August is traditionally a quieter month for Real Estate transactions in Squamish. Why? Usually because everyone is away soaking up the last few weeks of summer before kids go back to school. Let’s see how the numbers were for August 2024 in Squamish’s local real estate market.
Here is a breakdown of how the different market segments performed during August for Squamish real estate:
Squamish – All Home Types
HPI Benchmark Price: $1,062,700 (-3% year-over-year)
Average Sold Price: $1,238,256 (+11% year-over-year)
Average Days on Market: 42 Days (+100% year-over-year)
Total Inventory: 211 Active Listings (+20% year-over-year)
New Listings: 55 New Listings (-27% year-over-year)
Sales: 32 Sold Homes (-31% year-over-year)
Sales/Active Listings Ratio (Absorption Rate): 15% (-43% year-over-year) *balanced market*
Squamish – Detached Homes
HPI Benchmark Price: $1,504,300 (-3% year-over-year)
Average Sold Price: $1,591,344 (+4% year-over-year)
Average Days on Market: 45 Days (+66% year-over-year)
Total Inventory: 95 Active Listings (-10% year-over-year)
New Listings: 23 New Listings (-36% year-over-year)
Sales: 16 Sold Homes (+6% year-over-year)
Sales/Active Listings Ratio (Absorption Rate): 17% (+18% year-over-year) *balanced market*
Squamish – Townhouses
HPI Benchmark Price: $1,049,900 (+.05% year-over-year)
Average Sold Price: $1,011,829 (no change)
Average Days on Market: 29 Days (+93% year-over-year)
Average Price Per Sq. Ft: $685 (-7.8% year-over-year)
Total Inventory: 51 Active Listings (+96% year-over-year)
New Listings: 19 New Listings (+26% year-over-year)
Sales: 7 Sold Homes (-46% year-over-year)
Sales/Active Listings Ratio *Absorption Rate*: 13% (-72% year-over-year) *balanced market*
Squamish – Condominiums
HPI Benchmark Price: $555,900 (+2% year-over-year)
Average Sold Price: $656,143(+1% year-over-year)
Average Days on Market: 42 Days (+110% year-over-year)
Average Price Per Sq. Ft: $740 (-10% year-over-year)
Total Inventory: 57 Active Listings (+72% year-over-year)
New Listings: 12 New Listings (-33% year-over-year)
Sales: 7 Sold Condos (-50% year-over-year)
Sales/Active Listings Ratio *Absorption Rate*: 12% (-71% year-over-year) *balanced market*
Thanks for tuning in to the August 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 understanding the ever-changing market conditions in Squamish and the Sea to Sky Corridor.
