Residential Chalets, Townhouses and Condos have seen similar trends this year, with reduced listing inventory – properties are selling faster and for higher median prices. Phase I properties have been selling very quickly with an average DOM of only 18 days. There have been about 50% fewer vacant land sales than this time last year.
Phase II Hotel Condos and Shared Ownership properties stand out as the only two property types that have outperformed last year in total sales volume. The median sale price of a Shared Ownership property has increased by an astonishing 82% year-over-year. The total number of Phase II Hotel Condo sales has increased 40% year-over-year.
When comparing May 2022 to the previous month, we see that active listings increased by 20%, and the total number of properties sold decreased about 40% month-over-month.
~ Ron & Rachel
Market statistics gathered from WLS (Whistler Listing Service) & REBGV (Real Estate Board of Greater Vancouver). Information deemed reliable but should not be relied upon without verification.