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September 2019 Stats
Sales to active ratio:
- Sept 2019 = 15%
- Detached homes = 8%
- Condos = 23%
- Townhomes = 13%
- Exactly the same as last month = 15%
- Lower than Sept 2018 = 20%
- Lower than 5yr Sept average = 24%
- Lower than 10yr Sept average = 16%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Sept 2019 = 48
- Lower than last month = 49
- Higher than Sept 2018 = 43
- Down from 5 yr avg = 63
- 24% lower than 5 yr avg
- Down on the 10 yr avg = 53
- 10% Lower than the 10 yr avg
Inventory:
- Sept 2019 = 312
- Lower than last month = 315
- Higher than Sept 2018 = 210
- Higher than the 5 yr avg = 285
- Lower than the 10 yr avg = 410
Overall what’s going on:
The Whistler real estate market is hanging out in the mid to lower end of a balanced market. The # of sales for September 2019 was a bit low, but interestingly enough the dollar volume of September sales over the past 4 years has been very similar. Detached homes continue to be in the buyer’s market category while condos have migrated to a seller’s market category (just for a few months now, takes longer than that to have an upward effect on price). Inventory is the highest it’s been in the past 4 years, and YTD sales are still the slowest in the last 4 years. Let’s see if we get some early snow to spark the market!