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Greetings from beautiful Whistler BC, here is your Whistler real estate market update!
Sales to active listings = 21% for Sept 2018, in Sept 2017 it was 38%.
Breaking that down into property types: Detached homes = 11%, Condos = 27%, and Townhomes sit at 30%.
- **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: Sept 2018 = $1.74M, that’s $82k higher than Sept 2017.
- Townhomes: Sept 2018 = $956k, that’s $112k higher than Sept 2017.
- Condos: Sept 2018 = $521k, that’s $5k less than Sept 2017!
In the last 30 days 77% of properties sold for under the list price, 15% sold over asking and 8% sold at list price.
Average days on the market has increased slightly to 54.