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- Sales to active listings = 39% for December 2017, compared to 27% November 2017 and just 16% in December 2016.
- **This ratio is calculating the monthly sales compared to the total # of listings, basically if there were no other listings how long would it take for the listings to run out. At 35% it would take just over 3 months.
- Referencing this statistic: <12% is a buyers market and puts downward pressure on price, between 12%-20% is a balanced market with no pressure on price, >20% is a sellers market with upward pressure on price.
- HPI Benchmark Price:
- Detached: Dec 2017 = $1M, that’s $170k higher than Dec 2016.
- Townhomes: Dec 2017 = $843k, that’s $194k higher than Dec 2016.
- Condos: Dec 2017 $465k, that’s $95k higher than Dec 2016.
- In the last 30 days 79% of properties in Squamish have sold for under the list price. 8% sold over-asking and 13% sold at the list price.