Squamish Real Estate Update – January 2018

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January 2018 Stats

  • Sales to active listings = 15% for Jan 2018, compared to 38% December 2017 and just 16% in Jan 2017.
    • **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: Jan 2018 = $1M, that’s $158k higher than Jan 2017.
    • Townhomes: Jan 2018 = $786k, that’s $137k higher than Jan 2017.
    • Condos: Jan 2018 $490k, that’s $119k higher than Jan 2017.
  • In the last 30 days 60% of properties in Squamish have sold for under the list price. 15% sold over-asking and 25% sold at the list price.
  • We have seen a substantial increase in the number of new properties on the market in Squamish for Jan rising to 80, in Dec 2017 we had just 26.