Year-over-year, Whistler had a 22% increase in sales in contrast to the Greater Vancouver Real Estate Board, which is bemoaning a 9% decrease in sales over the same period.
Year-over-year, Whistler saw a 6% drop in new listings, and the sales-to-inventory ratio of 12% indicates a balanced market.
After COVID, inventory peaked last June at 341 listings, and a year later inventory was at 319 listings, meaning that the selection in Whistler right now is only 7% off the post-COVID peak. The selection of real estate for sale may be as good as it gets.
One way to gauge what’s happening in the market is by analyzing the ski-in ski-out niche. When a development that hasn’t had a listing for years suddenly has two properties for sale, the market is responding.
The current Market Update video is posted on this blog page. Each month I remove the previous month’s Market Update Video and replace it with the current video. I am not sure why you might want to view the Market Update Videos from past months or years, but if you do they are on my YouTube Channel Market Update Playlist.
For more information on the Canadian real estate market, subscribe to the YouTube channel of Steve Saretsky: Vancouver Realtor, Housing Analyst/Consultant, and Canadian Real Estate/Finance Blogger.
If you think I would be a good fit to work with you and your family, and you are not already working with a Whistler realtor, please contact me. My name is Marion Anderson, and I help people buy real estate in Whistler.
Marion
Marion Anderson Personal Real Estate Corporation
Sutton Group-West Coast Realty, Whistler
marion@marionanderson.com (604) 938-3885