the rennie review - June 2021

squamish CONDO-MAY 2021

SALESTO LISTINGSRATIO 78% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 5% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 17% VS2020

▲ 35% VS2020

▼ 53% VS2020

▲ 600% VS2020

Therewere36condolistingsinSquamishinMay,16% belowApriland53%lowerthanMay2020.

Maycondosalesdecreasedby20%month-over-month, to28,andwere600%aboveMay2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosinSquamish,at78%, reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

28 36

$600 $453,250 $425,500 5% 4 76

600% -53%

35 43

-7% -12% 1.3% -4% -20% -16%

ThecondomedianpriceinMaywas$572,450,a1.3% increasefromApriland35%aboveMay2020. Theaveragesoldpricewas$530,989,12%belowlast month;theaveragePSFsalepricewas$631,down7%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$631 $530,989 $572,450 78%

5% 17% 35% 1,378%

$679 $601,789 $565,000 81%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

80

76

63

70

58

64

52

57

43

42

39

42

36 28

25 25

25

35

21

21

17

27

17

16

16

4

$645K

$572K

$565K

$525K

$516K

$499K

$493K

$490K

$475K

$474K

$455K

$449K

$426K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100%+

4+bdrms

92%

15

1

3

61%

3bdrms

10

5

50%

13

5

2bdrms

19

0

12

<$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

3 5 167%

18 11 61%

12 11 92%

2 1 50%

1 0 n/a

11

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 34 ●

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