Squamish’s average sale price across all property types in September 2020 was $822,560 (5.3% decrease as compared to last Septembers average price). We saw 97 new listings to the MLS throughout the month (an increase of 6.6% year-over-year) and 72 new sales registered which represents a huge 60% increase from September 2019.
The average sales price for Detached Properties in Squamish was $1,105,474 (+3.9% from 2019). There were 27 sales (+22.7% from 2019) throughout the month and 52 new listings (+48.6% from 2019).
The average sales price for Townhomes in Squamish was $706,887 (+0.6% from September 2019). There were 23 new sales throughout the month (+91.7% from 2019) and 22 new listings (-8.3% from 2019).
The average sales price for Apartments in Squamish throughout the month of September was $488,103 (-3.3% from 2019). There were 19 new listings (-26.9% from 2019) and 16 sales in this property category (+199.7% from 2019).
September was another busy month for Squamish Real Estate. There was an increase in overall listings and sales throughout the month, with detached properties seeing almost 50% more listings in September 2020 as compared to September 2019 and townhouses showing over a 90% increase in sales.
It’s important to keep in mind that this year is performing very differently to most years, due to the pandemic. There continues to be pent-up demand that is showing faster sales across all property types, with an average of 38 days on market in September (-37.7% shorter listing period than 2019). Overall we are still experiencing low inventory throughout all property types, with the following properties and price points being the most sought after:
Detached homes listed below $1,200,000
Townhomes & 1/2 Duplex’s listed below $750,000
Apartments listed below $500,000
If you have any questions relating to the local Squamish market, do not hesitate to reach out.
Katie McLachlan – Katie@myseatosky.com – (604) 213-0833