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- Sales to active listings = 35% for February 2018, compared to 14% January 2018 and just 21% in February 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: Feb 2018 = $993K that’s $116k higher than Feb 2017.
- Townhomes: Feb 2018 = $848k, that’s $119k higher than Feb 2017.
- Condos: Feb 2018 $488k, that’s $118k higher than Feb 2017.
- In the last 30 days 64% of properties in Squamish have sold for under the list price. 10% sold over-asking and 26% sold at the list price.
- Inventory continues to increased but is still below that of Feb 2017.
- Days on market dropped substantially to just 12 days for the month of Feb. This is the lowest number of days since April 2016.