Year over year, we see that Whistler property sales are down 41% and the total dollar volume of sales in down 31%. The median sale price in August 2022 however is still 21% higher than it was in August 2021. Whistler has entered a balanced market phase where sale prices are remaining steady rather than sharply increasing or decreasing.
Phase II hotel condos and shared ownership properties are the only 2 property types that have outpaced dollar volume compared to last year. This is likely a result of these properties being offered at a more affordable price point than unrestricted full ownership properties.
Among all full ownership property types, Phase I tourist accommodation properties have performed best in terms of increase in median sale price which is up 40% year over year. Chalets, townhouses and condos have also all increased in value by more than 20% in the past year. We anticipate seeing less significant price gains in the coming year with the current climate of rising interest rates.
~ 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.