Reported Dollar Volume traded year-to-date stopped a hair short of the $1.4 billion CAD mark at the end of November, comfortably setting a new record for the measure. An almost full year of market activity tells an interesting story, the standout being the increase in Average Price in the Single Family Home market. Only 10% more properties were traded versus the previous year, but Average Price increased by 22.4% year-to-date.
Similarly, Shared Ownership opportunities were up by 24.5% in value, but by contrast, 60% more units changed hands versus the previous year. Of particular interest however is the Condo market, which has seen some record high sales, but statistically shows almost no change in Average Price year-over-year, despite 67% more sales than the previous year.
In isolation, we are seeing ‘high demand’ units (eg. ski in/out, newer product, certain locations) selling for record numbers, but that is in balance with the rest of the market throughout the Village. Despite the continued lack of inventory, monthly sales remained consistent through November. Removing shared ownership and vacant lots from listings, there are only 65 Freehold Full ownership properties currently for sale in Whistler.
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). Photo credit: Tourism Whistler / Mike Crane.