rennie review - March 2023

squamish CONDO -FEBRUARY 2023

SALES TO LISTINGSRATIO 33% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 17% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 10% VS 2022

▼ 2% VS 2022

▲ 20% VS 2022

▼ 73% VS 2022

Therewere24 condolistingsin Squam ish in February,no changetoJanuaryand 20% higherthan February2022. Februarycondosalesincreased by100% m onth-over-m onth,to 8,and were73% below February 2022. Thesales-to-listing ratio forcondosin Squam ish,at33%, reflected aselers'm arket. Thecondom edian pricein Februarywas$708,500,a 28% increasefrom Januaryand 2% below February2022. Theaveragesold pricewas$646,500,11% abovelast m onth;theaveragePSF salepricewas$703,down 9% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$703 $646,500 $708,500 33% 8 24

30 20

-17% -10% -2% -78% -73% 20%

$771 $581,728 $548,455 17% 4 24

100% 100% 0%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$849 $715,063 $725,500 150%

-9% 11% 29%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 202 ● FEB 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

46

40

45

39

39

38

30

26

30

23

27

24

24

20

13

13

17

1

10

8

4

9

9

3

7

6

$726K $760K

$709K

$685K

$674K $626K $640K

$634K

$606K $642K

$605K

$548K

$525K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

14

12

4+ bdrms

10

8

3 bdrms

5

6

38%

30%

4

5

2 bdrms

13

2

0

3

<$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

10 3 30%

13 5 38%

1 0 n/a

6

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