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- Sales to active listings ratio = 26% for April 2018, compared to 28% March 2018 and 40% in March 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: April 2018 = $1M that’s $100k higher than April 2017.
Townhomes: April 2018 = $937k, that’s $186k higher than April 2017.
Condos: April 2018 = $544k, that’s $149k higher than April 2017.
- In the last 30 days: 69% of properties in Squamish have sold for under the list price, 19% sold over-asking and 12% sold at the list price.
- Inventory continues to increase up from 169 in March to 207 in April.
- Days on market increased to 29 for the month of April.