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Sales to active ratio:
- February 2022 = 78%
- Detached homes = 21%
- Condos = 107%
- Townhomes = 108%
- Higher than last month = 42%
- Higher than Feb 2021 = 38%
- Higher than 5yr Feb average = 35%
- Higher than 10yr Feb average = 26%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- February 2022 = 78
- Higher than last month = 45
- Lower than Feb 2021 = 79
- Higher than 5 yr avg = 56.5
- 38% Higher than 5 yr avg
- Higher than the 10 yr avg = 57
- 37% Higher than 10 yr avg
Inventory:
- February 2022 = 100
- Lower than last month =108
- Lower than Feb 2021 = 208
- Lower than the 5 yr avg = 207
- Lower than the 10 yr avg = 312
In a nutshell
February was a strong month for real estate in Squamish. 78 sales, 100 avg inventory = 78% sales to active ratio. HPI benchmark price was up from this time last year, 20%-38% 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, and the Whistler market seems to have slowed a bit. This could be temporary, let’s see how the spring market plays out!