Recently, our clients asked what was happening in the Squamish market. I took the opportunity to explain that the "Squamish Real Estate Market" as a whole doesn't move in sync, it moves in cycles. When the price of townhouses rises to get close enough to detached houses, then detached homes tend to rise in price. When prices in Valleycliffe get close enough to those in the Highlands, then the Highlands homes prices tend to rise. As a result, prices don't change in unison. So, here is a great example. Look at the Market in Valleycliffe where only 2 homes have sold in the past two months and many properties are seeing price reductions. Then, look at Rivendale, a Townhouse complex where 6 months ago, a unit sold for $850,000, then 3 months later, once sold for $865,000, then a month later $890,000 with multiple offers and now there are buyers offering to pay over $900,000 for these half-duplexes in Brackendale.
If you need help understanding or interpreting the market, please feel free to contact me at 604.892.8155 or email@example.com.