The median sale price has increased across all property types year-over-year, with Shared Owner properties and Vacant Land showing the largest price increases at 80% and 89% respectively. The median sale price of a Phase I (tourist accommodation zoned for nightly rentals) property has increased 37% year-over-year.
Phase II Hotel Condos are the only property type that have shown an increase in the number of sales with 17% more units sold year-over-year. Every other property type has had significantly fewer sales. Residential Chalets, Townhouses and Condos all had more than 40% less sales year-over-year.
The most noticeable market change is evident in the current Month over Month (June compared to May) stats. The total number of active listings increased by a healthy 27% in June compared to May bringing more options for buyers. Meanwhile the total number of sales in June was 28% lower than in May. With only 29 sales in June it was the lowest monthly number since the COVID lockdown in the Spring of 2020. If this trend of increased listing inventory and fewer sales continues into Q3 and Q4 we anticipate a more balanced normal market.
~ 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. Photo Credit: Tourism Whistler / Mike Crane.