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June 2018 Stats:
Sales to active listings = 26% for June 2018 which is the same figure as May 2018, in June 2017 it was 32%.
Overall Whistler remains a sellers market at 26%. Breaking that down into property types: Detached = 9%, Condos = 33%, + Townhomes = 41%.
- **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.
- 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: June 2018 = $1.7M, that’s $149k higher than June 2017.
- Townhomes: June 2018 = $1.1M, that’s $293k higher than June 2017.
- Condos: June 2018 = $579k, that’s $135k higher than June 2017.
In the last 30 days 85% of properties sold for under the list price, last month that figure was 53%! 11% sold over asking and just 4% sold at list price.
Average days on the market for has increased to 41, last month the figure was just 32 days.