September 2019 Whistler Real Estate Market News

The following video will give you an overview of the Whistler Real Estate Market News for September 2019. 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. The statistics are linked to the REBGV and they are automatically updated, usually by the 5th of the month at the latest.

Detached House Market September 2019:2018

Clients should be encouraged that this detached house segment is in a strong Buyer’s Market and with the YOY 54% increase in listings and the very low number of sales, it will continue to stay in a buyers market. The  cost of entry into this segment is cost-prohibitive for many local workers who are looking for a principal residence. So it is a waiting game for any seller, especially those sellers in the $5M plus market

September 2019September 2018
Buyer’s MarketBalanced Market
109 Listings71 Listings
9 Sales8 Sales

SOLD: The only detached house, with ski-home access that sold in September 2019 was a 5 bed/7 bath, 5,090 sq. ft. house on Horstman Lane. Built in 2008 and it sold for $9,000,000. This was a magnificent home.

Condo Market September 2019:2018

The question with the condo segment is how many owners will decide to list, or are they committed to the huge revenue they can generate over the Christmas break. Considering the time of year, we could see the sales increase in October, and with a lack of new listings, this will affect a change from a balanced to a sellers market.

September 2019September 2018
Balanced MarketSeller’s Market
100 Listings69 Listings
23 Sales19 Sales

SOLD: The lowest priced ski-in ski-out, 1 bed/1 bath, 575 sq. ft. condo was at the Aspens. It sold for $799,000. So far there have been 6 sales in the Aspens in 2019. This was the second lowest priced sale YTD in the Aspens.

Townhome Market September 2019:2018

Out of the 3 segments, the townhomes saw the largest increase in listings, with the largest drop in sales…so this segment looks like it is moving to a buyer’s market. Due to the lack of locals ability to purchase a detached house they then look at the townhome product, and with the demand, the seller’s have overpriced them accordingly, and they are not selling. I wonder how many sellers and their agents, will start to issue price reductions to respond to the market change? 

September 2019September 2018
Balanced MarketSeller’s Market
87 Listings55 Listings
11 Sales15 Sales

SOLD: The lowest priced ski-in ski-out townhome that sold in September 2019, was a 3 bedroom in the Ridge at Taluswood, on Whistler Mountain. This 1,410 sq. ft., 3 bed/3 bath townhome sold for $1,599,000.

To view other Market Update reports, have a look at the Market Update page on this site. Rather than look at sold listings, have a look at Active Ski-in Ski-out Listings, which are taken from every real estate brokerage in Whistler.

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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