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Whistler Real Estate Update – January 2020

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Thank you for checking out my first real estate update for 2020!! 

Overall, 2019 was a bit of a roller coaster.  The 1st quarter was quite slow while the 4th quarter was relatively strong. The market is still showing strength now in deep winter, leads me to believe we are headed for a strong 2020.
 
Average home price (HPI Benchmark Price) for detached single family homes in Whistler (yearly average):
2019 = $1.59M
2018 = $1.60M
2017 = $1.53M
2016 = $1.32M
2015 = $1.06M

December 2019 

  • Dec 2019 = 14% 
  • Detached homes = 3% 
  • Condos = 21%
  • Townhomes = 14%
  • Lower than last month = 19%
  • Higher than Dec 2018 = 9%
  • Lower than 5yr Dec average = 18% 
  • Higher than 10yr Dec average = 12%

**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

  • Dec 2019 = 36
  • Lower than last month = 56
  • Higher than Dec 2018 = 19
  • Down from 5 yr avg = 42
  • 14% lower than 5 yr avg
  •  Exactly the same as the 10 yr avg = 36

Inventory:

  • Dec 2019 = 264
  • Lower than last month = 296
  • Higher than Dec 2018 = 220 
  • Higher than the 5 yr avg = 245
  • Lower than the 10 yr avg = 362

Squamish Real Estate Update – January 2020

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Thank you for checking out my first real estate update for 2020!! 

Overall, 2019 was a bit of a roller coaster.  The 1st quarter was quite slow while the 4th quarter was extremely strong. The market is still strong now in deep winter, leads me to believe we are headed for a flurry in the Spring and a strong 2020.

Townhomes are the strongest part of the market right now.  Even though they only accounted for 9 of the 36 sales, there were only 15 listed which is why the Sales to Active Ratio for Townhomes was 60%! 

Average home price (HPI Benchmark Price) for detached single family homes in Squamish (yearly average):
2019 = $965k
2018 = $975k
2017 = $925k
2016 = $780k
2015 = $600k

December 2019 Stats
Sales to active ratio:

  • Dec 2019 Overall = 28% 
  • Detached homes = 20% 
  • Condos = 27%
  • Townhomes = 60%
  • Higher than last month = 23%
  • Higher than Dec 2018 = 7%
  • Higher than 5yr Dec average = 27%
  • Higher than 10yr Dec average = 18%

**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

  • Dec 2019 Sales = 36
  • Lower than last month = 40
  • Higher than Dec 2018 = 14
  • Higher than the 5 yr avg = 34.5
  • 4% higher than 5 yr avg
  • Higher than 10 yr avg = 29
  • 24% Higher than 10 yr avg

Inventory:

  • Dec 2019 = 130
  • Less than last month = 197
  • Less than Dec 2018 = 211
  • Lower than the 5 yr avg = 152
  • Lower than the 10 yr avg = 214

Whistler Real Estate Update – November 2019

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October 2019 Stats

Sales to active ratio:

  • Oct 2019 = 17% 
  • Detached homes = 8% 
  • Condos = 24%
  • Townhomes = 22%
  • Higher than last month = 15%
  • Lower than Oct 2018 = 28%
  • Lower than 5yr Oct average = 30% 
  • Lower than 10yr Oct average = 19%

**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

  • Oct 2019 = 51
  • Lower than last month = 48
  • Lower than Oct 2018 = 58
  • Down from 5 yr avg = 67
  • 32% lower than 5 yr avg
  • Down on the 10 yr avg = 55
  • 8% Lower than the 10 yr avg

Inventory:

  • Oct 2019 = 303
  • Lower than last month = 316
  • Higher than Oct 2018 = 210
  • Higher than the 5 yr avg = 269
  • Lower than the 10 yr avg = 397

Overall what’s going on:
Overall, October was the lowest October for sales in the last 4 years.  That being said, it actually felt somewhat busy. This is because it was a best month for sales in 2019 so far!  Let’s see what the winter brings….now we just need some snow!! 

Squamish Real Estate Update – November 2019

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October 2019 Stats

Sales to active ratio:

  • Oct 2019 Overall = 32% 
  • Detached homes = 24% 
  • Condos = 33%
  • Townhomes = 43%
  • Higher than last month = 17%
  • Higher than Oct 2018 = 13%
  • Higher than 5yr Oct average = 28%
  • Higher than 10yr Oct average = 19%

**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

  • Oct 2019 Sales = 68
  • Up from last month = 45
  • Up from Oct 2018 = 33
  • Up on 5 yr avg = 57
  • 19% higher than 5 yr avg
  • UP from 10 yr avg = 45
  • 51% Higher than 10 yr avg

Inventory:

  • Oct 2019 = 214
  • Less than last month = 269
  • Less than Oct 2018 = 265
  • Slightly lower than the 5 yr avg = 216
  • Lower than the 10 yr avg = 299

Overall what’s going on:
WOW.  October was ridiculous.  One of the best October’s Squamish has ever seen for real estate sales. What does this mean moving forward?  Usually late fall sales start to slow down in Squamish, but not this year. I’m feeling a bull movement in the Squamish real estate market currently that could lead to a surging market in 2020.  BUT, you’ll just need to wait for the next real estate update to find out!