squamish TOWNHOME - MAY 2 0 2 4
SALES TO LISTINGS RATIO 49% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 17% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.8% VS 2023
▲ 23% VS 2023
▲ 29% VS 2023
▼ 0.2% VS 2023
There were 37 townhome listings in Squamish in May, 19% above April and 23% higher than May 2023.
May townhome sales decreased by 10% month-over-month, to 18, and were 29% above May 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for townhomes in Squamish, at 49%, re(ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
18 37
14 30
29% 23%
20 31
8% 0.2% -6% -25% -10% 19%
The townhome median price in May was $976,500, a 6% decrease from April and 0.2% below May 2023. The average sold price was $1,029,511, 0.2% above last month; the average PSF sale price was $761, up 8% to last month.
$761 $1,029,511 $976,500 49%
$651 $1,010,993 $978,000 47%
17% 1.8% -0.2% 4%
$703 $1,027,938 $1,042,000 65%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAY 2023 ● MAY 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
40
37
32
31
34
30
31
30
29
28
27
26
25
20
18
15
14
13
14
11
13
12
11
11
7
6
$1.04M $999K $1.07M
$1.04M
$978K
$977K
$970K
$970K
$970K
$965K
$953K
$933K
$905K
SQUAMISH
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
3
4+ bdrms
15
83%
4
67%
13
10
3 bdrms
50%
29
2
5
2 bdrms
18%
4
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
2 1 50%
12 10 83%
17 3 18%
6 4 67%
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of June 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 42 ●
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