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July 9, 2023
June 2023 saw 155 active Phase II listings. This compares to 121 in June 2022 and represents a 28% increase in listings year-over-year.
We saw 33 hotel-condo apartments sell in June 2023 compared to 54 in June 2022, a decrease of 39%.
Average days on market increased 67% from 38 DOM in June 2022 to 64 DOM in June 2023. Year To Date volume (Jan – June.) was down 23% from $28.8M in 2022 to $22.2M in 2023.
Just as we saw in May, median sale prices for hotel-condos are increasing. In June 2022 the median sale price was $479,000. Last month it had risen 2% to $490,000. Post pandemic income is steadily returning to the resort and I feel we will see prices in the hotel-condo sector continue to increase. If you are considering a purchase, ensure you have your ‘ducks in a row’ in order to be in a position to make a competitive offer. If you are thinking of selling, hold tight for now – I foresee the upcoming winter season will bring a shortage of inventory and an increase in demand, pushing prices higher.
If we look at the broader market and include residential and Phase I properties, in May 2023 we had 181 active listings compared to 217 in June. This is 20% in listings. Units sold were down 49% month over month, from 63 in May to 32 in June. Median sale price increased from $1.25M to $1.47M. This represented a 17% increase in sale price.
*As of July 4, 2023 and taken from the Whistler Listing System. Information deemed accurate at time of record and may be subject to change.