Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler and Sunshine Coast listings and sales in March 2016.
In March 2016, there were 34 sales of detached homes and 64 active listings in Squamish. The benchmark sale price was $658,600 with an average days on market of 36.
The Condo market had 26 sales and 55 active listings at the end of the month. The benchmark sale price was $310,500 with an average days on market of 23.
Townhome sales were 19, active listings were 21. The benchmark sale price was $550,900, and the average days on market were 24.
In the Whistler market, the benchmark sale price was $1,126,900 with an average days on market of 64 days for detached homes. At the end of March, there were 21 sales and 81 active listings.
In comparison, the condo market had 50 sales and 107 active listings. The benchmark sale price was $309,000, and the average days on market were 90.
Townhome featured 22 sales, 64 active listings and a $690,000 benchmark sale price with 61 average days on market.
Listings are down. Sales are up. It’s a seller’s market.
There were 136 sales, 315 active listings, and a $411,300 benchmark sale price for detached homes in the Sunshine Coast market. The average days on market were 92.
The condo market featured 13 sales, 57 active listings and 140 average days on market.
In comparison, townhome sales were 8, active listings were 27 and the average days on market were 78.
Looking for more information about the real estate market in specific neighbourhoods in Squamish, Whistler, and Sunshine Coast?
MLS® Home Price Index (HPI) Benchmark Price
Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.
This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) www.rebgv.org