November 2019 Whistler Real Estate Market News

The following video will give you an overview of the Whistler Real Estate Market News as of November 2019. This means that the statistics are for October 2019, as the November statistics cannot be released until December 1st. The real estate statistics are provided by the Real Estate Board of Greater Vancouver (REBGV). To see the full, five page statistical report, go to the Market Update page.

Detached House Market as of November 2019

From the chart below it would take just over 11 months to move all of the 104 listings. This is based on 9 sales every month. Due to the length of time it would take to move these houses, it keeps the detached housing market in a buyer’s market. However, for all the buyers out there who are relatively excited about this analysis, let us look at average days on the market (DOM). In October 2019 we saw a 228% increase over the DOM in October 2018. Look again at the 11 months it would take to move 104 listings in October 2019. Compare that to the 6 months it would have taken to move the 66 listings in October 2018 if 11 houses were sold each month. The segment was in a balanced market as product was spending less days on the market.

In summary, the detached housing market is showing no signs of jumping up to a balanced market. However, it seems from the DOM that the sellers and their agents, are hunkering down for a long wait to sell a house in Whistler. This is when you need an agent who can help you with patience and playing the long game when buying a house…you need to call me. Marion Anderson (604) 938-3885

October 2019October 2018
Buyer’s MarketBalanced Market
104 Listings66 Listings
9 Sales11 Sales
141 DOM43 DOM

SOLD: No ski-in ski-out detached houses were sold in October 2019.

Condo Market as of November 2019

When comparing the condo market for October 2018 to October 2019 the sales to active ratio is at the same point on the graph. The condo market in October 2018 was coming out of a seller’s market and was heading into a balanced market. In October 2019, the condo market is coming out of a balanced market and heading into a seller’s market. Over the past 12 months the condo markets have been entrenched in a balanced market. This means that prices could start to get higher as the seller has the upper hand…or at least think they have.

In October 2019 there was 4 months of condo inventory compared to just under 3 months of inventory in October 2018.

Condo October 2019Condo October 2018
Seller’s MarketSeller’s Market
100 Listings75 Listings
24 Sales27 Sales
110 DOM46 DOM

SOLD: 1 bed/1 bath Aspens, $817,000 DOM 13 +DOM Listed by Five Sails Realty; 2 bed & loft/2 bath Greystone $1,400,000; Listed by Whistler Real Estate Co.

Townhome Market as of November 2019

Creeping from a balanced market into a seller’s market in October 2019 this is the segment with the lowest number of listings. You would have to think that supply and demand kick-in on this market at some point, and that has added to the seller’s market positioning. The Days on the Market (DOM) for townhomes is the lowest of all three segments. There is definitely less choice for the buyer in this townhouse segment, so are buyers able to make the decision in less time? In addition, the detached housing market is cost prohibitive for most Whistler locals. When a house in extreme disrepair sells for $1.4M most buyers have turned to townhomes as their purchasing goal. When you live locally, I believe that those buyers take less time to decide. This attitude decreases the length of time the townhome sits on the market.

In October 2019 there was 4.5 months of townhouse inventory compared to just under 3 months of townhouse inventory in October 2018. Very similar to the condo market.

October 2019October 2018
Seller’s MarketSeller’s Market
77 Listings54 Listings
17 Sales17 Sales
50 DOM49 DOM

SOLD: 5 the Ridge,3 bed/3 bath, 1,744 sq. ft. sold for $1,900,000. Listed by Whistler Real Estate Co.

I am here to help you before, during and after the transaction. The recent rules effective June 15, 2018 have banned dual agency, so it is prudent to contact a Buyer’s Agent like me, for more information. Please contact me if you are not working with a realtor.

Click the following link for more information on the Market Update for Whistler real estate. Statistics courtesy of Real Estate Board of Greater Vancouver.

It’s a Good Life in Whistler!

Marion

[email protected]
(604) 938-3885
Marion Anderson, *PREC

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