Debbie Evans REALTOR® with Royal Lepage Sussex

Cell: 778-875-4934 |

Squamish Real Estate - Will it see a Price Correction ?

I lived in Squamish and recently sold my home there and I am not surprised to see it growing as it is but I am a bit surprised at how close the pricing is to the North Shore now. There are very few jobs and amenities and you have to drive to get to work or go anywhere. We spent a lot of money in our budget on gas and vehicles while the kids were young. 


I spoke to a builder the other day and I am going to look more into this further but he told me people are building at $ 350 SFT Approx now in Squamish. I noticed a lot of the price Per SFT selling is around $ 400- $ 500 SFT. Prices are adjusting down a bit but not as drastically as the North Shore and Vancouver. 


Squamish’s population is growing: In 2016, it was 19,512, up from 17,158 in 2011, an increase of 13.7 percent.


I loved living in Squamish when it was affordable and still go there often as my son lives and works there but he can hardly afford to live there anymore and more and more people are moving back to the city. 


Will Squamish see a large price correction or keep rising as it has been? 


Here is a recent Article from the Vancouver Sun about Squamish. it is an amazing place to live but do your homework before buying and look at all of your options as it is a big investment long term. 


Vancouver Sun Article - 

Squamish: Canada’s outdoor capital is also one of its fastest growing communities

https://vancouversun.com/homes/westcoast-homes-and-design/buying-selling-westcoast-homes-and-design/squamish-canadas-outdoor-capital-is-also-one-of-its-fastest-growing-communities




See two examples I posted below on similar homes in Squamish and North Vancouver.



November 14, 2018 Update $ 80,000 drop in one month 


This property is now listed for $ 1,598,000


40332 Aristotle Drive
  • SquamishBCV8B 0V5
  •   Listing ID: R2318510
 October 14, 2018 


See this listing in Squamish 

40332 ARISTOTLE DRIVE

UNIVERSITY HIGHLANDS SQUAMISH V8B 0V5

$1,678,000

RESIDENTIAL DETACHED BEDS: 4 BATHS: 4.0 

2,969 SQ. FT. 

Lot Area: 6,797 sq. ft.

BUILT: 2016


Average Price per SqFT in this area $ 494 


Link Attached 

https://debbieevans.ca/recip.html#!/wps/-/noframe~true,tmpl~v2/recip/45928/browse/details-72215493


Main Photo: 40332 ARISTOTLE Drive in Squamish: University Highlands House for sale in "UNIVERSITY MEADOWS" : MLS®# R2231456



November 14, 2018 - No Price change in a month 


1534 Burrill Avenue
  • North VancouverBCV7K 1L
  •  
 
$1,878,000


Similar Listing North Vancouver Lynn Valley 

1534 BURRILL AVENUE

$1,878,000

RESIDENTIAL DETACHED BEDS: 6 BATHS: 4.0 

2,746 SQ. FT. BUILT: 2017

Lot Area: 4,024 sq. ft.

LYNN VALLEY NORTH VANCOUVER V7K 1L9


Average Price per SQFT in this area $618.79


Link Attached 

https://debbieevans.ca/recip.html#!/wps/-/noframe~true,tmpl~v2/recip/45928/browse/details-80255428

Main Photo: 1534 BURRILL Avenue in North Vancouver: Lynn Valley House for sale : MLS®# R2313590

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