| November 2018 Stats:
Seasons greetings from beautiful Whistler BC, here is your Whistler real estate market update!
Sales to active listings = 23% for November 2018, in November 2017 it was 32%.
Breaking that down into property types: Detached homes = 13%, Condos = 20%, 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: Nov 2018 = $1.7M, that’s $39k Less than Nov 2017.
- Townhomes: Nov 2018 = $907k, that’s $40k higher than Nov 2017.
- Condos: Nov 2018 = $511k, that’s $14k more than Nov 2017.
In the last 30 days 90% of properties sold for under the list price, 4% sold over asking and 6% sold at list price.
Average days on the market has increased from 46 in October to 55 in November. |
