Whistler Real Estate Update – August 2018

CLICK HERE TO SEE A FULL VERSION OF THE NEWSLETTER

August 2018 Stats:

Greetings from beautiful Whistler BC, here is your Whistler real estate market update!

Sales to active listings = 19% for Aug 2018, in Aug 2017 it was 41%.
Breaking that down into property types: Detached homes = 12%, Condos = 30%, and Townhomes sit at 19%.

  • **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: Aug 2018 = $1.78M, that’s $137k higher than Aug 2017.
  • Townhomes: Aug 2018 = $941k, that’s $121k higher than Aug 2017.
  • Condos: Aug 2018 = $556k, that’s $52k higher than Aug 2017.

In the last 30 days 76% of properties sold for under the list price, 13% sold over asking and 11% sold at list price.
Average days on the market has increased slightly to 48.