the rennie review | December 2023

squamish TOWNHOME - NOVEMBER 2 0 2 3

SALES TO LISTINGS RATIO 41% SELLERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▲ 25% VS 2022

MEDIAN PRICE

TOTAL LISTINGS

SALES

▲ 21% VS 2022

▲ 16% VS 2022

▲ 36% VS 2022

▲ 75% VS 2022

There were 34 townhome listings in Squamish in November, 15% below October and 36% higher than November 2022. November townhome sales increased by 17% month-over-month, to 14, and were 75% above November 2022. The sales-to-listing ratio for townhomes in Squamish, at 41%, reflected a sellers' market. The townhome median price in November was $1,040,000, a 9% increase from October and 16% above November 2022. The average sold price was $1,093,907, 13% above last month; the average PSF sale price was $720, up 8% to last month.

THIS MONTH No.

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change 25% 21% 16% 29% 75% 36%

No.

% Change

TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

14 34

$576 $906,250 $897,500 32% 8 25

12 40

8% 13% 9% 37% 17% -15%

$720 $1,093,907 $1,040,000 41%

$668 $971,750 $952,500 30%

▶ AVG PRICE PER SQUARE FOOT

▶ RECENT TRENDS

● NOV 2022 ● NOV 2023

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

40

31

29

34

30

30

24

25

27

26

25

17

21

15

14

18

13

14

12

12

11

11

8

7

6

5

$1.08M

$1.04M

$978K

$970K

$970K

$953K

$945K

$933K

$905K

$898K

$888K

$870K

$826K

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

14

4

12

4+ bdrms

7

10

9

8

62%

3 bdrms

23

6

1

4

25% 27%

2 bdrms

17%

3

2

0

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

1

S-L RATIO SALES INVENTORY

4 1 25%

11 3 27%

13 8 62%

6 1 17%

0 1 n/a

Copyright © 2023 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 December 11, 2023. 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. 42 ●

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