Whistler Market Update – January 2025
🏔️ Whistler and Pemberton Year-End Recap for 2024 🏡✨
📍 Whistler Highlights:
505 sales in 2024 ⬆️ 2% from 2023, but ⬇️ 29% below the 5-year average.
Total sales volume: $826 million 💰 (lowest since 2019, ⬇️ 14% below the 10-year average).
Median days to sell:
Single-family homes: 57 days (⬆️ from 43 days in 2023).
Townhouses: 28 days (steady).
Condos: 30 days (steady).
Luxury sales: 💎 27 properties sold for over $5 million.
International buyers: Accounted for 13% of sales, including 7% from the US 🇺🇸.
📍 Pemberton Highlights:
108 sales in 2024 ⬆️ 6% from 2023.
Median sales price: $870,000 📈 (a record high).
193 new listings, including 39 parcels of vacant land.
Median days to sell:
Single-family homes: 53 days (⬆️ from 2023).
Condos: 27 days (⬇️ from 2023).
Luxury sales: 💎 Seven properties sold for over $2 million.
Buyer origins:
39% from Pemberton.
35% from Whistler.
17% from the Lower Mainland.
🎯 Looking Ahead to 2025:
📉 Lower mortgage rates are expected to fuel increased sales.
🌍 Favourable exchange rates may attract more international buyers.
🗳️ Upcoming elections in Canada 🇨🇦 and the US 🇺🇸 may bring policy changes affecting the market.
Real Estate Market Report – Q4 2024
Let’s talk about the Whistler and Pemberton real estate markets in 2024.
Whistler
In Whistler, there were a total of 505* sales in 2024, which is a 2% increase in sales from 2023, but remains 29% below the 5-year sales average. Total sales dollar volume in the Whistler market was $826M, which despite the slight increase in sales from last year, is the lowest dollar volume we have seen since 2019 and 14% below the 10-year average. Prices remained fairly consistent across all product categories when compared to 2023…
Whistler Market Update – December 2024
November 2024 vs. October 2024
Whistler (all property types):
Total Active Listings (273): 7% decrease
Total Sales Volume (31): 30% decrease
Average Sale Price ($1,833,765): 26% increase
Whistler Nightly Rental Properties (Phase One):
Total Active Listings (93): 3% increase
Total Sales Volume (9): 25% decrease
Average Sale Price ($1,827,322): 8% decrease
Whistler Single Family Homes:
Total Active Listings (87): 6% decrease
Total Sales Volume (5): 0%
Average Sale Price ($5,698,000): 55% increase
Pemberton:
Total Active Listings (51): 16% decrease
Total Sales Volume (8): 20% decrease
Average Sale Price ($992,875): 41% increase
Whistler Market Update – November 2024
October 2024 vs. September 2024
Whistler (all property types):
Total Active Listings (295): 10% decrease
Total Sales Volume (44): 42% increase
Average Sale Price ($1,452,890): 16% decrease
Whistler Nightly Rental Properties (Phase One):
Total Active Listings (90): 5% increase
Total Sales Volume (11): 38% increase
Average Sale Price ($2,066,955): 55% increase
Whistler Single Family Homes:
Total Active Listings (93): 8% decrease
Total Sales Volume (3): 50% decrease
Average Sale Price ($4,423,333): 21% increase
Pemberton:
Total Active Listings (61): 12% decrease
Total Sales Volume (10): 67% increase
Average Sale Price ($702,500): 10% decrease
Whistler Market Update – October 2024
September 2024 vs. August 2024
Whistler (all property types):
Total Active Listings (326): 2% decrease
Total Sales Volume (31): 48% increase
Average Sale Price ($1,738,719): 3% decrease
Whistler Nightly Rental Properties (Phase One):
Total Active Listings (86): 9% decrease
Total Sales Volume (8): 14% increase
Average Sale Price ($1,330,250): 39% decrease
Whistler Single Family Homes:
Total Active Listings (101): 6% increase
Total Sales Volume (6): 100% increase
Average Sale Price ($3,659,050): 29% decrease
Pemberton:
Total Active Listings (69): 0%
Total Sales Volume (6): 33% decrease
Average Sale Price ($783,167): 28% decrease
Real Estate Market Report – Q3 2024
Let’s talk about the third quarter of 2024 in the Whistler and Pemberton real estate markets.
Whistler
Despite a typical slow summer of sales, inventory levels declined slightly throughout the quarter. This came as a function of an almost 40% reduction in the number of listings coming to the market in Q3 vs Q2 (Note: there was a flurry of new listings that in the market back in April and May as a result of the capital gains changes that quickly slowed following the June 25 effective date). In Whistler, there were a total of 104 sales in Q3 spread fairly equally across July and August and a slight pick up in September…
Whistler Market Update – September 2024
August 2024 vs. August 2023
Whistler (all property types):
Total Active Listings (334): 50% increase
Total Sales Volume (21): 34% decrease
Average Sale Price ($1,799,100): 17% decrease
Whistler Nightly Rental Properties (Phase One):
Total Active Listings (95): 40% increase
Total Sales Volume (7): 53% decrease
Average Sale Price ($2,167,143): 30% increase
Whistler Single Family Homes:
Total Active Listings (95): 34% increase
Total Sales Volume (3): 25% decrease
Average Sale Price ($5,128,333): 18% decrease
Pemberton:
Total Active Listings (69): 10% increase
Total Sales Volume (9): 29% increase
Average Sale Price ($1,080,528): 10% decrease
Real Estate Market Report – Q2 2024
Let’s talk about the second quarter of 2024 in the Whistler and Pemberton real estate markets.
Over the course of the quarter, inventory levels continued to rise in both Whistler and Pemberton, which came as a function of both typical spring market activity and the capital gains changes that came into effect towards the end of the quarter. April was a busy month for sales in both the Whistler and Pemberton markets, which was followed by a slower May and June as the much-anticipated interest rate decrease at the beginning of June didn’t move the needle in terms of generating market activity.
Whistler
In Whistler, there were a total of 136* sales in Q2, with approximately half of these sales coming in the month of April. Overall, this is a 16% increase vs Q1, but down 18% from the same period last year…
Whistler Market Update – June 2024
May 2024 vs. April 2024
Whistler (all property types):
Total Active Listings (325): 9% increase
Total Sales Volume (43): 14% decrease
Average Sale Price ($1,587,698): 14% increase
Whistler Nightly Rental Properties (Phase One):
Total Active Listings (111): 21% increase
Total Sales Volume (8): 60% decrease
Average Sale Price ($1,240,375): 22% decrease
Whistler Single Family Homes:
Total Active Listings (81): 1% increase
Total Sales Volume (9): 125% increase
Average Sale Price ($4,109,444): 15% decrease
Pemberton:
Total Active Listings (74): 9% increase
Total Sales Volume (7): 46% decrease
Average Sale Price ($1,001,643): 8% decrease
Whistler Market Update – May 2024
April 2024 vs. March 2024
Whistler (all property types):
Total Active Listings (299): 9% increase
Total Sales Volume (50): 39% increase
Average Sale Price ($1,397,780): 26% decrease
Whistler Nightly Rental Properties (Phase One):
Total Active Listings (92): 12% increase
Total Sales Volume (20): 54% increase
Average Sale Price ($1,592,425): 38% decrease
Whistler Single Family Homes:
Total Active Listings (80): 1% increase
Total Sales Volume (4): 33% increase
Average Sale Price ($4,830,000): 12% decrease
Pemberton:
Total Active Listings (68): 13% increase
Total Sales Volume (13): 63% increase
Average Sale Price ($1,083,308): 56% increase
Real Estate Market Report – Q1 2024
Let’s talk about the first quarter of 2024 in the Whistler and Pemberton real estate markets.
Over the course of the quarter, inventory levels ticked up, as did consumer confidence, as a result of the Bank of Canada holding interest rates steady and suggesting that the first interest rate decrease will take place later this year. This has set the table for what we anticipate to be an active spring market.
Whistler
In Whistler, there were a total of 117* sales in Q1, with sales increasing for two consecutive months in January and February and a slight slow-down in March. Overall sales volumes were in line with the same period last year. However, the year-to-date dollar volume is up 9% vs Q1 2023…
Whistler Market Update – April 2024
March 2024 vs. February 2024
Whistler (all property types):
Total Active listings (275): 4% increase
Total Sales volume (36): 10% decrease
Average Sale price ($1,897,861): 19% increase
Whistler Nightly Rental Properties (Phase One):
Total Active listings (82): 11% increase
Total Sales volume (13): 8% increase
Average Sale price ($2,555,462): 9% decrease
Whistler Single Family Homes:
Total Active listings (79): 7% increase
Total Sales Volume (3): 50% decrease
Average Sale price ($5,500,000): 115% increase
Pemberton:
Total Active Listings (60): 6% decrease
Total Sales volume (8): 100% increase
Average sale price ($692,500): 20% decrease
Whistler Market Update – March 2024
February 2024 vs. January 2024
Whistler (all property types):
Total Active listings (265): 12% increase
Total Sales volume (40): 33% increase
Average Sale price ($1,591,870): 28% decrease
Whistler Nightly Rental Properties (Phase One):
Total Active listings (74): 1% decrease
Total Sales volume (12): 20% increase
Average Sale price ($2,802,167): 28% increase
Whistler Single Family Homes:
Total Active listings (74): 3% increase
Total Sales Volume (6): 20% increase
Average Sale price ($2,562,500): 54% decrease
Pemberton:
Total Active Listings (64): 5% increase
Total Sales volume (4): 20% decrease
Average sale price ($864,500): 36% decrease
Whistler Market Update – January 2024
December 2023 vs. December 2022
Whistler (all property types):
Total Active listings (258): 32% increase
Total Sales volume (24): 38% decrease
Average Sale price ($1,258,123): 42% increase
Whistler Nightly Rental Properties (Phase One):
Total Active listings (69): 53% increase
Total Sales volume (7): 30% decrease
Average Sale price ($2,156,571): no change
Whistler Single Family Homes:
Total Active listings (76): 65% increase
Total Sales Volume (2): 78% decrease
Average Sale price ($2,187,500): 55% decrease
Pemberton:
Total Active Listings (64): 36% increase
Total Sales volume (3): 73% decrease
Average sale price ($1,269,833): 2% increase
Real Estate Market Report – Q4 2023
2023 was an overall slower year in the Whistler and Pemberton real estate markets, allowing inventory to tick up while prices held. The main drivers of the lower sales volume were the impacts of inflation on households and the overall borrowing power of buyers as a result of the sustained high interest rates throughout the year.
Whistler
In Whistler, there were a total of 490* sales in 2023, which is a 13% drop from 2022 and the lowest annual sales volume our market has seen in the last 10 years. Total sales dollar volume in the Whistler market was $867M, about $60 million shy of the 10-year average. Prices, however, remained strong, with the median sale price of a Whistler property surpassing both the 2020 and 2021 medians from the heat of the pandemic market…
Whistler Market Update – December 2023
November 2023 vs November 2022
Whistler (all property types):
Total Active listings (248): 18% increase
Total Sales volume (24): 25% decrease
Average Sale price ($2,173,542): 27% increase
Whistler Nightly Rental Properties (Phase One):
Total Active listings (84): 65% increase
Total Sales volume (8): 38% decrease
Average Sale price ($2,814,375): 121% increase
Whistler Single Family Homes:
Total Active listings (74): 21% increase
Total Sales Volume (7): no change
Average Sale price ($3,164,571): 10% decrease
Pemberton:
Total Active Listings (74): 40% increase
Total Sales volume (7): 250% increase
Average sale price ($952,571): 74% increase
Real Estate Market Report – Q3 2023
Let’s talk about the third quarter of 2023 in the Whistler and Pemberton real estate markets.
The third quarter in Whistler and Pemberton consisted of steady sales, with some exceptional transactions boosting the luxury market segment. The consistent pace, while slightly lower sales activity, is due to the continued questions about interest rates and future Bank of Canada policies. Listing inventory has continued its slow upward progression. This could also be due in part to the end of the summer season, but it does afford buyers more options and opportunities to choose from.
Whistler
In Whistler, there were a total of 106* sales in Q3. This was down from Q2 but up compared to Q3 in 2022. Sales activity was lower than anticipated, likely due to buyers’ hesitation in predicting future interest rate trends…
Whistler Market Update – October 2023
September 2023 vs. September 2022
Whistler (all property types):
Total Active listings (263) – 15% increase
Total Sales volume (32) – 3% increase
Average Sale price ($1,897,454) –14% decrease
Whistler Nightly Rental Properties (Phase One):
Total Active listings (86) – 32% increase
Total Sales volume (9) – 18% decrease
Average Sale price ($2,682,111) – 8% increase
Whistler Single Family Homes:
Total Active listings (81) – 33% increase
Total Sales Volume (4) – 33% decrease
Average Sale price ($7,347,500) – 4% increase
Pemberton:
Total Active Listings (82) –30% increase
Total Sales volume (6) – 14% decrease
Average sale price ($856,667) – 27% decrease
Whistler Market Update – September 2023
August 2023 vs. August 2022
Whistler (all property types):
Total Active listings (223) – 3% decrease
Total Sales volume (30) – 25% decrease
Average Sale price ($2,228,208) –38% increase
Whistler Nightly Rental Properties (Phase One):
Total Active listings (65) – 12% increase
Total Sales volume (14) – 75% increase
Average Sale price ($1,613,571) – 5% increase
Whistler Single Family Homes:
Total Active listings (70) – 9% increase
Total Sales Volume (4) – 50% decrease
Average Sale price ($6,218,500) – 36% increase
Pemberton:
Total Active Listings (82) –44% increase
Total Sales volume (8) – 14% increase
Average sale price ($852,113) – 35% increase
Whistler Market Update – August 2023
July 2023 vs. June 2023
Whistler (all property types):
Total Active listings (219) – 1% increase
Total Sales volume (35) – even
Average Sale price ($2,693,971) –30% increase
Whistler Nightly Rental Properties (Phase One):
Total Active listings (66) – 8% increase
Total Sales volume (12) – 50% increase
Average Sale price ($1,993,333) – 2% decrease
Whistler Single Family Homes:
Total Active listings (58) – 5% increase
Total Sales volume (5) – 505 decrease
Average Sale price ($9,175,000) – 191% increase
Pemberton:
Total Active listings (74) – 10% increase
Total Sales volume (2) – 85% decrease
Average Sale price ($922,500) – 18% decrease