With more property listings and a decline in the number of sales, prices are not increasing as rapidly, now down to single digits overall, which is good news from a affordability standpoint, “said REBGV president, Dave Watt.  “The housing market is at a balanced state, sellers have more competition and buyers have more selection to choose from.”

Sales of detached properties in May 2008 declined 33.4 % to 1,203 from the 1,805 sales recorded during the same period in 2007. The benchmark price, as calculated by the MLSLink Housing Price Index, for dtached peroperties rose 8.4 % from May 2007 to $771,250.

Sales of apartment properties declined 30.5 % last month to 1,244 compared to 1,789 sales in May 2007.  The benchmark price of an apartment property increased 8.7 % from May 2007 to $389,668.

Attached property sales in May 2008 decresased 24.7 % to 555, compared with the 737 sales in May 2007.  The benchmark price of an attached unit increased 9 % between May 2007 and 2008 to $478,931.

May 2008 - Squamish MLS Listings Facts

Number of Listings- Detached #49, Attached #34, Apartments #24

% Sales to Listngs - Deatched 65%, Attached 44%, Apartments 46%

May 2007 - Squamish MLS Listings Facts

Number of LIstings - Detached #44, Attached #40, Apartments #22

% Sales to Listings - Detached 59%, Attached 48%, Apartments 82%

May - 2008 Sales Facts

Number of Sales - Detached #32, Attached #15, Apartment #11

Median Selling Price - Detached $509,000, Attached N/A, Apartment N/A

May - 2007 - Number of Sales - Detached #26, Attached #19, Apartemtns #32   

Median Selling Price - Detached - $465,000, Attached n/a, Apartments $272,450