Black Tusk Realty Ltd.

What a difference a year can make

 At this time last year the housing market began a down turn that was unexpected for most and unprecedented in recent memory.  The Greater Vancouver Real Estate Board is reporting that sales in September where the second highest ever recorded for that month in Board history.  While that may not be the case for Squamish there were strong signs that the market was returning to more historic levels.
 
In September 2006 the number of detached homes that sold were 22, in 2007 they were 21, in 2008 a low of 11 and in 2009 we were at 23.  For town home the sales were 16 in 2006, for 2007 it was 15, 2008 there were 10 and in 2009 it was 15.  As for the apartments 2006 there were 8, 2007 the sales were 12, in 2008 a total of 10 and for 2009 there were 10.  Other than September of 2008 the number of sales in all property types in Squamish is virtually the same.  While the market for 2009 has seen a definite improvement it will not come close the reaching the record year of 2007,  it is expected that sales will be at levels similar to 2004.
 
The major indicators for the market remain positive with cautious optimism for the next quarter of 2009.  Prices are stable, inventory is slightly on the raise, interest rates remain low and buyer confidence is up.  This is typically is referred to as a Buyer’s market and in most market cycles it is a Buyer’s market at least 75% of the time.  The remainder of the year should see a normal market.

The Artisan in Squamish

Ideally located midway between Vancouver and Whistler in the heart of the new downtown Squamish Spectacular, unobstructed views of the Stawamus Chief and surrounding mountains Striking resort-inspired architecture by award-winning Barnett Dembeck Architects, all painted in distinctively rich colours Fully landscaped, south facing courtyard amenity space for residents only Two dedicated art galleries at the building front entry featuring local art for all to enjoy. www.theartisansquamish.com

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