Squamish Real Estate Market Report Q2 2025
Traditionally, we would compare Q2 2025 to the same period in 2024, which we will touch on briefly, however with so many other variables in play, comparing year over year to get a true gauge on the market does not give us an accurate representation of our current Squamish real estate market. A better focus might be to take a deeper look at Q1 2025 in comparison to the latest quarter, as its behaviour is more intuitive with our market and what the future may bring, rather than looking in the rearview mirror.
Comparing Q2 2024 vs Q2 2025
The noteworthy statistics when comparing Q2 2024 to 2025 are that sales were mixed; single family home sales are down 4%, townhome sales up 17% and apartments experienced the largest increase in sales with a 35% jump. Listings experienced an uptick for the same time frame with single family homes up slightly to 4%, townhomes up by 19% and once again apartments leading the way with a 35% increase in listing inventory. The most significant factors in comparing these timelines would be that interest rates were moving down, and the slow market for the previous year meant consumers had put off real estate decisions as long as they could.
Comparing Q1 vs Q2 2025
As we take a closer look at the first half of this year an interesting trend has emerged for both the sales and listing between Q1 and Q2. Our most recent monthly statistics (for June) showed a market that demonstrated fluctuating behaviour, and the same can be said when approaching the first quarter activity with that of the second quarter. The late spring market brought far more properties to the market in all housing segments than seen in typical years, and buyers were still ready to purchase the right property when it became available.
Listing inventory was up significantly in April, May and June with increases in all market segments; single family up 65%, townhomes 60% and apartments with a 50% increase. This surge in listings has been common throughout the Lower Mainland, however the difference in the Squamish market is that unlike other areas, our sales have not been as sluggish. The sales data saw a jump from the first quarter, single family homes is up 37%, townhomes increased by 53% and apartments at 60%.
Understanding the Difference in Local, Squamish Statistics
The provincial sales data is showing a distinct difference in the real estate market for the month of June. If you are in Northern BC, Kamloops, Vancouver Island or Victoria those areas are seeing sales that are on the rebound. While the Fraser Valley and the Lower Mainland is still below the 10-year average for sales, while listings are above that 10-year average. With the Squamish real estate market being lumped into the Lower Mainland statistics, a deeper dive into what is happening in your own backyard requires knowledge and expertise which come from knowing and working in our housing market. Our Black Tusk Realty agents are here to assist you in all your buying, selling and accurate real estate market activity needs so you can make the best move forward.
