rennie review - March 2023

squamish TOWNHOME-FEBRUARY 2023

SALES TO LISTINGSRATIO 29% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere24 townhom elistingsin Squam ish in February,33% aboveJanuaryand 100% higherthan February2022. Februarytownhom esalesincreased by40% m onth-over-m onth,to 7,and were71% below February 2022. Thesales-to-listing ratio fortow nhom esin Squam ish,at 29% ,reflected aselers'm arket. Thetownhom em edian pricein Februarywas$870,000,a 5% increasefrom Januaryand 16% below February2022. Theaveragesold pricewas$851,700,9% below last m onth;theaveragePSF salepricewas$637,down 0.8% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 13% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 20% VS 2022

▼ 16% VS 2022

▲ 100% VS 2022

▼ 71% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change -13% -20% -16% -85% -71% 100%

No.

% Change

TOTALLISTINGS TOTALSALES

$637 $851,700 $870,000 29% 7 24

24 12

$642 $938,470 $826,000 28% 5 18

40% 33%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$735 $1,069,665 $1,041,900 200%

5% 5%

-0.8% -9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 202 ● FEB 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

42

44

39

38

39

35

24

24

28

25

17

21

15

18

17

15 15

12

8

5

7

4

7

6

6

5

$1.04M $1.10M

$994K

$950K $985K $998K

$914K $898K $888K

$885K

$870K

$826K $870K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

8

4+ bdrms

3

6

67%

7

3 bdrms

56%

20

4

2 bdrms

2

1

0

<$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

3 2 67%

9 5 56%

8 0 n/a

4 0 n/a

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