Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in November 2016.
In November 2016, there were 14 sales of detached homes and 117 active listings in Squamish. The benchmark sale price was $792,100 with an average days on market of 74.
The Condo market had 12 sales and 65 active listings at the end of the month. The benchmark sale price was $361,200 with an average days on market of 47.
Townhome sales were 12, active listings were 53. The benchmark sale price was $628,000, and the average days on market were 32.
It’s a buyer’s market for single family homes in Squamish.
In the Whistler market, the benchmark sale price was $1,323,400 with an average days on market of 180 days for detached homes. At the end of November, there were 9 sales and 54 active listings.
In comparison, the condo market had 32 sales and 80 active listings. The benchmark sale price was $383,100, and the average days on market were 61.
Townhome featured 21 sales, 33 active listings and a $772,700 benchmark sale price with 22 average days on market.
It’s a seller’s market for condos and townhomes.
There were 42 sales, 256 active listings, and a $488,600 benchmark sale price for detached homes in the Sunshine Coast market. The average days on market were 53.
The condo market featured 14 sales, 31 active listings and 76 average days on market.
In comparison, townhome sales were 4, active listings were 18 and the average days on market were 8.
It’s a buyer’s market for houses.
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