squamish market update

Squamish Real Estate Update – August 2019

July 2019 Stats

Sales to active ratio:

  • July 2019 Overall = 14%
  • Detached homes = 11%
  • Condos = 14%
  • Townhomes = 20%
  • Lower than last month = 15%
  • Lower than July 2018 = 18%
  • Lower than 5yr July average = 24%
  • Lower than 10yr July average = 17

**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**


  • July 2019 Sales = 36
  • Down from last month = 39
  • Down from July 2018 = 48
  • Down from 5 yr avg = 53
  • Down from 10 yr avg = 44


  • July 2019 = 260
  • Last month the same = 260
  • About the same as July 2018 = 266
  • Higher than the 5 yr avg = 230
  • Lower than the 10 yr avg = 320

Overall, what’s going on:

I’ve got to be honest, I was a bit surprised to see these low numbers for July.  July was the busiest month for me in 2019 so far, also the same for the colleagues in my office. It feels busier out there than the numbers would suggest.

** Featured Listing 1 **
210 37881 Cleveland Ave, Squamish BC – $348,999
Don’t miss this opportunity to own at “The Main”! Great entry level suite, pied-a-terre or investment property. No wasted space in this 532 sqft one bedroom + flex room suite featuring stainless steel appliances + light palette colour scheme. Enjoy being steps away from breweries, shopping, the waterfront, Farmer’s market, library + estuary from this prime Downtown location. Walk, bike, kite, hike, paddle. Amenities include elevator access, secured parking and bike storage, pet + bike wash station, common garden area. Currently under construction with completion Dec 2019 – March 2020 offering 2-5-10 year warranty. This is an assignment + GST is applicable. All measurements are approximate.
** Featured Listing 2 **
1 41301 Skyridge Place, Squamish BC – $829,000
AMAZING VIEW END UNIT townhouse at SKYRIDGE – Bright, modern + expansive 2045 sq.ft. Ridge plan on 3 levels. Enjoy all the natural light + views, extra windows on the side, open plan living w/ doors to south deck w/ mtn views plus south patio + option for private fenced yard off rec rm. Master features soaker tub + glass shower. Wake up to VIEWS of the Chief + Tantalus Range! Upgrades: gas f/p, furnace + stove, on demand hot water, insulated interior walls, white shaker cabinets, quartz counters, pantry, heated tile bathroom floors, wool carpets, h/w floors! Imagine a garage + 20 ft driveway for parking! Steps to Montessori school + forested trails – 20 min to Alice Lake! Easy highway access. Incredible value for this design + quality – Built Green certified!
New Listings in Squamish – (in the past 30 days) 

Sold Listings in Squamish – (in the past 30 days)

Price Reductions in Squamish – (in the past 30 days)

July 2019 Stats:

New Listings:

Featured Listing 1:

Featured Listing 2:

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Whistler Real Estate Newsletter – 2016 Year In Review


Happy New Year, here is your Whistler real estate market update!

December 2016 Stats:
– December 2016 was the lowest month for sales in both # and # of sales in
– December 2016 had dramatically lower sales (in both $ and #) than both Dec 2015+2014. In fact, December 2016 had about 1/2 the sales $ of Dec 2014, and only 1/3 of Dec 2015!
– The active listings are still extremely low, for the last 3 months they’ve been the lowest we’ve seen in the past 5 years.


End of Year Stats:
2016 was another great year for Whistler real estate. The first half of the year was very strong with rising inventory and prices and then leveling out and remaining a strong market place for the rest of the year with a slight drop off in December.
956 sales – best in 3 years
$163.8M more than 2015

Squamish BC – C209 Diamond Head Apartments – 1 Bedroom




Visit www.c209diamondhead.com

Welcome home to this spacious 1 bedroom condo in the well kept and well run complex –  Diamond Head Apartments.  With an incredible location in Garibaldi Estates, you can walk to all the shops and amenities you could need.   This unit has been very well kept, it’s freshly painted waited and ready for you to move in!  Some features include:  Stainless steel fridge, top of the line convection oven, high-end laminate flooring, under-cabinet lightly, and there are amazing mountain views from the private and tranquil deck.

Visit www.c209diamondhead.com


Sea to Sky accidents down since upgrade

‘Highway of Death’ moniker fading

By Andrew Mitchell

It took five years and over $600 million, but it appears that the Sea to Sky Highway Improvement Project has achieved its goal of making the road – once nicknamed the “Killer Highway” or “Highway of Death” – a lot safer to drive.

While it will likely take years to fully gauge just how much safer it is compared to the past – and traffic patterns changed for the month of the Olympics – the statistics so far are encouraging.

According to the Ministry of Transportation, in the first six months after the project was completed the number of accidents reported decreased by 50 per cent below the average for that time period. From November 2009 to May 2010 there were just 46 incidents reported, while in a typical year, January to December, the average is 220.

Prior to the completion of the project there were an average of nine head-on crashes per year, leading to 12 fatalities since 2000. However, since November 2009 there has been just one head-on crash and no fatalities.

The Sea to Sky Highway Improvement Project widened and straightened the road, improving sight lines for drivers. As well, the project divided the northbound and southbound lanes in many sections, added more passing lanes and installed side and centre rumble strips in areas where the lanes could not be divided. Other features include wider shoulders and improved reflectors to improve night visibility. Traffic calming features have also been added in residential areas along the highway.

Whistler Blackcomb share price expected next week

Investors must buy minimum 1,500 shares, worth $21,000 to $22,500

By Jesse Ferreras

Investors and underwriters are evaluating the prospects for Whistler Blackcomb Holdings Inc., with the share price for the $300 million offering expected next week.

A settlement date for the public offering, which was announced last week, is expected in early November. At that time investors will take delivery and pay for their shares. Fortress Investment Group, the sellers in this offering, also have the ability to stop the public sale in advance of this date.

The share price is expected to be $14 to $15 with a 6.5 to seven per cent dividend yield.

Anyone hoping to invest in the company will have to buy a minimum of 1,500 shares, which could cost anywhere from $21,000 to $22,500 at the expected price.

No one investor, aside from Intrawest or Nippon Cable, is allowed to own more than 10 per cent of the company, as per a prospectus filed with Canadian securities regulators. It’s estimated that 37 million shares are up for purchase, with 21 million of them going out to the public.

Alexandre Heath, a chartered financial analyst in Vancouver, said this week the underwriters will likely market the company to clients who manage funds.

“This isn’t like going to your average Joe investor,” Heath said. “They’re not coming to me or my parent. They’re going to pension fund managers, insurance companies, guys who have lots and lots of money. The mutual funds, they’re going to buy $10 million worth, stick it in the fund, and then it’s just part of the portfolio.

“One meeting you’re basically seeing 10,000 investors, even though you’re seeing one guy, because he’s in charge of the fund.”

James Brander, a professor at UBC’s Sauder School of Business, said individuals can buy shares in the company after they’re listed on the Toronto Stock Exchange (TSX). Some people who purchased shares at the time of the initial public offering (IPO) will later make them available for resale on the TSX. Individuals can buy them any time after they’re listed, much as they would any publicly-traded stocks.

Brander said the stock value will change once it becomes public, adding that stock prices usually rise in the first day or two after an IPO.

Martin Pykkonen, a senior analyst with Denver-based firm Wedge Partners who normally follows Vail Resorts, said Whistler Blackcomb has a great reputation as a ski resort but that there are two things hampering its value. First is that it’s already built out from a real estate standpoint.

“A company that’s going to be owning land along with the mountain itself, there’s limited ability to add on to that. I’m saying that in contrast to Vail Resorts,” Pykkonen said. “They want to be able to develop condos and other things around it. From the base of the mountain standpoint, Whistler is pretty well spoken for.”

The other factor that could hamper share price is the weather.

“If it’s a great ski season and they get a great story to tell, that can help,” Pykkonen said. “If it’s a case of they’re not on the road until February and it’s raining there, that can create more of a problem because more people interested in buying the stock, they can say you have a lot of weather risk because you’re not having a good weather year.”