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Greetings from beautiful Whistler BC, here is your Whistler real estate market update!
Another good month in the books for Whistler. August recorded $72M in sales, slightly lower than July 2017 but higher than Aug 2016, and still of the strongest months for sales in 2017. Other notable stats:
- We have seen a slight decline for August in terms of inventory, with just 160 properties on offer including 68 new listings for Whistler last month.
- Sales to active listings = 42% for Aug 2017, compared to 34% July 2017 and 30% in Aug 2016.
- **This ratio is calculating the monthly sales compared to the total # of listings, basically if there were no other listings how long would it take for the listings to run out. At 40% it would take less than 2.5 months. Referencing this stat: <12% is a buyers market and puts downward pressure on price, between 12%-20% is a balanced market with no pressure on price, >20% is a sellers market with upward pressure on price.
- HPI Benchmark Price:
- Detached: Aug 2017 = $1.64Mk, that’s $240k higher than Aug 2016.
- Townhomes: Aug 2017 = $815k, that’s $53k higher than Aug 2016.
- Condos: Aug 2017 = $504k, that’s 128k higher than Aug 2016.
- Average days on the market in Whistler for August was just 17 days.
- 62% of the properties sold in Whistler in the last 30 days were sold under list price, 19% Sold at ask and 19% sold over ask.