I trust all well for you and off to a great start for the week.  It’s been a busy one for me as I transition from my previous brokerage of Engel & Völkers over to Angell Hasman Whistler.  New in Whistler, although not new to Whistler, Angell Hasman has had a long-standing presence in West and North Vancouver, with a strong referral network in Whistler, Kelowna, and Victoria. We will be a small, dedicated group of local Whistler Realtors who are here to guide our clients through the nuances of real estate here in Whistler, Pemberton, and Squamish. I am very much looking forward to this new path with a great group of people.

The number of active Whistler residential listings (single family homes, townhomes, and condos) increased 15% from August to September 2023. September 2023 posted 102 active residential listings compared to August which posted 89. Compared to September last year, September 2023 saw 28% more active listings (102) than September 2022 (80).

The number of residential listings sold decreased 14% month over month. September 2023 saw 6 residential sales compared to August with 7 sales.  This gives us a ‘sales to active’ ratio of 6% for September 2023.  A Buyer’s market is anything less than 12% and a Seller’s market is above 20%. Last year, there were 11 residential sales in the month of September. This represents a 45% decrease year over year.

Median sale prices were up in September compared to August. The median residential sale price was $2.3.9M in August of this year, and in September this value was up to $3.4M, a increase of 44% month over month. This time last year, the median sale price for a residential listing was $$2.4M. This represents a 37% increase in value from this time last year.

Average Days on Market is more this year compared to September 2022. September 2023 average days on market is sitting at 48, compared to 40 days on market in September 2022. Total Year to Date sales volume has decreased 15% from last year; In September 2022 YTD sales volume was $388M; this year it is $329M.

If we include all unrestricted nightly rental Phase I and Hotel-condo Phase II properties, Whistler’s real estate market holds steady with ‘sales to active’ ratio of 15.4% in September.  Active listings also held steady at 175 for both August and September, and up 1% compared to September 2022 which saw 173 active listings. Firm contracts were the same month over month and 4% higher year over year. Median sale prices were up 9% from August to $1.13M in September, and there are 7 months of inventory available on the market.

Please connect if you would like 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.

Nick

*Stats as of Oct. 10, 2023 and taken from the Whistler Listing System and sampled from Phase I, Chalet, Condo, Duplex and Townhouse listings. Information deemed accurate at time of record and may be subject to change.