- Created on Monday, 05 March 2012 06:34
- Written by Nanci Fulton
March 5,2012- The Real Estate Board of Greater Vancouver released its statistics package on Friday.
The headline read:
"Housing market trends near long term averages as spring market approaches"
The Squamish market appears (from the statistics provided) to be stable and balanced.
That said, activity is still sluggish in all segments as is the norm for this time of year.
The benchmark price for a detached home in Squamish was $502,300...down 1.5% from
January but stable at .1% change over the past 6 months. The 1, 3, and 5 year %
figures show the benchmark price has increased.
Town homes and condos have shown less positive figures over the long term but recent
term increases. Town homes (benchmark price $303,500) showing a 1.5% month over
month; and condos (benchmark price $233,300) a 3.3% increase.
** benchmark price is the estimated sale price of a "typical" property.
Sales figures for February showed 13 detached, 7 town home /duplex, and 9 condo sales.
Although detached home sales numbered the same as in January...both town home and
condo sales numbers were up significantly.
Year over year activity was up very slightly.
The coming month historically shows increases in activity, listings and sales. Here's hoping!!! Full Statistics Package available via the Greater Vancouver Real Estate Board. http://www.rebgv.org/news-statistics