -24% -25% -66% -48% 53%

$703 $646,500 $708,500 33% 8 24

1.4% -11% -20% 38% 50% 8%

Thecondom edian pricein M arch was$567,500,a20% decreasefrom Februaryand 25% below M arch 2022. Theaveragesold pricewas$576,417,11% below last m onth;theaveragePSF salepricewas$713,up 1.4% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$713 $576,417 $567,500 46%

$832 $761,009 $760,000 135%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

46

40

45

39

39

38

26

30

26

23

27

24 24

13

13

17

1

10

12

4

9

9

3

8

7

6

$760K

$709K

$685K

$674K $626K $640K

$634K

$606K $642K

$605K

$568K

$548K

$525K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

14

100%

12

4+ bdrms

10

8

2

3 bdrms

8

6

38%

4

6

2 bdrms

14

2

0

4 4

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

2 0 n/a

7 7 100%

13 5 38%

4 0 n/a

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