squamish CONDO - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 75% VS 2023
▼ 6% VS 2023
▼ 8% VS 2023
▼ 8% VS 2023
There were 63 condo listings in Squamish in June, 17% above May and 75% higher than June 2023.
June condo sales decreased by 8% month-over-month, to 12, and were 8% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for condos in Squamish, at 19%, reflected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12 63
13 36
-5% -6% -8% -47% -8% 75%
13 54
-10% -15% -8% -21% -8% 17%
The condo median price in June was $633,500, a 8% decrease from May and 8% below June 2023. The average sold price was $628,492, 15% below last month; the average PSF sale price was $733, down 10% to last month.
$733 $628,492 $633,500 19%
$773 $669,538 $688,000 36%
$810 $735,577 $690,000 24%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
63
54
45
41
41
49
47
39
36
39
37
33
30
17
14
13
12
8
8
5
5
5
13
8
7
7
$757K
$725K
$688K
$690K
$670K
$671K
$675K
$675K
$636K
$634K
$623K
$559K
$540K
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
16
14
4+ bdrms
12
10
2
3 bdrms
8
9
6
29% 27%
25%
25%
4
4
2 bdrms
14%
30
2
0
6
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1.0M+
<2 bdrms
S-L RATIO SALES INVENTORY
3 0 n/a
4 1 25%
14 4 29%
15 4 27%
8 2 25%
7 1 14%
5 0 n/a
7 0 n/a
24
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 July 8, 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. 43 ●
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