the rennie review - August 2021

squamish DETACHED-JULY 2021

SALESTO LISTINGSRATIO 20% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 23% VS2020

▲ 13% VS2020

▼ 28% VS2020

▼ 44% VS2020

Therewere69detachedlistingsinSquamishinJuly,3% belowJuneand28%lowerthanJuly2020. Julydetachedhomesalesdecreasedby26% month-over-month,to14,andwere44%belowJuly 2020. Thesales-to-listingratiofordetachedinSquamish,at 20%,reflectedabalancedmarket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

14 69

25 97

23% 13% -21% -44% -29%

19 71

-5% -15% -24% -26% -3%

ThedetachedmedianpriceinJulywas$1,300,000,a15% decreasefromJuneand13%aboveJuly2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,418,231 $1,300,000 20%

$1,488,316 $1,525,000 27%

$1,154,360 $1,155,000 26%

Theaveragesoldpricewas$1,418,231,5%belowlast monthanddown23%toJuly2020.

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

12

96

97

1.76

96

1.64

71

1.63

70

69

66

1.57

69

70

1.45

65

1.29

38

50

33

46

29

40 27

25

31

30

29

27

14

19

19

$1.53M

$1.53M

$1.49M

$1.38M

$1.38M

$1.30M

$1.27M

$1.21M

$1.20M

$1.16M

$1.15M

$1.10M

$1.06M

Jul-20

Jun-21

Jul-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

20

15

50%

10

31%

23%

5

14%

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

4 2 50%

0 1 n/a

3 0 n/a

16 5 31%

22 5 23%

9 0 n/a

8 0 n/a

7 1 14%

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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