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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.

Whistler Real Estate Update – April 2019

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Q1 YTD Quick Stats:

  • Sales: Down 40% – 2019=13 vs. 2018=216.
  • Inventory: Up 36% – 2019=216 vs. 2018=130.
  • Days on Market: Up 236% = 2019=52 vs. 2018=22.
  • Rising inventory + lower sales = softening prices.

March 2019 Stats:
Sales to active listings = 16% for March 2019 pushing Whistler back into a balanced market.
Breaking that down into property types: Detached homes = 10%, Condos = 17%, and Townhomes = 19%.

  • **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: March 2019 = $1.7M, that’s $60k less than March 2018.
  • Townhomes: March 2019 = $872k, that’s $47k less than March 2018.
  • Condos: March 2019 = $511k, that’s $24k less than March 2018.

In the last 30 days 77% of properties sold for under the list price, 10% sold over asking and 13% sold at list price.
Average days on the market for March increased to 69 from 44 in February.

Squamish Real Estate Update – April 2019

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March 2019 Stats: 

Sales to active listings ratio=21% for March 2019. That figure increased from 17% last month, pushing Squamish into a seller’s market.
Breaking that down into property types: Detached =13%, Condos =24% this was a big increase on last month’s figure of just 9%, Townhomes increased slightly to 44%.

  • **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: March 2019 = $980k that’s almost $23k lower than March 2018.
  • Townhomes: March 2019 = $655k, that’s $41k lower than March 2018.
  • Condos: March 2019 = $469k, that’s $22k lower than March 2018.

In the last 30 days: 88% of properties in Squamish sold for under the list price, 6% of properties sold at list price and 6% sold over ask.
Inventory continued to increase to 230, In March 2018 we saw a figure of just 172.
Average days on market decreased slightly to 70, but still remains a lot higher than March 2018 which saw an average of just 33 days on market.

Sea and Sky

(Formally know as Waterfront Landings)

Development Details:

Building type: Townhomes & Condos

Ownership: Freehold

Builders: Bluesky and Kingswood Properties

Sale Start: Phase 1 Fall 2018 (units still available), Phase 2 coming Spring/summer 2019

Sale Price: Starting at $689,900 – $899,900 (Phase 1)

This Bluesky and Kingswood Properties development is located on the Mamquam Blind Channel. It will include a multi-phased development of mixed residential and commercial/retail use. This 53-acre development site will offer over 900 residential units, which will be a mixture of townhouses and condos. Prices starting at $689,900 for 2 bed +flex, $798,900 for 3 bed + Flex. Phase 1 homes are expected to complete summer 2019/Spring 2020, Phase 2 will be on sale in 2019. The SEAandSKY development will feature a pedestrian drawbridge linking the community to downtown Squamish, a waterfront park, public plaza and amenities including an outdoor pool and a full-sized Gymnasium, shops and cafes plus extensive walkways and pedestrian corridors.

LAST UPDATED: March 2019

Click here for: SEAandSKY – Floor PlansPrice guide

 

More Information

Squamish Real Estate Update – March 2019

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February 2019 Stats: 

Sales to active listings ratio=17% for February 2019. That figure increased from 11% last month, keeping Squamish in a balanced market.
Breaking that down into property types: Detached =14% up from just 8% in January, Condos = 9%, Townhomes = Increased to 42% a huge jump from last month’s 16%.

  • **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: Feb 2019 = $1M that’s almost $18k higher than Feb 2018.
  • Townhomes: Feb 2019 = $658k, that’s $16k lower than Feb 2018.
  • Condos: Feb 2019 = $459k, that’s $29k lower than Feb 2018.

In the last 30 days: 90% of properties in Squamish sold for under the list price, 4% of properties sold at list price and 6% sold over ask.
Inventory continued to increase to 226, In Feb 2018 when we saw a figure of just 164.
Average days on market increased to 78, In Feb 2018 that figure was 32 Days.