The number of active Whistler Phase I listings (Townhouse and Condo) increased by 5% in July 2023, compared to June 2023. July had 60 active listings compared to 57 active nightly-rental listings in June.  If we compare this to last year; July 2022 posted 69 active listings.  This represents 13% less active listings for Buyers to choose from this year, compared to last year.

The number of units sold is up from June; 13 sales in July compared to 8 in June.  Last year, there were 10 Phase I sales in the month of July.  This gives us a ‘sales to active’ ratio of 21.7% for July 2023.  A Buyer’s market is anything less than 12% and a Seller’s market is above 20%.

Median sale prices increase in July compared to June. The median Phase I sale price was $1,289,000 in June of this year, and in July this amount was $1,916,250, an increase of 49% month over month. This time last year, the median sale price for a nightly rental listing was $1,583,750. This represents a 21% increase in value from this time last year.

Average Days on Market is higher this year compared to July 2022. July 2023 average days on market is sitting at 42, compared to 36 days on market in July 2022. Total Year to Date sales volume has decreased 23% from last year; In July 2022 nightly rental YTD sales volume was $243M; this year it is $187M.

If we include residential listings and hotel-condos, Whistler’s real estate market saw a ‘sales to active’ ratio of 18.3% in July.  Active listings for all Whistler real estate were 4% higher in July than June at 164, but down 11% compared to July 2022 which saw 184 active listings. Firm contracts were 3% higher month over month and 25% higher year over year. Median real estate sale prices were down 13% from June to $1.53M in July, and there is 5 months of inventory currently on the market.

Please connect if you further information and please think of me if you or friends are considering purchasing or selling Whistler real estate. I am happy to share my expertise.

Sincerely,

Nick

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