the rennie review - August 2023

squamish DETACHED -JULY 2023

SALES TO LISTINGSRATIO 26% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 28% VS 2022

▲ 20% VS 2022

▼ 23% VS 2022

▲ 50% VS 2022

Therewere82 detached listingsin Squam ish in July,13% below Juneand 23% lowerthan July2022. July detached hom esalesincreased by 17% m onth-over-m onth,to21,and were50% aboveJuly 2022. Thesales-to-listing ratio fordetached in Squam ish,at 26% ,reflected aselers'm arket.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

21 82

$1,274,750 $1,338,000 13% 14 106

28% 20% 94% 50% -23%

18 94

18% 2% 34% 17% -13%

Thedetachedm edian pricein Julywas$1,612,000,a2% increasefrom Juneand 20% aboveJuly2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,632,667 $1,612,000 26%

$1,389,050 $1,576,750 19%

Theaveragesold pricewas$1,632,667,18% abovelast m onth and up 28% toJuly2022.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

108

106

94

93

92

102 102

82

1.66

1.63

89

82

1.54

1.53

81

72

1.41

68

1.36

23

17

15

21

12

8

8

14

7

18

15

1

1

$1.62M

$1.59M

$1.58M $1.61M

$1.50M $1.53M

$1.36M $1.34M

$1.34M $1.28M $1.31M

$1.30M

$1.31M

22-Jul

23-Jun 23-Jul

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

25

100%+

20

15

52%

10

33%

22%

5

12%

10%

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-L RATIO SALES INVENTORY

3 1 33%

2 0 n/a

2 3 150%

9 2 22%

23 12 52%

17 2 12%

16 0 n/a

10 1 10%

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