The Covid-19 pandemic has had a detrimental effect on Whistler Real Estate. There have been zero sales to date in the month of April. Compare that to April 1-13, 2019 when we had 22 Sales. The video below reviews the Sales to Active Listings Ratio for the March 2020 statistics. In addition, the video covers what this current real estate situation means to Buyers. All statistics were provided by the Real Estate Board of Greater Vancouver taken from the Multiple Listing System (MLS) as of April 13th..
Covid-19 Effect On April 2020 Compared To April 2019
Not much explanation needed here. Less sales, more listings puts pressure on downward pricing. With 11 new listings in April, anyone who lists right now must know that it looks as though they have to get out of the market.
- Sales from April 1 – April 13, 2020 = Zero
- Sales from April 1 – April 13, 2019 = 22
- New Listings April 1 – April 13, 2020 = 11
- New Listings April 1 – April 13, 2019 = 4
If you are interested in securing Whistler Real Estate then it is important to start getting educated on what is happening in the Whistler market. The effects of the Covid-19 pandemic are just getting started, especially since March 2020 sales were not unremarkable. Watching real estate prices react to any global situation is always something to watch, but especially during the Covid-19 pandemic.
Stay home, stay safe. Please reach out to me if you are not already working with a realtor.
Marion Anderson, PREC*
*Personal Real Estate Corporation
Sutton Group – West Coast Realty
203-1080 Millar Creek Road, Whistler, BC, V8E 0S7 CANADA