10 Year Trend Analysis in the Squamish Real Estate Market

Dated: January 14 2024

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10 Year Trend Analysis in the Squamish Real Estate Market

- This analysis is based on sales price data from the real estate board of Greater Vancouver (REBGV data) -

  1. Median Sales Price: The central value of the prices for each year.
  2. Annual Change: The percentage change in median prices from the previous year.
  3. Observations: Notable trends or changes for each year.

10 Year <a href=Squamish Real Estate Trend - Price vs Year" width="400" height="223" />

Let's start by examining the data for each year.

Here is a detailed year-by-year breakdown analysis of the median sales prices in Squamish:

  • 2013

    • Median Sales Price: $423,700
    • Annual Change: N/A (baseline year)
    • Observations: Baseline year for comparison.
  • 2014

    • Median Sales Price: $418,500
    • Annual Change: -1.23%
    • Observations: Slight decrease from the previous year.
  • 2015

    • Median Sales Price: $493,750
    • Annual Change: +17.98%
    • Observations: Significant increase, indicating a strong upward movement in the market.
  • 2016

    • Median Sales Price: $570,000
    • Annual Change: +15.44%
    • Observations: Continued upward trend with substantial growth.
  • 2017

    • Median Sales Price: $635,950
    • Annual Change: +11.57%
    • Observations: Growth continues, though at a slightly slower pace.
  • 2018

    • Median Sales Price: $687,000
    • Annual Change: +8.03%
    • Observations: Steady increase, with continued market strength.
  • 2019

    • Median Sales Price: $729,250
    • Annual Change: +6.15%
    • Observations: Growth persists but at a more moderate rate.
  • 2020

    • Median Sales Price: $748,675
    • Annual Change: +2.66%
    • Observations: Growth slows further, possibly influenced by external factors (e.g., economic conditions).
  • 2021

    • Median Sales Price: $909,250
    • Annual Change: +21.45%
    • Observations: A notable surge in prices, indicating a significant market upswing. Peak Covid housing rush. Record low interest rates.
  • 2022

    • Median Sales Price: $1,057,500
    • Annual Change: +16.30%
    • Observations: Continued strong growth, although slightly lower than the previous year. This year had a shift due to rising interest rates.
  • 2023

    • Median Sales Price: $976,250
    • Annual Change: -7.68%
    • Observations: A notable decrease, marking a shift from the previous years' growth trend. Rising rates, global uncertainly.

This breakdown provides insights into how the Squamish housing market has evolved each year, reflecting changes in market dynamics, economic conditions, and other influencing factors.

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Mike Jones

Having lived in Squamish and the Sea to Sky corridor for over 20 years, Mike has enjoyed life as a professional firefighter, a professional mountain biker, a husband and a dog dad. The trails, the mou....

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