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June 16, 2023
The Whistler Phase I nightly-rental real estate sector saw median sale prices decline from May 2022 compared to last month. May 2023 saw sale prices average $1.43M, compared to May 2022, which saw sales prices average $1.49M. This represents an 4% decline year over year.
The number of active listings increased from 165 in 2022, to 274 available listings to purchase in May 2023, a 66% year over year increase in listings.
The number of listings sold was down 21%, from 111 sales of nightly rental properties in 2022 to 88 in 2023, with Days on Market increasing from 17 in 2022 to 63 DOM in 2023.
Year to Date total dollar volume for Phase I nightly rental properties was down 18% from $196M in 2022 to $160M in 2023.
If we look at month to month stats for all Whistler listings (Phase I, Phase II hotel-condos and Residential) comparing April 2023 to May 2023, median sale price declined 8% from $1.37M to $1.27M.
The number of active listings also declined month over month, by 6% (192 in April, down to 181 in May) and units sold declined 5% from 55 in April 2023 to 52 in May.
*As of June 2, 2023 and taken from the Whistler Listing System. Information deemed accurate at time of record and may be subject to change.