Squamish
Squamish is a town present in the north area of Vancouver. It is known as the Outdoor Recreation Capital of Canada for a good reason. This town is popular for mountain hiking and biking and also for both black-country skiing and snowmobiling in winter.
Squamish is an amazingly relaxed place to settle in with a great balance between life and work. The city has a population of young people with 60 percent of its residents under the age of 40 along with many more families in the city. As compared to neighboring areas the rates of houses in Squamish are very affordable.
Market Condition of Squamish
The housing market of Squamish may have had a slow readjustment in the middle of the 1st wave in the COVID-19 pandemic, but during the summers of 2020, the activity has been elevating.
According to forecast data, BCREA mentioned that the housing prices in Squamish will fall to almost 12.8 % next year as compared to 202 to almost 39,000 units. This fall in the housing prices will be led by the multi-family sector, where the stars are determined to drop to almost 16.8% to almost 28,300 houses.
In BC, the real estate inventory is nearly or at all-time lows in so many administrations over the province. During the month of March, a single-family house in the city is sold out for $ 1,094,800. Many tourists think that it is quite an expensive place to visit. But this is the one view. In fact, settling in Squamish is very affordable.
Is the housing market of Squamish affordable?
According to current Squamish real estate statistics, the average housing price is $ 1,165,177. The city’s average sale price is $1.2M. The price of houses in the city is so reasonable that only 17 days are required to sell a housing property on the market.
Almost 41 houses have been sold out during the last 28 days. The selling to listing ratio of Squamish is very high and is found to be 100 percent.
Houses range from $100k to $300k for sale in Squamish
Squamish offers you a number of houses within the range between $100 to $300. Almost 45 percent of the dwellings are single-family detached homes which makes it very easy for buyers to find a single-detached home in the city. The remaining are townhomes and small apartment buildings.
These houses are mainly of 4 or more bedrooms. Three-quarters of dwellings in Squamish are house owners while the remaining are rented.
You can find a two-bedroom and one-bath apartment at 60 38185 WESTWAY AVENUE, Squamish, British Columbia. The cost of this apartment is only $ 288,000. Similarly, a one-bedroom and one-bath apartment for a single-family are available at A210 40100 WILLOW CRESCENT, Squamish, British Columbia. The cost of this apartment is only $ 298,000.
Squamish will provide you with a number of such examples. If you are planning to settle in Squamish then you are making the best decision of your life.
