Ron: 604-938-3815

Rachel: 604-966-4200

Photos credit: Tourism Whistler

Whistler Market Update July 2022

Whistler sees market shift after 2-years of heated seller's market conditions. 

Looking back at Q2 2022, Whistler overall has seen a less heated market than the same period last year, with 24% fewer active listings and 36% fewer sales year-over-year. Despite there being less market activity, the median sale price of a Whistler property has still increased by an impressive 27% year-over-year – from $1.25m in 2021 to $1.58m in 2022.

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.

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

~ 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.