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Squamish Housing Prices will increase 12% in 2022

Market Summary: - Migration to Squamish is expected to continue in 2022, potentially impacting local real estate conditions. More people moving to rather than leaving Squamish - 49 percent of Canadians believe the housing market will remain steady in 2022 and view real estate as one of the best investment options over the next year - Some of the highest returns will be achieved in single-family detached and townhomes - 95 percent of Realtors (36 out of 38) surveyed think Squamish will remain a seller’s market in 2022 Squamish, BC, January 7, 2022 – RE/MAX Sea To Sky Real Estate is anticipating steady price growth across all sectors of the real estate market in 2022, with single-family detached housing activity outperforming all others in the region. The ongoing housing supply shortage is likely to continue, putting upward pressure on prices. As a result of these factors, RE/MAX Sea To Sky Real Estate estimates a 12-per-cent increase in average residential sales prices across Squamish....

By, Sean Brawley

May 31, 2022, 4:55 a.m.
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What is your HonestDoor Price?

Squamish.RealEstate attempts to display the HonestDoor Price for each property located in Squamish, BC. The HonestDoor Price uses millions of data points to determine the current market value of a residential home. There are many factors that go into the price of a home, from what is inside to what is nearby, like schools, parks and grocery stores. As well, the age of construction, building materials and land size contribute to the final result. The process of using artificial intelligence to determine the price of a home is referred to as an Automated Valuation Model (AVM). When you try to establish which AVM is superior, you can use the “Median Error Rate” or the middle value of all the numbers if they were lined up in ascending order....

By, Sean Brawley

May 31, 2022, 4:52 a.m.
1854
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What are people looking for when they search Squamish?

The busiest real estate portal in Canada; Realtor.ca (approx. 12 million visitors /month) recently released some interesting stats on what people search for when they are looking for a property in Squamish. Three Bedrooms (3+ = 30.3%) and two bathrooms (2+ = 54.7%) House (77.5%) on 1+ acres (36.8%) of waterfront (31.1%) land with an ocean view and a pool (7.4%). Sounds pretty impressive....

By, Sean Brawley