Squamish is about to start raining condos. Are you ready for it? It couldn’t come at a better time really. At the time of writing this post there are only six condos listed under the $400K with half of those being built before the 1970’s. There’s simply not a lot for sale in Squamish for people looking under half a million, and as housing affordability becomes an increasing pressure, more inventory is needed at the lower end of the market.
Good news is we are about to see the pre-sales of several condo developments launch. Bad news is that completion for these condos is about two years away (at least). With The Main (which is sold out) just breaking ground, and Cleveland Gardens which is also starting, there will be a period of low inventory for condos in Squamish.
And townhomes… well, Summits View is now sold out saying good-bye to an era of pre-sale townhomes under the $600K mark (for now anyway). There are still over a dozen townhomes remaining at Soleil and The Breeze, with a few Seven Peaks remaining too. After these projects are sold out expect a lag before future developments are launched. With the District pushing density it appears condos are the housing model of choice and we will likely be seeing a lot more of in future developments like Waterfront Landing and Newport Beach.
Here’s the latest on some of the hot developments in Squamish this September.
Are you ready for the release of The Vantage? We certainly are. Brown paper masks the windows of the new display centre which will be opening imminently. The boutique collection of 73 one, two and three bedrooms condos is expected to sell fast with prices starting in the low $300Ks for one bedrooms, mid-$400ks for two bedrooms and high $500ks for three bedrooms!
Launch date is last week of September or first week of October with the presentation centre set to open in a few weeks time. Buyer’s will likely line up for first dibs on condos, and a 20 percent deposit will be required to secure one. Completion is expected summer 2019.
Expect floorplans and features soon. If you haven’t registered yet, contact us and we can get you on the list.
Another exciting condo project for downtown. The Amaji will be located on 2nd Ave Squamish and will feature one and two bedroom condos ranging between 507 and 997 sq. ft. Sales are expected to launch sometime this month and floorplans have already been released (contact us and we can send them to you).
Investors will delight in The Lauren which will feature one and two-bedroom condos starting at $299K!! There will be 48 units in total and the project will be located on Third Ave in downtown Squamish. The Lauren will be released September 16th and at this price point, will likely sell fast. For floorplans and further information, contact us.
Summits View the final stage of Eaglewind is now SOLD OUT! Congrats to everyone that secured one of these townhomes. Still looking for a pre-sale townhome in Squamish? Try Soleil, Seven Peaks or The Breeze instead.
There are a handful of spacious and well-appointed Seven Peaks townhomes remaining with completions in 2018! You can view the current townhomes on the market in this development here:
As always if you’re looking to purchase off the plan, we are here to represent you as a Buyer’s Agent. This is a free of charge service and will ensure your best interest is taken care of during the property transaction. Read our recent article titled 5 Reasons To Use a Buyer’s Agent for more info!