July saw a decrease in available listings to purchase in Whistler. Monthly active chalet, condo, duplex, townhouse and Triplex listings totaled 122. This was down 19% from the June total of 150. Monthly firm contracts totaled 57 in July. This matched the June total of 57. Single family homes saw a month over month sale price increase of 8%. Available inventory to purchase in July for Phase I townhomes was down 35% compared to June. Phase II hotel condo’s saw a 24% reduction in available inventory but saw a 32% increase in sales to active ratio. With the opening of the resort on July 1, the hotel condo sector of the Whistler market is seeing a noticeable bounce back in buyer demand. This uptick is fueled by US and foreign investors looking to secure time in the resort with a revenue stream that is coming back to life. Phase I unrestricted use condos are also seeing an increase in buyer demand. Median monthly sale price for Phase I condos rose 17% in July to $950,000 from $812,500 in June. The overall sales to active ration for Whistler is 46.7%. This is a 23% increase from the June S/A ratio of 38%.*
The Whistler real estate market continues to see steady sales with reduced listings, and currently sits at only 2 months of inventory.*
To view the July stats please click here. Should you have questions on the Whistler real estate market, please contact me.
*Source: Whistler Listing Service as of August 4 2021.