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Whistler Market Update – February 2023

January 2023 vs. December 2022

Whistler (all property types):
Total Active listings (194) – 4% increase
Total Sales volume (16) – 56% decrease
Average Sale price ($1,302,094) – 40% decrease

Whistler Nightly rental properties (Phase One):
Total Active listings (52) –24% increase
Total Sales volume (5) – 38% decrease
Average Sale price ($1,290,000) – 31% decrease

Whistler Single Family Homes:
Total Active listings (42) – 9% decrease
Total Sales Volume (3) – 67% decrease
Average Sale price ($2,963,333) – 39% decrease

Pemberton:
Total Active Listings (48) – 4% increase
Total Sales volume (4) – 67% decrease
Average sale price ($869,750) – 32% decrease

WHISTLER REAL ESTATE MARKET REPORT: FOURTH QUARTER, 2022

The Whistler and Pemberton Real Estate markets were a bit of a roller coaster in 2022.

Real estate sales in the first two months of 2022 resembled the fast pace of 2021, but sales slowed significantly throughout the remainder of the year. This came as a function of economic uncertainty, with a poor-performing stock market and rapid interest rate increases, and an overall misalignment of buyer and seller expectations.

Whistler Real Estate Market

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Whistler Market Update – January 2023

December 2022 vs. November 2022

Whistler (all property types):
Total Active listings (187) – 11% decrease
Total Sales volume (36) – 13% increase
Average Sale price ($2,161,750) – 26% increase

Whistler Nightly rental properties (Phase One):
Total Active listings (42) –14% decrease
Total Sales volume (8) – 38% decrease
Average Sale price ($1,865,000) – 46% increase

Whistler Single Family Homes:
Total Active listings (46) – 25% decrease
Total Sales Volume (9) – 29% increase
Average Sale price ($4,891,333) – 40% increase

Pemberton:
Total Active Listings (46) – 13% decrease
Total Sales volume (12) – 1100% increase
Average sale price ($1,269,773) – 75% increase

Whistler Market Update – December 2022

November 2022 vs. October 2022

Whistler (all property types):
Total Active listings (210) – 7% decrease
Total Sales volume (32) – 18% decrease
Average Sale price ($1,709,394) – 9% decrease

Whistler Nightly rental properties (Phase One):
Total Active listings (49) –16% decrease
Total Sales volume (13) – 19% decrease
Average Sale price ($1,275,215) – 41% decrease

Whistler Single Family Homes:
Total Active listings (61) – 6% decrease
Total Sales Volume (7) – 40% increase
Average Sale price ($3,505,143) – 7% decrease

Pemberton:
Total Active Listings (53) – 13% decrease
Total Sales volume (1) – 80% decrease
Average sale price ($725,000) – 39% increase

Whistler Market Update – November 2022

October 2022 vs. September 2022

Whistler (all property types):
Total Active listings (227) – 1% decrease
Total Sales volume (39) – 26% increase
Average Sale price ($1,866,231) – 15% decrease

Whistler Nightly rental properties (Phase One):
Total Active listings (58) –2% decrease
Total Sales volume (16) – 3% increase
Average Sale price ($2,151,625) – 8% decrease

Whistler Single Family Homes:
Total Active listings (65) – 7% increase
Total Sales Volume (5) – 17% decrease
Average Sale price ($3,789,000) – 46% decrease

Pemberton:
Total Active Listings (61) – 3% decrease
Total Sales volume (5) – 17% decrease
Average sale price ($1,194,900) – 74% increase

WHISTLER REAL ESTATE MARKET REPORT: THIRD QUARTER, 2022

Let’s talk about what happened in the Whistler Real Estate market in Q3 2022.

In terms of sales volume, the Whistler market slowed down in Q3, with both July and September ranking in the top 10 lowest monthly sales volumes in the last 10 years. Inventory continued to rebound throughout the quarter, rising about 29% from Q2 2022, but we are currently sitting 37% below the 10-year inventory average. Even as sales have slowed and inventory has increased, median prices for single family, townhouses and condos remain up year-over-year. The median days on market for single family homes in Whistler in Q3 was 55 days, 43 days for townhouses, and 31 days for condos. While the number of days on market has increased significantly compared to both Q2 and the same quarter last year, these numbers are relatively normal compared to historical levels.

Watch Market Report Summary

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Whistler Market Update – October 2022

September 2022 vs. August 2022

Whistler (all property types):
Total Active listings (229) – 0% increase
Total Sales volume (31) – 14% decrease
Average Sale price ($2,218,500) – 49% increase

Whistler Nightly rental properties (Phase One):
Total Active listings (59) –2% decrease
Total Sales volume (12) – 50% increase
Average Sale price ($2,334,750) – 51% increase

Whistler Single Family Homes:
Total Active listings (61) – 5% decrease
Total Sales Volume (6) – 14% decrease
Average Sale price ($7,073,750) – 74% increase

Pemberton:
Total Active Listings (63) – 11% increase
Total Sales volume (6) – 14% decrease
Average sale price ($686,333) – 50% decrease

Whistler Market Update – September 2022

August 2022 vs. July 2022

Whistler (all property types):

Total Active listings (229) – 6% decrease
Total Sales volume (36) – 50% increase
Average Sale price ($1,493,417) – 5% increase

Whistler Nightly rental properties (Phase One):

Total Active listings (60) –3% decrease
Total Sales volume (8) – 33% increase
Average Sale price ($1,543,750) – 41% decrease

Whistler Single Family Homes:

Total Active listings (64) – 4% decrease
Total Sales Volume (7) – 133% increase
Average Sale price ($4,074,286) – 9% increase

Pemberton:

Total Active Listings (57) – 5% decrease
Total Sales volume (7) – 19% increase
Average sale price ($631,500) – 23% decrease

Whistler Market Update – August 2022

July 2022 vs June 2022

Whistler (all property types):

Total Active listings (243) – 10% increase
Total Sales volume (24) – 20% decrease
Average Sale price ($1,428,875) – 10% decrease

Whistler Nightly rental properties (Phase One):

Total Active listings (62) –22% increase
Total Sales volume (6) – 45% decrease
Average Sale price ($2,608,333) – 39% increase

Whistler Single Family Homes:

Total Active listings (67) – 12% increase
Total Sales Volume (3) – 50% increase
Average Sale price ($3,738,333) – 31% decrease

Pemberton:

Total Active Listings (60) – 28% increase
Total Sales volume (6) – 3% increase
Average sale price ($823,667) – 12% decrease

Whistler Real Estate Market Report: Second Quarter, 2022

Let’s talk about what happened in the Whistler Real Estate market in the second quarter of 2022.

In terms of sales volume, the Whistler market remains “normal”. Sales slowed slightly throughout the quarter, but the number of sales year-to-date remains in line with the 10-year average for Whistler. Inventory continued to rebound throughout the quarter, rising about 40% from Q1 2022, but still 10% shy of where we were sitting a year ago. Even as sales have slowed and inventory has increased, median prices for single family and condo prices have increased year-over-year.

Watch Market Report Summary

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