Whistler Real Estate Update – October 2019

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

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!