Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in May 2016.
In May 2016, there were 40 sales of detached homes and 84 active listings in Squamish. The benchmark sale price was $729,300 with an average days on market of 36.
The Condo market had 22 sales and 43 active listings at the end of the month. The benchmark sale price was $330,900 with an average days on market of 41.
Townhome sales were 23, active listings were 18. The benchmark sale price was $575,700, and the average days on market were 19.
In the Whistler market, the benchmark sale price was $1,226,600 with an average days on market of 42 days for detached homes. At the end of May, there were 17 sales and 66 active listings.
In comparison, the condo market had 40 sales and 105 active listings. The benchmark sale price was $351,400, and the average days on market were 44.
Townhome featured 28 sales, 54 active listings and a $726,700 benchmark sale price with 40 average days on market.
Listings are down. Sales are up. It’s a seller’s market.
There were 133 sales, 282 active listings, and a $445,200 benchmark sale price for detached homes in the Sunshine Coast market. The average days on market were 68.
The condo market featured 15 sales, 38 active listings and 202 average days on market.
In comparison, townhome sales were 17, active listings were 32 and the average days on market were 93.
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