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Squamish Real Estate Update – June 2019

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May 2019 Stats: 

Sales to active listings ratio =19% for May 2019, just pushing Squamish into the high end of a balanced market.
Breaking that down into property types: Detached =17%, Condos =14%, and Townhomes increased to 29% up from 18% in April.

  • **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.
  • Referencing this statistic: <12% is a buyer’s market and puts downward pressure on price, between 12%-20% is a balanced market with no pressure on price, >20% is a seller’s market with upward pressure on price.

HPI Benchmark Price:

  • Detached: May 2019 = $947k that’s almost $62k lower than May 2018.
  • Townhomes: May 2019 = $694k, that’s $56k lower than May 2018.
  • Condos: May 2019 = $506k, that’s $7k higher than May 2018.

In the last 30 days: 85% of properties in Squamish sold for under the list price, 7.5% of properties sold at list price and 7.5% sold over ask.
Inventory dropped slightly to 226, In May 2018 he inventory sat at 260.
Average days on market decreased to 52.

Whistler Real Estate Update – June 2019

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May 2019 Stats:

Sales to active listings = 12% for May 2019 keeping Whistler in a balanced market.
Breaking that down into property types: Detached homes = 5%, Condos = 17%, and Townhomes = 10%.

  • **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.
  • 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: May 2019 = $1.5M, that’s $37k less than May 2018.
  • Townhomes: May 2019 = $880k, that’s $93k less than  May 2018.
  • Condos: May 2019 = $500k, that’s $20k higher than May 2018.

In the last 30 days 76% of properties sold for under the list price, 8% sold over asking and 16% sold at list price.
Average days on the market dropped to 59.

WHISTLER REAL ESTATE UPDATE – MAY 2019

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April 2019 Stats:
Sales to active listings = 15% for April 2019 keeping Whistler in a balanced market.
Breaking that down into property types: Detached homes = 7%, Condos = 15%, and Townhomes = 22%.

  • **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.
  • 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 2019 = $1.7M, that’s $33k less than April 2018.
  • Townhomes: April 2019 = $886k, that’s $42k less than April 2018.
  • Condos: April 2019 = $531k, that’s $65k less than April 2018.

In the last 30 days 86% of properties sold for under the list price, 5% sold over asking and 9% sold at list price.
Average days on the market for April increased to 72.

Squamish Real Estate Update – May 2019

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April 2019 Stats: 

Sales to active listings ratio=17% for April 2019, dropping slightly from 21% in March pushing Squamish back into a balanced market.
Breaking that down into property types: Detached =19%, Condos =14% last month they were sitting at 24%, Townhomes dropped to 18% down from a high of 41%.

  • **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.
  • Referencing this statistic: <12% is a buyer’s market and puts downward pressure on price, between 12%-20% is a balanced market with no pressure on price, >20% is a seller’s market with upward pressure on price.

HPI Benchmark Price:

  • Detached: April 2019 = $986k that’s almost $41k lower than April 2018.
  • Townhomes: April 2019 = $674k, that’s $33k lower than April 2018.
  • Condos: April 2019 = $491k, that’s $53k lower than April 2018.

In the last 30 days: 91% of properties in Squamish sold for under the list price, 2% of properties sold at list price and 7% sold over ask.
Inventory continued to increase to 238, In April 2018 we saw a figure of 215.
Average days on market increased to 89.