The median asking price in Squamish is $939,000, a substantial increase over the median three months ago which was $848,900 .
While the median for British Columbia is $519,000 , which means that Squamish’s median price is $939,000 considerably better than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
British Columbia has the third most amount of properties available to property investors, with Squamish having 35th most in the province, out of a total of 359.
Can we guarantee how well Squamish is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Squamish there is more stock than three months ago. This would indicate pressure on prices easing.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Squamish is number 93 putting it ahead of most neighbourhoods .
While the median for British Columbia is $349,000 , which means that Squamish’s median price is $384,900 considerably better than the rest of the province.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.
It’s never an exact art, but to try to forecast how property is going to appreciate in Squamish for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.