Whistler Market Update – January 2025


πŸ”οΈ Whistler and Pemberton Year-End Recap for 2024 🏑✨

πŸ“ Whistler Highlights:

  • 505 sales in 2024 ⬆️ 2% from 2023, but ⬇️ 29% below the 5-year average.

  • Total sales volume: $826 million πŸ’° (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: πŸ’Ž 27 properties sold for over $5 million.

  • International buyers: Accounted for 13% of sales, including 7% from the US πŸ‡ΊπŸ‡Έ.

πŸ“ Pemberton Highlights:

  • 108 sales in 2024 ⬆️ 6% from 2023.

  • Median sales price: $870,000 πŸ“ˆ (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: πŸ’Ž Seven properties sold for over $2 million.

  • Buyer origins:

    • 39% from Pemberton.

    • 35% from Whistler.

    • 17% from the Lower Mainland.

🎯 Looking Ahead to 2025:

  • πŸ“‰ Lower mortgage rates are expected to fuel increased sales.

  • 🌍 Favourable exchange rates may attract more international buyers.

  • πŸ—³οΈ Upcoming elections in Canada πŸ‡¨πŸ‡¦ and the US πŸ‡ΊπŸ‡Έ may bring policy changes affecting the market.

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Real Estate Market Report – Q4 2024