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Sales to active ratio:
- February 2022 Overall = 100%
- Detached homes = 46%
- Condos = 167%
- Townhomes = 200%
- Higher than last month = 45%
- Higher than Feb 2021 = 60%
- Higher than 5yr Feb average = 44%
- Higher than 10yr Feb average = 33%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- February 2022 Sales = 80
- Higher than last month = 34
- Higher than Feb 2021 = 78
- Higher than 5 yr avg = 57
- 40% higher than 5 yr avg
- Higher than 10 yr avg = 48
- 67% higher than 10 yr avg
Inventory:
- February 2022 = 80
- More than last month = 76
- Lower than Feb 2021 = 130
- Lower than the 5 yr avg = 160
- Lower than the 10 yr avg = 211
In a nutshell
February was a strong month for real estate in Squamish. 80 sales, 80 avg inventory = 100% sales to active ratio. HPI benchmark price was up from this time last year, 23%-32% across the board. It’s moving so quickly I can even see it’s up from last month! On the opposite side, the market is shifting around us, more of a balanced market now in the Fraser Valley, even Whistler is starting to shift a bit slower. Let’s see how the spring market plays out!