Squamish Real Estate Market Update – February 2025

Townhomes Lead a Diverging Market as Condos Slide and Detached Holds Steady

Squamish’s February 2025 real estate market shows a clear split across property types. Townhomes are booming with soaring sales, while condos are under pressure with falling prices. Detached homes remain stable but face growing days on market. It’s a dynamic month where knowing the segment matters.

Here’s how the numbers break down.

Key Market Stats for February 2025

Detached Homes

  • Total Active Listings: 58 (-19.4% YoY)
  • Sales: 18 (unchanged YoY)
  • Days on Market Average: 82 (+134.3% YoY)
  • MLS® HPI Benchmark Price: $1,464,000 (0.0% YoY)

Condos

  • Total Active Listings: 64 (+30.6% YoY)
  • Sales: 10 (+100.0% YoY)
  • Days on Market Average: 12 (-29.4% YoY)
  • MLS® HPI Benchmark Price: $544,000 (-15.8% YoY)

Townhomes

  • Total Active Listings: 38 (+26.7% YoY)
  • Sales: 20 (+81.8% YoY)
  • Days on Market Average: 33 (-25.0% YoY)
  • MLS® HPI Benchmark Price: $863,200 (-14.6% YoY)

Market Trends & Expert Insights

  • Detached Homes: Supply Down, Sales Flat, and Longer Selling Times Detached home listings fell 19.4% YoY, with sales holding steady. However, average days on market ballooned to 82 days (+134%), showing buyers are cautious or selective. Pricing held flat year-over-year. This is a segment to watch closely—slower movement suggests softening demand.
  • Condos: Prices Slide Despite Doubling Sales Condo sales doubled year-over-year, but the overall market remains weak. Inventory rose 30.6%, and despite faster sales (average 12 days on market), the benchmark price fell 15.8% YoY—a significant drop. This indicates sellers are having to adjust pricing aggressively to move units.
  • Townhomes: Standout Performer with Surging Demand Townhomes are driving Squamish’s market this month. Sales jumped 81.8% YoY, inventory rose 26.7%, and days on market fell 25% to 33 days. However, the benchmark price is down 14.6% YoY, showing that while activity is strong, buyers are still price-sensitive.
  • Sales-to-Active Ratio Insights:
    • Detached Homes: 31.0% (Seller’s Market)
    • Condos: 15.6% (Balanced Market)
    • Townhomes: 52.6% (Strong Seller’s Market)

What This Means for Buyers & Sellers

For Buyers:

  • Detached home buyers have leverage due to longer selling times—opportunities for negotiation exist.
  • Condo buyers are seeing prices fall—this is a clear buyer’s advantage.
  • Townhome buyers face the most competition as this segment is highly active.

For Sellers:

  • Detached sellers should price aggressively—units are sitting longer on the market.
  • Condo sellers must be prepared for price reductions to get sold.
  • Townhome sellers are well-positioned to capitalize on high demand, but buyers remain price-conscious.

Final Thoughts

Squamish is a market of contrasts this month—townhomes are in a strong seller’s market, condos face steep pricing pressure, and detached homes are moving slowly. Buyers should monitor trends closely, while sellers need to adjust strategies based on their property type.

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