the rennie review - May 2021

squamish DETACHED-APRIL 2021

SALESTO LISTINGSRATIO 41% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 50% VS2020

▲ 36% VS2020

▼ 16% VS2020

▲ 190% VS2020

Therewere70detachedlistingsinSquamishinApril,8% aboveMarchand16%lowerthanApril2020. Aprildetachedhomesalesdecreasedby37% month-over-month,to29,andwere190%aboveApril 2020. Thesales-to-listingratiofordetachedinSquamish,at 41%,reflectedaseler'smarket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

29 70

10 83

244% 190% -16%

46 65

-41% -37% 8%

ThedetachedmedianpriceinAprilwas$1,525,000,a2% increasefromMarchand36%aboveApril2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,594,662 $1,525,000 41%

$1,538,720 $1,490,500 71%

$1,060,300 $1,125,000 12%

Theaveragesoldpricewas$1,594,662,4%abovelast monthandup50%toApril2020.

4% 2%

50% 36%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

106

12

96

97

1.83

96

93

83

1.72

69

1.64

66

1.63

65

70

1.57

1.55

46

38

50

29

40 27

25

31

30

29

27

19

10

17

12

$1.53M

$1.49M

$1.38M

$1.27M

$1.21M

$1.20M

$1.16M

$1.15M

$1.13M

$1.13M

$1.08M

$1.10M

$1.06M

Apr-20

Mar-21

Apr-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

100%

20

15

50%

47%

45%

10

36%

20%

5

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-LRATIO SALES INVENTORY

2 1 50%

0 2 n/a

2 2 100%

17 8 47%

22 10 45%

14 5 36%

5 1 20%

8 0 n/a

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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