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Sales to active listings = 9% for December 2018 dropping from 22% in November. This figure puts Whistler into a buyers’ market!
Breaking that down into property types: Detached homes = 2% down from 13% last month, Condos = 12%, and Townhomes sit at 15%.
- **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: Dec 2018 = $1.7M, that’s $61k Less than Dec 2017.
- Townhomes: Dec 2018 = $882k, that’s $26k higher than Dec 2017.
- Condos: Dec 2018 = $497k, that’s $10.5k more than Dec 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 fell to just 34 from 55 last month.