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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! 

Whistler Real Estate Update – October 2019

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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!

Squamish Real Estate Update – October 2019

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September 2019 Stats

Sales to active ratio:

  • Sept 2019 Overall = 17% 
  • Detached homes = 19% 
  • Condos = 7%
  • Townhomes = 27%
  • Higher than last month = 15%
  • Higher than Sept 2018 = 9%
  • Lower than 5yr Sept average = 23%
  • Higher than 10yr Sept average = 16%

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

Sales:

  • Sept 2019 Sales = 45
  • Up from last month = 40
  • Up from Sept 2018 = 23
  • Down from 5 yr avg = 49
  • 9% lower than 5 yr avg
  • UP from 10 yr avg = 40
  • 12% Higher than 10 yr avg
     

Inventory:

  • Sept 2019 = 260
  • Less than last month = 262
  • Less than Sept 2018 = 269
  • Higher than the 5 yr avg = 226
  • Lower than the 10 yr avg = 319

Overall what’s going on:
September was an active month for real estate.  We talked about the # of sales, but we didn’t talk about the dollar volume.  September 2019 had the highest dollar volume of sales for as long as I can look back, likely it was the highest dollar volume for sales in Squamish ever.  Sept 2017 was really close, but other than that no other September came close. I’m so used to saying “the lowest in the last 4 years”, it’s nice to be able to say it was the strongest month in the last however many years.  September started off pretty average, then ½ way in it started to heat up.  As I make this video we are well into October, and I can tell you that the market is still going strong.  It will be interesting to see if October is stronger than September, you’ll just have to wait for the next market update to find out!