the rennie review - August 2021

squamish CONDO-JULY 2021

SALESTO LISTINGSRATIO 114% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 24% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 40% VS2020

▲ 39% VS2020

▼ 83% VS2020

▼ 24% VS2020

Therewere14condolistingsinSquamishinJuly,44% belowJuneand83%lowerthanJuly2020.

Julycondosalesdecreasedby24%month-over-month,to 16,andwere24%belowJuly2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosinSquamish,at 114%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

16 14

21 80

335% -24% -83%

21 25

-1.3% 14% 4% 36% -24% -44%

ThecondomedianpriceinJulywas$622,000,a4% increasefromJuneand39%aboveJuly2020. Theaveragesoldpricewas$659,094,14%abovelast month;theaveragePSFsalepricewas$684,up1.3%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$684 $659,094 $622,000 114%

$553 $469,745 $449,000 26%

$693 $578,226 $599,000 84%

24% 40% 39%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

80

63

58

64

52

57

43

42

36

42

39

25 25

35

25

21

28

27

21

25

21

16

17

16

16

14

$645K

$622K

$599K

$572K

$565K

$525K

$516K

$499K

$493K

$490K

$474K

$455K

$449K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

8

1

100%

100%+

4+bdrms

6

1

3bdrms

2

4

9

2

2bdrms

4

0

5

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

<2bdrms

S-LRATIO SALES INVENTORY

4 0 n/a

7 7 100%

2 8 400%

1 0 n/a

0 1 n/a

8

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 34 ●

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