Here are the latest real estate market statistics from Macdonald Realty on Squamish, Whistler, and Sunshine Coast listings and sales in October 2018.
In October 2018, there were 15 sales of detached homes and 131 active listings in Squamish. The benchmark sale price was $968,500 with an average days on market of 61.
The condo market had 6 sales and 58 active listings at the end of the month. The benchmark sale price was $487,500 with an average days on market of 88.
Townhome sales were 11 sales, active listings were 57. The benchmark sale price was $724,900 and the average days on market were 55.
It’s a buyer’s market for homes and condos.
In the Whistler market, the benchmark sale price was $1,709,700 with an average days on market of 43 days for detached homes. At the end of the month, there were 11 sales and 63 active listings.
In comparison, the condo market had 27 sales and 75 active listings. The benchmark sale price was $523,400 and the average days on market were 46.
Townhome featured 17 sales, 51 active listings and a $951,200 benchmark sale price with 49 days on market average.
It’s a seller’s market for condos and townhomes.
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