All throughout the summer I’ve sounded like a broken record.
When someone asked me “how’s the Whistler real estate market?” I’d always say that it’s been quiet in terms of sales. I’d say, that buyers are in a good position to negotiate because a lot of properties have been on the market for a while.
We had an increase in inventory earlier this year, which was good news for buyers, finally a bit more choice.
But, I’d also point out, that there are many buyers circling. And when they all start buying, the market will shift. We know too well, that this can happen fast and furious!
And recently, since around the beginning of October, things have been starting to change!
The last two weeks have been busy. “Deals-are-being-made”-busy.
The inventory has stabilized and even come down a bit again now.
Now, I’m not a big fan of putting on any pressure… but if you are ready and in a good position to buy. Maybe don’t wait too long?
Here is a break down of what sold in the third quarter of 2024
(July – September)
Residential:
Single Family. There were 19 sales of single family homes in Whistler in the third quarter of 2024. Prices ranging from $1.6mil (in the Black Tusk neighbourhood) to $8.7mil. You can download the sales report for those properties here.
Townhomes. We saw 29 townhome sales in this time frame. With prices ranging from $750,000 to $3.6mil. 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 considered, 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 and let me know if you have any questions.
Phase 2 (Hotel Properties):
Only 10 sales of Phase 2 properties were recorded in this quarter. To compare, in the previous quarters which saw 21 and 27 sales respectively. Sales prices ranged from $225,000 (studio) to $1.75mil (2 bedroom suite at the Four Seasons). You can download a sales report for those properties here.
Condos that allow nightly rentals (Phase 1):
We saw 16 sales of properties in this category. With a price range of range from $310,000 (a studio on leasehold land) to $13.7mil. You can find the sales report here.
Shared ownership:
There were 16 sales of shared ownership properties. The sales report can be found here.
If you are interested in a more detailed report, tailored to what you are looking for, just send me a quick email and I’ll get back to you straight away.