the rennie review - August 2023

squamish CONDO -JULY 2023

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 14% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 0.9% VS 2022

▼ 0.6% VS 2022

▼ 28% VS 2022

▲ 167% VS 2022

Therewere33 condolistingsin Squam ish in July,8% below Juneand 28% lowerthan July2022.

Julycondosalesdecreased by38% m onth-over-m onth,to 8,and were167% aboveJuly2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin Squam ish,at24%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$875 $640,875 $636,000 24% 8 33

$769 $635,000 $640,000 7% 3 46

14% 0.9% -0.6% 272% 167% -28%

13 36

13% -4% -8% -33% -38% -8%

Thecondom edian pricein Julywas$636,000,a8% decreasefrom Juneand 0.6% below July2022. Theaveragesold pricewas$640,875,4% below last m onth;theaveragePSF salepricewas$875,up 13% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$773 $669,538 $688,000 36%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 202 ● JUL 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

46

40

45

39

36

34

39

33

26

28

27

24 24

14

13

13

12

1

1

8

4

9

8

7

3

6

$709K

$710K

$685K

$688K $636K

$640K $606K $642K

$605K

$568K

$548K

$525K

$520K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

16

14

4+ bdrms

12

10

1

3 bdrms

8

9

43%

6

33%

3

4

2 bdrms

16

2

0

4

<$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

1 0 n/a

7 3 43%

15 5 33%

8 0 n/a

1 0 n/a

1 0 n/a

8

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