So, the inventory levels are dropping, sales are still happening and the prices are rising. The big question is, will this continue? Well, the one thing we know for sure is that the Squamish real estate market is always difficult to predict. There have been some absurdly high sales happening in the Squamish market over the past month with realtor comments flying around like "Who sold that one?", "I can't believe that sold for that much" and so on. But the reality is that the realtors don't predict the market better than anyone else. Truth is, the Squamish real estate market is a beast in and of itslelf and until we get more product on the market, there is continued upward pressure. The only prediciton we have at this point is....Inventory will increase dramatically in February. If the buyers absorb it, then prices remain stable or move up and if there are not sufficien buyers, then prices will go down.
This entry was posted on October 28th, 2020 by Simon Hudson | Posted in General