The number of active Whistler Phase I unlimited owner use nightly rental listings stayed the same from July to August 2023. Both months had 60 active condo and townhome listings. Compared to August last year, August 2023 posted 60 active listings versus 61 active listings in 2022.

The number of Phase I units sold also held steady over the past 2 months with both months reporting 13 sales. This gives us a ‘sales to active’ ratio of almost 22% 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 I sales in the month of August, a 44% increase in sales.

Median sale prices were down in August compared to July. The median Phase I sale price was $1.9M in July of this year, and in August this value was $1.3M, a decrease of 32% month over month. This time last year, the median sale price for a Phase I listing was $$1.3M. This represents a 2% decrease in value from this time last year.

Phase I Average Days on Market is less this year compared to August 2022. August 2023 average days on market is sitting at 38, compared to 60 days on market in August 2022. Total Year to Date sales volume has decreased 20% from last year; In August 2022 YTD sales volume was $253M; this year it is $203M.

If we include all residential and Phase II 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 available on the market.

*Stats as of Sept 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.