We saw a pretty quiet start to the year in terms of sales numbers. This is not surprising given that there haven’t been any interest cuts yet. There has been an increase of active listings. The current inventory is almost at 300 listings. The highest it has been since late 2020.
Certain segments of the market have seen more action than others. And there have been frequent multiple offer situations.
In a market with very distinct market segments, it’s important to look at the individual segments, as well as the big picture.
Residential:
Single Family. There have only been 10 sales of single family homes in Whistler in the first quarter of 2024. With exactly half of the sales under $4mil and half above.With prices ranging from $2.62mil to $12mil. You can download a a sales report for those properties here.
Townhomes. This segment was the busiest in Q1 of 2024. There were 29 sales, ranging from $670,000 to $5.8mil. This is a very big range, and has to be looked at a big closer. Apart from the obvious differentiators like size and location, it also has to be considerd, that some of these townhomes allow for nightly rentals, and thus the sales price is much higher. Click here to have a look at the detailed sales report.
Phase 2 (Hotel Properties):
21 sales of Phase 2 properties were recorded in the first three months of 2024. This was a busy segment that saw a number of multiple offer situations as well as some quick sales with a short time on the market. Sales prices ranged from $427,000 (studio) to $1.365mil (2 bedroom suite). You can download a a sales report for those properties here.
Condos that allow nightly rentals:
We saw 17 sales of properties in this category. Again, there’s a wide range of prices here, from $479,000 to a record breaking $9.3mil. You can find the sales report here.
