the rennie review - August 2020

squamish

DETACHED  JULY 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 1.3 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

20 % UP

-

19 % DOWN

SELLER’S 24 %

92 % UP

The 104 detached listings in Squamish in July were down 6% compared to June and 19% below July 2019. July’s detached sales (at 25) increased by 47% month-over-month and rose 92% year-over-year. The sales-to-listings ratio in July increased to 24%, as Squamish’s detached segment transitioned to seller’s market territory. At $993,800, the benchmark price for detached homes was 1.7% above June and 1.3% higher vs July 2019. The average sold price of $1.15M was 2% above June and 20% higher vs July 2019.

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 111

% Change

No. 129

% Change

TOTAL LISTINGS

104

-6% 47% 57%

-19% 92% 139% 1.3%

TOTAL SALES

25

17

13

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

24%

15%

10%

$993,800 $977,100 $1,154,360 $1,132,176

1.7% $980,900 2% $958,461

20%

-

-

-

-

-

RATIO OF BENCHMARK PRICES ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$980,900 $975,200 $979,400 $987,800 $971,400 $952,800 $993,800

1.46

1.46

1.44

1.43

1.43

1.36

129

122

104

103

97

89

75

25

22

18

17

13

12

12

Jul-19

Jun-20

Jul-20

TOTAL LISTINGS & SALES BY PRICE RANGE ›

SALES

TOTAL INVENTORY

SL RATIO

        



  

SELLER'S MARKET

BALANCED



BUYER'S MARKET



 



. . . 0 0 0 0 0  QD    QD QD QD                

S-L RATIO SALES INVENTORY

Copyright © 2020 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 August 7, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.

32

Made with FlippingBook - professional solution for displaying marketing and sales documents online