the rennie review - May 2021

squamish CONDO-APRIL 2021

SALESTO LISTINGSRATIO 81% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 31% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 39% VS2020

▲ 26% VS2020

▼ 35% VS2020

▲ 1067% VS2020

Therewere43condolistingsinSquamishinApril,17% belowMarchand35%lowerthanApril2020.

Aprilcondosalesincreasedby30%month-over-month, to35,andwere1067%aboveApril2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosinSquamish,at81%, reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

35 43

$518 $434,000 $447,000 5% 3 66

1,691% 1,067% -35%

27 52

7% 12% 13% 57% 30% -17%

ThecondomedianpriceinAprilwas$565,000,a13% increasefromMarchand26%aboveApril2020. Theaveragesoldpricewas$601,789,12%abovelast month;theaveragePSFsalepricewas$679,up7%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$679 $601,789 $565,000 81%

$632 $536,728 $499,000 52%

31% 39% 26%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2020 ● APR 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

76

80

63

66

70

58

64

52

57

42

35 43

42

39

25 25

21

21

17

27

25

17

16

16

4

3

$645K

$565K

$525K

$516K

$499K

$493K

$490K

$475K

$474K

$455K

$447K

$449K

$426K

SQUAMISH

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

4+bdrms

89%

15

80%

65% 67%

7

3bdrms

10

6

13

5

2bdrms

20

0

15

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

<2bdrms

S-LRATIO SALES INVENTORY

5 4 80%

18 16 89%

17 11 65%

3 2 67%

0 1 n/a

0 1 n/a

17

Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 34 ●

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