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Sales to active listings = 12% for January 2019, up from 9% in December 2018, Pushing Whistler back into a balanced Market.
Breaking that down into property types: Detached homes = 7%, Condos = 17%, and Townhomes = 12%.
- **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: Jan 2019 = $1.7M, that’s $41k Less than Jan 2018.
- Townhomes: Jan 2019 = $872k, that’s $14k higher than Jan 2018.
- Condos: Jan 2019 = $506k, that’s $28k less than Jan 2018.
In the last 30 days 75% of properties sold for under the list price, 17% sold over asking and 8% sold at list price.
Average days on the market increased to 43 from 28 days last month.