The number of active Whistler Phase II Hotel-condo listings decreased by 6% in August 2023, compared to July 2023. August had 17 active listings compared to 18 active hotel-condo listings in July.  Compared to August last year, August 2023 posted 17 active listings versus 18 active in 2022.  This represents 6% less active listings for Buyers to choose from this year, compared to last year.

The number of Phase II units sold is down from July; 3 sales in August compared to 5 in July. This still gives us a ‘sales to active’ ratio of 18% for August 2023.  A Buyer’s market is anything less than 12% and a Seller’s market is above 20%. Last year, there were 9 Phase II sales in the month of August.

Median sale prices were up again in August compared to July. The median Phase II sale price was $545,000 in July of this year, and in August this value was $650000, an increase of 19% month over month. This time last year, the median sale price for a hotel-condo listing was $488,000. This represents a 33% increase in value from this time last year.

Phase II hotel-condo Average Days on Market is less this year compared to August 2022. August 2023 average days on market is sitting at 28, compared to 81 days on market in August 2022. Total Year to Date sales volume has decreased 27% from last year; In August 2022 YTD sales volume was $37M; this year it is $27M.

If we include all residential and Phase I nightly rental properties, Whistler’s real estate market saw a ‘sales to active’ ratio of 14.9% in August, a decrease from the previous month’s ratio of 18.3%.

Active listings for all Whistler real estate were 7% higher in August than July at 175, and up 2% compared to August 2022 which saw 172 active listings. Firm contracts were down 13% month over month and 13% lower year over year.

Median sale prices were down 32% from July to $1.05M in August, and there is 7 months of inventory 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.

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