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Sales to active ratio:
- December 2020 Overall = 82%
- Detached homes = 74%
- Condos = 63%
- Townhomes = 213%
- Higher than last month = 53%
- Higher than Dec 2019 = 25%
- Higher than the 5yr Dec average = 36%
- Higher than 10yr Dec average = 24%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Dec 2020 Sales = 75
- Lower than last month = 83
- Higher than Dec 2019 = 36
- Higher than 5 yr avg = 41
- 83% Higher than 5 yr avg
- Higher than 10 yr avg = 33
- 127% higher than 10 yr avg
Inventory:
- Dec 2020 = 91
- Less than last month = 155
- Less than Dec 2019 = 144
- Lower than the 5 yr avg = 142
- Lower than the 10 yr avg = 192
In a nutshell
The market is extremely strong. Highest # of sales that we’ve seen for a December, and the highest overall sales to active ratio for any month in the history of the Squamish real estate market! It’s January, usually the market is pretty slow during this time, I can only imagine how busy it will be in the Spring. Time will tell.