On The House

April continued the trend we’ve been seeing build through the early months of the year, with inventory rising and sales activity softening across the Squamish market. With 267 active listings and sales down 20% year over year, buyers are gaining more choice and time to make decisions. The overall sales-to-active ratio is now sitting at 20%, putting us right on the edge of balanced market conditions as we move deeper into the spring season. April Sales Snapshot Overall Market Total Inventory: 267 (+24% year over year) New Listings: 136 (+10% change) Sales: 54 (-20%) Sales to Active Ratio: 20% Detached Homes Total Inventory: 106 (+24%) New Listings: 57 (+32%) Sales: 16 (-36%) Sales to Active Ratio: 15% Townhomes Total Inventory: 64 (+36%) New Listings: 32 (-6%) Sales: 16 (-20%) Sales to Active Ratio: 25% Condos Total Inventory: 86 (+14%) New Listings: 39 (8%) Sales: 18 (-5%) Sales to Active Ratio: 21% As we head further into spring, the Squamish market is shaping up to be more balanced,...

The Spring Market is here, and things are starting to ramp up, as we typically see this time of year. As a whole, we are still seeing homes regularly sell slightly under asking. The condo market continues to lag, while the townhouse segment is balancing out with a noticeable increase in inventory. Sharply priced single family homes are still moving quickly, no surprise there. Across the board, inventory is up and sales activity has picked up compared to earlier this year and last March. That said, with 234 active listings and 50 sales, we are still sitting in balanced market territory overall, which helps explain the continued price stability and negotiating room for buyers. March Sales Snapshot Overall Market Total Inventory: 234 (+16% year over year) New Listings: 106 (+11% change) Sales: 50 (+11%) HPI Benchmark Price: $1,103,600 (-1%) Sales to Active Ratio: 21% Inventory is growing faster than sales, which is giving buyers more choice and keeping upward pressure on prices in check....

I’m not going to sugar coat it — January sales in the Squamish real estate market were bleak. We saw just 11 total sales, including only one detached home sale, which is often the most in-demand segment for Squamish homes for sale. For a market that usually sees steady movement in single-family homes, that’s a noticeable slowdown. But before jumping to conclusions, let’s break down what’s really happening in the Squamish housing market. January Sales Snapshot Overall Market Total Inventory: 180 (+5% year over year) New Listings: 84 (0% change) Sales: 11 (-59%) HPI Benchmark Price: $1,122,200 (+5%) Sales to Active Ratio: 6% Detached Homes Total Inventory: 71 (+11%) New Listings: 25 (+8%) Sales: 11 (-75%) HPI Benchmark Price: $1,738,400 (+11%) Sales to Active Ratio: 1% Townhomes Total Inventory: 41 (+11%) New Listings: 24 (+9%) Sales: 4 (-55%) HPI Benchmark Price: $1,005,100 (+1%) Sales to Active Ratio: 10% Condos Total Inventory: 60 (-3%) New Listings: 29 (-12%) Sales: 4 (-66%) HPI Benc...