Welcome back to your monthly installment of real estate stats for Squamish.

Over the last month we have experienced record temperatures, continual sunshine as well as consistent sales.

Sales volume took a slight dip in June, however, that is reflective of the weather and the relaxing COVID-19 restrictions which saw more people heading out of town. The average sales price in Squamish dropped from May 2021, however was still up 21.6% from June 2020. Active sales to listing ratio (absorption rate) also went down in June to 50% (from 60% in May & April and 66% in March) – this is still a huge 122% higher than this time last year. For reference, the market is considered to be in a sellers market above 20%, so we are still in a very active Sellers Market – sorry buyers!

As always, here are the numbers for June. First with an overview of Squamish as a whole, and then separated by property type (detached, townhome and condo).


Average Sold Price: $953,657 | +21.6% year-over-year
New Listings: 77 | -27.4% year-over-year
New Sales: 69 | +32.7% year-over-year
Average Days on Market: 23 | -34.3% year-over-year
Absorption Rate: 49% | +122.4% year-over-year

Average Sold Price: $1,488,316 | +31.5% year-over-year
New Listings: 35 | -32.7% year-over-year
New Sales: 19 | +11.8% year-over-year
Average Days on Market: 20 | -60.0% year-over-year
Absorption Rate: 23% | +56.6% year-over-year

Average Sold Price: $875,200 | +21.2% year-over-year
New Listings: 25 | -7.4% year-over-year
New Sales: $875,200 | +21.2% year-over-year
Days on Market: 13 | -50.0% year-over-year
Absorption Rate: 100%| +180.9% year-over-year

Average Sold Price: $578,226 | +17.3% year-over-year
New Listings: 13 | -45.8% year-over-year
New Sales: 21 | +23.5% year-over-year
Days on Market: 40 | +25.0% year-over-year
Absorption Rate: 95% | +288.2% year-over-year

Overall there is definitely a shift happening in the market. By no means does that mean there is a drop in pricing, in fact, the pricing in Squamish is continuing to see generalized increases across the boards. What we are seeing is an increase in days on market, subjects in offers and slower absorption of inventory – especially with detached homes. Now you might be asking why condominiums and townhouses are experiencing such high absorption rates? Well its a combination of a few things: low inventory of those property types as well as it being a much more attainable/affordable option within Squamish.

I could go on all day about the market, but let’s be honest, every situation is unique. If you want to better understand your homes value, or the option of buying a home, let’s chat!

kitchen renovation. sremax agent. real estate squamish

Let’s talk home renovations…

There are a number of strategies when buying real estate, the old faithful is buying a fixer-upper that you can put your finishing touches on. This is traditionally a great way to see a good return on investment, specifically when you plan to put in a bunch of sweat equity yourself. Remember that the cost of building/renovating has increased drastically so taking on some manageable tasks yourself is a great way to cut down on the costs.

Currently, I am right in the midst of the a full-blown kitchen renovation. When I say full-blown I mean, floors – gone, ceiling – gone, lighting – gone, cabinets – gone, sink – gone, countertops – gone, dividing wall – gone, oven – gone. It’s all GOING, GOING, GONE!

I am here to tell you that IT IS NOT AS EASY AS IT LOOKS OR SEEMS.

Now, this large renovation was always the plan when we were buying the home, so it’s not a surprise by any stretch of the imagination. It’s just that renovations are ALWAYS more work (and more money) than you expected. Thankfully, we have the best crew that we are working with who are making this renovation as seamless as humanly possible. I also have a handyman husband who has been able to assist / do some of the work himself, which not only helps to keep costs down, it also speeds up the process somewhat.

I often get asked if its beneficial to buy a renovated home or a home that requires renovations. There is no one correct answer here. It really depends on your individual situation.

– You lead a very busy life
– You do not have a handy bone in your body
– You are able to afford a previously renovated home
– You have not set aside some funds for a renovation
– You simply do not want to have to put up with the inconvenience of a home renovation
– You don’t want to pay the markup costs for a renovated home
– You do not want increased tension in the household

– You have time on your hands
– You have a tradesperson in your immediate family or good friends who are looking to help out
– You want to build your dream home
– You have a smaller budget available when you are looking to buy a home and just want to enter the market
– You are happy to chip away at tasks as you go
– You are perfectly ok to live off takeout food for a while
– You don’t really care about the inconvenience that renovations inevitably have on your home/life.
– You have a strong relationship with your significant other (haha renovations can be difficult on relationships)

This makes it sound like I want to strangle my husband, but that’s actually not the case (thankfully) but it’s not uncommon.

Things you absolutely must have when renovating a kitchen/house:
– A skilled contractor
– An awesome electrician
– A great plumber
– A tiler – because tiling is a true skill
– A killer countertop installer (this is the most expensive part of your kitchen renovation)

Things you may be able to work around -> flooring – we were able to do this ourselves as my husband used to install floors for a living (although he also recruited a very good friend/floor installer to help out), demolition – you can absolutely dissemble countertops and cabinetry yourself. If you are planning to reuse any of the materials, you may want to seek help from an expert, because you can very easily damage these items. Interior designer – you can absolutely go this on your own, especially if you are just changing out existing cabinets/finishes and know exactly what you want aesthetically. Once you start changing the actual design and functionality of the kitchen itself, its highly recommended that you seek expert help. It will be worth the extra expense to save you from a huge mistake (that will inevitably cost you more to fix).

Be sure to check back to this blog to find out how the rest of the renovation goes. I will be sure to post before, during and after pictures once its finished. In the meantime, I will be here working in my office (that has become a makeshift kitchen/storage facility) eating takeout food, as we do not have any means of actually making food for the next few weeks. The joys of home renovation…

Katie McLachlan Market Update Squamish

Here we are in June already – how are we half way through the year? Insanity.

OK, back to real estate… generally speaking, we saw a slight drop off in sales volume, sales price and inventory throughout the month of May. I also saw a few reduced prices (which I haven’t seen in 2021) and properties sitting on the market a little longer than March and April. That being said, the year-over-year statistics still show a very successful month for Squamish Real Estate with 31%, 38% and 17% increases for detached properties, townhomes/duplexes and condominiums in Squamish.

As always, here are the numbers for May. First with an overview of Squamish as a whole, and then broken up by property type.

Average Sold Price: $1,011,245 (+16.6% Y-O-Y)
New Listings: 113 (+46.8% Y-O-Y)
New Sales: 91 (+313.6% Y-O-Y)
Average Days on Market: 14 (-64.1% Y-O-Y)
Absorption Rate: 63% (+554.2% Y-O-Y)

Average Sold Price: $1,441,652 (+31.6% Y-O-Y)
New Listings: 43 (+19.4% Y-O-Y)
New Sales: 33 (+175% Y-O-Y)
Average Days on Market: 14 (-75% Y-O-Y)
Absorption Rate: 46% (+291.5% Y-O-Y)

Average Sold Price: $945,852 (+38% Y-O-Y)
New Listings: 37 (+131.3% Y-O-Y)
New Sales: 23 (+360% Y-O-Y)
Days on Market: 8 (-60% Y-O-Y)
Absorption Rate: 70% (+500.9% Y-O-Y)

Average Sold Price: $530,989 (+17.2% Y-O-Y)
New Listings: 27 (+28.6% Y-O-Y)
New Sales: 28 (+600% Y-O-Y)
Days on Market: 19 (-13.6% Y-O-Y)
Absorption Rate: 84% (+1,530.8% Y-O-Y)

It’s worth noting that townhomes in Squamish have seen monthly increases in the average sale price since the start of the year. Here is a monthly overview for the last 5 months:
January: $743,825,
February: $833,161,
March: $899,763,
April: $906,679,
May: $945,852

That shows a HUGE $200,000 increase in the average sold price of a townhome in Squamish since January. Keep in mind, this does not mean that every townhome in Squamish is worth $200,000 more today than it was at the start of the year (although, there has been significant increases across the board). The average sold price is determined by the kind of inventory that sold throughout the month. For instance, there have been newer & more expensive townhouse products selling recently like the TarsemHaus, Newport, SEAandSKY and SEVEN Peaks which drives up the average sold price for the townhouse category.

Want to better understand your homes value? Let’s chat.

april market update

Another busy month was had in April – which saw a huge 51.2%, 31.5% and 38.7% increase in average sold price year over year for detached properties, townhomes/duplexes and condominiums in Squamish.
As always, here are the numbers. First with a wholistic overview of Squamish as a whole, and then broken up by property category.

Average Sold Price: $1,018, 858 (+20.7% Y-O-Y)
New Listings: 121 (+108.6% Y-O-Y)
New Sales: 94 (+370% Y-O-Y)

Average Sold Price: $1,602,703 (+51.2% Y-O-Y)
New Listings: 50 (+194.1% Y-O-Y)
New Sales: 30 (+200% Y-O-Y)

Average Sold Price: $906, 679 (+31.5% Y-O-Y)
New Listings: 34 (+112.5% Y-O-Y)
New Sales: 25 (+316.7% Y-O-Y)

Average Sold Price: $601,789 (+38.7% Y-O-Y)
New Listings: 30 (+25% Y-O-Y)
New Sales: 35 (+1,066.7% Y-O-Y)

If you have any specific questions regarding neighbourhood stats, let me know. I am here to help!

Squamish homes

detached homes in squamish

Squamish townhomes

squamish apartments and condominiums

Squamish Real Estate AGent - Katie Mclachlan Remax


And hello to the continuing market demand in Squamish. Honestly, Squamish is arguably one of the most sought after areas in the province currently. This is especially been made true through the COVID-19 pandemic, which has really put a spotlight on what locals have known for a long time; that Squamish has an unapparelled experience. Just 45 minutes in each direction you will find BC’s most desirable travel locations, Whistler and Vancouver, a plethora of outdoor activities from mild to wild and an ever-expanding downtown core with exciting eateries and boutique shopping. Squamish brings mountain and ocean living together in an outstanding way. #Squamishisawesome

The pre-build opportunities available in Squamish continue to push the bar higher for what you can expect in condominium living – stay tuned for more information about Redbridge & Oceanfront Squamish coming this month.

Now before I get carried away with this months numbers, keep in mind that March 2020 was a weird one – we had half a month of strong sales and the other half was the introduction of the COVID-19 pandemic and the various new restrictions which saw a lot of change in our market. So maybe looking back at the increases / decreases in year-over-year sales isn’t the most accurate in this case, however, the numbers of March 2021 sales do not lie – THINGS ARE CONTINUING TO RISE. Now let’s get into the numbers for March 2021…

Average Sales Price: $1,097,745 | +39.7%
Average Days on Market: 25 | -24.2%
New Listings: 142 | +67.1%
New Sales: 101 | +188.6%

Average Sales Price: $1,538,720 | +64.3%
Average Days on Market: 30 | +11.1%
New Listings: 55 | +41.0%
New Sales: 46 | +155.6%

Average Sales Price: $899,763 | +22.7%
Average Days on Market: 8 | -69.2%
New Listings: 35 | +75.0%
New Sales: 24 | +166.7%

Average Sales Price: $536,728 | +6.2%
Average Days on Market: 32 | -23.8%
New Listings: 46 | +84.0%
New Sales: 27 | +285.7%