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Greetings from beautiful Whistler BC, here is your Whistler real estate market update!
Sales to active listings = 28% for October 2018, in October 2017 it was 41%.
Breaking that down into property types: Detached homes = 17%, Condos = 36%, and Townhomes sit at 33%.
- **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: Oct 2018 = $1.7M, that’s $19k higher than Oct 2017.
- Townhomes: Oct 2018 = $951k, that’s $84k higher than Oct 2017.
- Condos: Oct 2018 = $523k, that’s $25k more than Oct 2017!
In the last 30 days 71% of properties sold for under the list price, 10% sold over asking and 19% sold at list price.
Average days on the market has dropped from 54 in Sept to 46 in October.