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Sales to active listings = 12% for May 2019 keeping Whistler in a balanced market.
Breaking that down into property types: Detached homes = 5%, Condos = 17%, and Townhomes = 10%.
- **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: May 2019 = $1.5M, that’s $37k less than May 2018.
- Townhomes: May 2019 = $880k, that’s $93k less than May 2018.
- Condos: May 2019 = $500k, that’s $20k higher than May 2018.
In the last 30 days 76% of properties sold for under the list price, 8% sold over asking and 16% sold at list price.
Average days on the market dropped to 59.