Reporting each month on the strong sellers market for Whistler Real Estate is becoming the norm for my posts. I doubt any seller is complaining about that, as opposed to the potential buyers out there. The March statistics provided by The Real Estate Board of Greater Vancouver (REBGV) show a record breaking 54% sales to active listings ratio by the end of March. For those new to my market update videos please watch the video below to understand how we determine what market we are in.
Breakdown of Each Segment
There are three segments which are reported on by The REBGV: 1) detached houses; 2) townhomes; 3) condominiums. Condominiums include everything with the condominium moniker: residential, nightly rental, Phase 2 condo hotels, fractional ownership and timeshare. Therefore the least reliable segment to report on is the condominium segment.
Look at the image below to see how the condo and detach house segments were slower to move into a seller’s market, unlike the townhome segment. This graph shows me that from May 2020 more buyers were after a townhome rather than a condominium or detached house. However, as the townhome supply diminished the buyer had to consider a condo or a house.
Market Update In More Detail
For more statistics have a look at the Market Update page on this site for a more detailed breakdown on each segment. If you have any questions about real estate in Whistler, please contact me.
It’s a Good Life in Whistler!
604 938 3885
Marion Anderson Personal Real Estate Corporation
Sutton Group – West Coast Realty, 203-1080 Millar Creek Road, Whistler, BC V8E 0S7