Ron: 604-938-3815

Rachel: 604-966-4200

Photos credit: Tourism Whistler

Whistler Market Update October 2021

Fall is here and with it comes the first dusting of snow in the high alpine and the annual fall dining specials at local Whistler restaurants. Find some great deals in this week’s Pique magazine. If you’re a food lover then you’ll be excited to know that Whistler’s iconic fall event Cornucopia is returning November 4 – 28.

As we look back at Q3 2021, the Whistler market maintained the status quo that we saw in the first half of the year. The typically expected pre-season run of new listings has not materialized to date, and Whistler has an unprecedentedly low volume of inventory with only 95 full ownership properties currently for sale. While the number of sales has remained consistent over the last 5 months, inventory has yet to be replenished. Dollar volume traded has already surpassed the previous record of any year, with all these factors undeniably meaning upwards pressure on future sale prices. While condo and townhome sale price averages have remained relatively consistent this month, the hot commodity has been Chalets, which have seen an average increase of 23.5% over the previous month.

Whistler has now surpassed $1 billion in dollar volume traded this year-to-date, setting 2021 up to be the biggest sales year yet. As Canadians continue to feel insecure about the future of international travel, they are still looking to Whistler to spend holiday time with family and friends. Undoubtedly, new and current owners are looking forward to a relatively normal ski season ahead. We are working in a competitive environment and whether you are thinking of listing your property or buying, we are here to guide you and help you get the most out of it.

Call us today for a detailed market report or property valuation.

Stay safe & live well.

~ Ron & Rachel

Market statistics gathered from WLS (Whistler Listing Service), REBGV (Real Estate Board of Greater Vancouver) & BCREA (British Columbia Real Estate Association). Photo Credit: Tourism Whistler