The number of active Whistler Phase II listings decreased by 6% in July 2023, compared to June 2023. July had 16 active listings compared to 17 active hotel-condo listings in June.  If we compare this to last year; July 2022 posted 25 active listings.  This represents 36% less active listings for Buyers to choose from this year, compared to last year.

The number of units sold is down from June; 3 sales in July compared to 4 in June. This gives us a ‘sales to active’ ratio of 18% for July 2023.  A Buyer’s market is anything less than 12% and a Seller’s market is above 20%. Last year, there were 7 Phase II sales in the month of July.

Median sale prices increased in July compared to June. The median Phase II sale price was $472,000 in June of this year, and in July this amount was $495,000, an increase of 5% month over month. This time last year, the median sale price for a hotel-condo listing was $472,000. This represents a 10% increase in value from this time last year.

Average Days on Market is less this year compared to July 2022. July 2023 average days on market is sitting at 11, compared to 29 days on market in July 2022. Total Year to Date sales volume has decreased 25% from last year; In July 2022 nightly rental YTD sales volume was $32M; this year it is $24M.

If we include residential and Phase I nightly rental properties, 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 up 3% month over month and 25% higher year over year. Median sale prices were down 13% from June to $1.53M 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.