Across all property types, total sales dollar volume in January 2022 was just 2% higher than January 2021, despite the total number of units sold having decreased by 39%. Active listings totalled 126 in January, down 46% compared to this time last year. The average number of Days on Market (DOM) was 41 days this January, down 45% year over year.
The median sale price increased across all property types, with the largest increase seen in Residential Townhouses which rose 108% on average. The median chalet sale price was $4.8m in January, compared to $3.3m year-over-year. Vacant land also had a very strong start to the year, with a median sale price of $1.7m, up 139% year-over-year; with total sales dollar volume coming in at $7.6m, up 72%.
Not many Phase I properties traded hands in January. There were only 9 sales in total, which is 50% less than January last year. The median sale price of a Phase I property just surpassed $1m. The total dollar volume of Phase II condos increased by 62% year-over-year, with a median price of $440K. Shared Ownership property values have soared, with the January median price at $350K, up 59% year- over-year.
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.