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- Number of active listings continues to drop with just 129 last month!
- Sales to active listings = 33% for Dec 2017, compared to 41% in Nov 2017 and 23% in Dec 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 statistic: <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: Dec 2017 = $1.65M, that’s $241k higher than Dec 2016.
- Townhomes: Dec 2017 = $999k, that’s $193k higher than Dec 2016.
- Condos: Dec 2017 = $507k, that’s $106k higher than Dec 2016.
- The YTD figure for Whistler continued to be lower than 2016.
- In the last 30 days 74% of properties sold for under the list price, 14% sold over ask and 12% at list price.