Every month I pull the latest numbers from the Real Estate Board of Greater Vancouver, and the July report is one worth slowing down for — because the story has actually flipped from what I told you last month. In June I said detached homes were heating up while condos were cooling off. This month it’s nearly the reverse: detached gave back some ground, condos steadied, and townhomes quietly became the tightest corner of the market.
One thing to keep in mind before we dig in. July is a slow month, and Squamish is a small market to begin with — 15 detached sales, 13 condo sales, 18 townhome sales. When the numbers are that small, a single listing can swing an average, so read what follows as direction, not gospel. The month-over-month shifts tell a clearer story than any one figure.
Detached homes: prices eased off
The detached benchmark landed at $1,638,300 in July, down about 3.9% from June’s $1,705,300, and down 3.6% year-over-year. That’s a real move down from a segment that looked strong just a month ago. Sales dropped to 15 (from 23 in June, and 27 a year ago), with 96 homes active.
The sales-to-active ratio sits at 15.6% — squarely balanced territory. But here’s the nuance: the detached homes that did sell moved fast, averaging just 22 days on market, the quickest of all three segments. Put those together and the picture is: there’s plenty of inventory and a thinner pool of buyers, but a well-priced home still finds its buyer quickly.
Where the softness shows most is the top end. The higher-priced neighbourhoods logged zero sales in July — Tantalus ($1,853,300, down 8.6% year-over-year) and University Highlands ($1,969,200, down 6.1%) both sat still. The active selling band was $900K–$1.5M, which accounted for 6 of the 15 sales. Most neighbourhood activity came out of Garibaldi Estates (4 sales), with Brackendale and Garibaldi Highlands each contributing 3.
Condos: the slide paused
After a rough year for condos, July was the first month in a while that didn’t add to the pain. The benchmark held essentially flat at $545,800, up a whisker from June’s $545,200 — though still down 13.1% year-over-year, which tells you how much ground was lost over the past twelve months.
The month-over-month signs all point the same direction: sales rose to 13 (from 9 in June), inventory fell to 81 (from 98), and days on market shortened to 29 (from 38). The sales-to-active ratio is 16.0% — balanced. Downtown Squamish remains the engine of the condo market, accounting for 7 of the 13 sales against 33 active listings, and the core price band is $400K–$900K, where 11 of 13 sales happened.
I wouldn’t call this a recovery. But the bleeding has stopped for now, and if you’ve been holding out for condo prices to fall further before you buy, this is the first month in a while that hasn’t rewarded the wait.
Townhomes: the tight spot
Townhomes are now the firmest segment in Squamish. The sales-to-active ratio hit 36.0% — comfortably a seller’s market, and the strongest of the three. Sales came in at 18, double the 9 from a year ago, while inventory dropped sharply to 50 (from 70 in June).
The benchmark slipped just under the million mark to $999,600, down 1.8% year-over-year — but a couple of pockets actually rose: Garibaldi Estates townhomes were up 1.7% and Valleycliffe up 1.3%, two of the only positive year-over-year numbers in the entire report.
One oddity worth naming: even though townhomes are the tightest market, they took the longest to sell, averaging 44 days. With only 18 sales, that average leans on a handful of listings, so I read it as noise rather than a genuine signal. The tightness is real where it counts — Northyards logged 4 sales against just 3 active listings, about as competitive as it gets, and Downtown Squamish and Tantalus each recorded 4 sales as well.
What this means if you’re buying or selling
Detached buyers have room to negotiate and more to choose from, especially higher up the price ladder where listings are sitting. Just don’t assume everything is soft — the right home, priced right, is still going in about three weeks.
Detached sellers need to price to today’s market, not to last spring. The homes that are sitting are almost always the ones chasing 2024 numbers.
Condo buyers are looking at a market that appears to have found its footing, at least for now. Waiting for a deeper discount has become a gamble, and inventory is thinning out.
Townhome buyers are in the most competitive segment. If you find the right place — particularly in tight pockets like Northyards or Garibaldi Estates — be ready to move decisively, because good listings aren’t sitting around.
Townhome sellers are in the strongest position of the three segments right now.
The bottom line
The overall Squamish picture in July is a market that’s rebalancing rather than moving in one direction. Detached softened, condos steadied, townhomes tightened — three different stories under one town’s name. A monthly benchmark is a snapshot, and in a market this size the averages move around, so what matters most is what any of this means for your specific street, price point, and timeline.
That’s exactly the conversation I like having. If you’re weighing a move — in either direction — reach out anytime and we’ll talk through what these numbers mean for you.
Art Power — your Sea to Sky Realtor®
604-916-6001 · art@artpowerrealty.com
Data source: Real Estate Board of Greater Vancouver, Squamish REALTOR® Report, July 2026 (current as of August 4, 2026). Benchmark prices reflect the MLS® Home Price Index. Percentage changes are calculated using rounded figures.