Viddler

Squamish real estate market update for May 2011. Townhouses have had a big shift forward in the number of sales for this month. Double the number of townhouses from the previous month. This is because of a lack of supply in the afordable detached...

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Squamish real estate market update for May 2011. Townhouses have had a big shift forward in the number of sales for this month. Double the number of townhouses from the previous month. This is because of a lack of supply in the afordable detached home market pushing buyers to look at the great selection of quality townhouses available at prices 25% below the peak of 2008. The townhouse market is still a buyers market but is approaching balanced territory. The condo market also saw an uptick in sales but is still over supllied and is a deffinate buyers market. Detached houses have been a balanced market for a number of months now and with limited new supply of afforadable otions I would anticipate a continued balanced market for detached houses while the townhouse market is approaching balanced territory over the summer as the over supply is being consumed by buyers. Condos will remain over supplied through the summer and prices could continue to fall

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