Whistler residential property (Chalet, Townhouse and Condo) sales saw 2023 median monthly sale prices increase in July compared to June.*

In June the median residential sale price was $1,537,500 and in July this amount was $2,025,000; an increase of 32%. This time last year, the median sale price was $1,588,333. This represents a 27% increase in values from this time last year.

The number of active listings increased by 3% in July 2023 compared to June 2023. July had 77 active listings compared to 75 active residential listings in June.  If we compare this to last year; July 2022 posted 85 active listings.  This represents 9% less active listings for Buyers to choose from this year, compared to last year.

The number of units sold is down from June; 12 sales in July compared to 17 in June.  Last year, there were 6 residential sales in the month of July.  This gives us a ‘sales to active’ ratio of 15.6% for July 2023.  A Buyer’s market is anything less than 12% and a Seller’s market is above 20%.

Average Days on Market is substantially higher this year compared to July 2022.  July 2023 average days on market is sitting at 68 compared to 41 days on market in July 2022.  Total Year to Date sales volume has decreased 19% from last year; In July 2022 residential YTD sales volume was $338M; this year it is $274M.

If we include nightly rental properties and hotel-condos, Whistler’s real estate market saw a ‘sales to active’ ratio of 18.3% in July.  Active listings for all of Whistler were 4% higher in July than June at 164, but 11% less compared to July 2022, which saw 184 active listings. Firm contracts were 3% higher month over month and 25% higher year over year. Median sale prices were down 13% from June to $1.5M in July, and there is 5 months of inventory currently on the market.

*Stats as of August 6, 2023 and taken from the Whistler Listing System and sampled from Chalet, Condo and Townhouse listings. Information deemed accurate at time of record and may be subject to change.