Welcome back. I am pleased to bring you the December Market Update for Squamish Real Estate. But first, Happy New Year to you and your loved ones! May 2025 bring you a ton of laughter, wellness and prosperity in everything you do. We are finally getting back into the swings of things after the fog of the holidays wears off. Here is a break down of how the December Real Estate market performed in Squamish.
As is typical for the month of December, new listings were down month-over-month to 29 and there were also 29 sales recorded throughout the month. It took approximately 57 days for those homes to sell. The total inventory in Squamish lowered significantly to 144 listings from 192 the previous month. The average sales price in December was $1,056,50.
Although we are only 2 weeks into January we are starting to see more buyers confidence returning with many buyers seriously looking to buy a home in 2025. Over the next few weeks as more inventory returns to the market, I predict we see sales volume increase and potentially even a minor price increase experienced in February and March. Only time will tell…
Here is a breakdown of how the different market segments performed during December in Squamish:
Squamish – All Home Types
HPI Benchmark Price: $1,066,500 (-1% year-over-year)
Average Sold Price: $1,056,507 (-15% year-over-year)
Average Days on Market: 57 Days (+16% year-over-year)
Total Inventory: 144 Active Listings (-7% year-over-year)
New Listings: 29 New Listings (-26% year-over-year)
Sales: 29 Sold Homes (+38% year-over-year)
Sales/Active Listings Ratio (Absorption Rate): 20% (+48) *balanced market*
Squamish – Single Family Homes Homes
HPI Benchmark Price: $1,518,500 (-0.5% year-over-year)
Average Sold Price: $1,447,100 (-22% year-over-year)
Average Days on Market: 100 Days (+38% year-over-year)
Total Inventory: 50 Active Listings (-28% year-over-year)
New Listings: 7 New Listings (+16% year-over-year)
Sales: 10 Sold Homes (+25% year-over-year)
Sales/Active Listings Ratio (Absorption Rate): 20% (+75% year-over-year) *balanced market*
Squamish – Townhouses
HPI Benchmark Price: $1,030,800 (+.03% year-over-year)
Average Sold Price: $1044,113 (+6% year-over-year)
Average Days on Market: 49 Days (+53% year-over-year)
Average Price Per Sq. Ft: $735 (+10% year-over-year)
Total Inventory: 33 Active Listings (-2% year-over-year)
New Listings: 7 New Listings (+16% year-over-year)
Sales: 8 Sold Homes (+33% year-over-year)
Sales/Active Listings Ratio *Absorption Rate*: 24% (+37% year-over-year) *sellers market*
Squamish – Condominiums
HPI Benchmark Price: $563,800 (-15% year-over-year)
Average Sold Price: $710,436 (+5% year-over-year)
Average Days on Market: 25 Days (-43% year-over-year)
Average Price Per Sq. Ft: $862 (+6% year-over-year)
Total Inventory: 54 Active Listings (+22% year-over-year)
New Listings: 15 New Listings (+50% year-over-year)
Sales: 11 Sold Condos (+120% year-over-year)
Sales/Active Listings Ratio *Absorption Rate*: 20% (+78% year-over-year) *balanced market*
Thanks for tuning in to the December Squamish market update. If you have any specific questions relating to real estate in Squamish and the Sea to Sky please reach out. I am here to help guide you in better understanding the ever-changing market conditions in Squamish and the Sea to Sky Corridor.
