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Sales to active ratio:
- November 2020 Overall = 55%
- Detached homes = 40%
- Condos = 46%
- Townhomes = 162%
- Higher than last month = 45%
- Higher than Nov 2019 = 23%
- Higher than the 5yr Nov average = 30%
- Higher than 10yr Nov average = 21%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Nov 2020 Sales = 83
- Lower than last month = 90
- Higher than Nov 2019 = 46
- Higher than 5 yr avg = 52
- 60% Higher than 5 yr avg
- Higher than 10 yr avg = 43
- 93% higher than 10 yr avg
Inventory:
- Nov 2020 = 151
- Less than last month = 202
- Less than Nov 2019 = 200
- Lower than the 5 yr avg = 195
- Lower than the 10 yr avg = 252
In a nutshell
November was yet again another banner month. The strongest November in the history of the Squamish real estate market. Townhome sales to active ratio was 160%!! 2020 YTD sales are now the highest they’ve been in the last 4 years, and inventory is down. Things should quiet down over Christmas, I expect January to keep a strong pace but only time will tell.