July Real Estate Market Update – Squamish Condos – MLS
The entire real estate board of greater vancouver will see a cooling trend as part of a typical real estate cycle that sees the summer months of July and August have slow sales. We will see things pick up again is the fall.
The Squamsih Real Estate market is seeing a realy a separation of activity in terms of types of properties. The detached single family homes are doing ok… a balanced market with 40% sales to new listings and the townhouses are holding their own as well. The squamish condo market is not doing as well. Only 22% sales to new listings. This will put downward pressure on the price of Squamis condos. Look for price reductions over these slow summer sales months. If you are trying to sell a Squamsih condo you will need to get your price in line in order to catch the sales that will happen in the fall. If you dont get your condo sold in the fall you could be waiting many more months to get it sold.
Morgan Rice
mrice@macrealty.com
http://www.morganrice.com
604-849-2668
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