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Whistler Real Estate Update – February 2024

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Sales to active ratio:

  • January 2024 = 14%
  • Detached homes = 6% 
  • Condos = 18%
  • Townhomes = 17%
  • Higher than last month = 12%
  • Higher than January 2023 = 12%
  • Lower than 5yr January average = 20% 
  • Lower than 10yr January average = 20%
  • **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

  • January 2024 = 29
  • Higher than as last month = 25
  • Higher than January 2023 = 22
  • Lower than 5 yr avg = 39
  • 25% Lower than 5 yr avg
  • Lower than 10 yr avg = 43
  • 32% Lower than 10 yr avg

Inventory:

  • January 2024 = 210
  • Lower than last month =218
  • Higher than January 2023 = 182
  • Lower than the 5 yr avg = 211
  • Lower than the 10 yr avg = 244

In a nutshell
January was a pretty slow month for sales, and inventory is right at the 5 year average for this time of year. February came out of the gate hot though! A few weeks can make a huge difference for the temperature of the market. 

Squamish Real Estate Update – February 2024

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

  • January 2024 = 14%
  • Detached homes = 9% 
  • Condos = 14%
  • Townhomes = 27%
  • Same as last month =14%
  • Same as January 2023 = 14%
  • Lower than 5yr January average = 22% 
  • Lower than 10yr January average = 19%
  • **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

  • January 2024 = 19
  • Lower than last month = 21
  • Higher than January 2023 = 17
  • Lower than the 5 yr avg = 28
  • 32% lower than 5 yr avg
  • Lower than the 10 yr avg =29
  • 34% lower than 10 yr avg

Inventory:

  • January 2024 = 139
  • Lower than last month =150
  • Higher than January 2023 = 125
  • Lower than the 5 yr avg = 141
  • Lower than the 10 yr avg = 163

In a nutshell
January was a pretty slow month for sales, and inventory is right at the 5 year average for this time of year. February came out of the gate hot though! A few weeks can make a huge difference for the temperature of the market.

Whistler Real Estate Update – January 2024

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

  • December 2023 = 12%
  • Detached homes = 3% 
  • Condos = 17%
  • Townhomes = 15%
  • Lower than last month = 15%
  • Lower than December 2022 = 18%
  • Lower than 5yr December average = 21% 
  • Lower than 10yr December average = 20%
  • **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

  • December 2023 = 25
  • Lower than as last month = 34
  • Lower than December 2022 = 32
  • Lower than 5 yr avg = 36
  • 30% Lower than 5 yr avg
  • Lower than 10 yr avg = 41
  • 39% Lower than 10 yr avg

Inventory:

  • December 2023 = 214
  • Lower than last month =223
  • Higher than December 2022 = 175
  • Higher than the 5 yr avg = 196
  • Lower than the 10 yr avg = 235

In a nutshell
Slow sales for this time of year, even though this is typically a slower time of year, it was slow even for this time of year! Inventory levels are starting to rise, now hovering between the 5 + 10 year average levels for this time of year. The outlook for 2024 looks good though! Rate cuts are expected, the general thought process for industry experts is that 2024 will be a good year for sales and prices. If you’re thinking of getting off the sidelines, the sooner the better. Reach out with any questions, I’m happy to help find you the perfect place! 

Squamish Real Estate Update – January 2024

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

  • December 2023 = 15%
  • Detached homes = 13% 
  • Condos = 14%
  • Townhomes = 21%
  • Lower than last month =21%
  • Same as December 2022 = 15%
  • Lower than 5yr December average = 38% 
  • Lower than 10yr December average = 33%
  • **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

  • December 2023 = 21
  • Lower than last month = 38
  • Lower than December 2022 = 22
  • Lower than the 5 yr avg = 36
  • 41% lower than 5 yr avg
  • Lower than the 10 yr avg =36
  • 41% lower than 10 yr avg

Inventory:

  • December 2023 = 137
  • Lower than last month =179
  • Lower than December 2022 = 142
  • Higher than the 5 yr avg = 132
  • Lower than the 10 yr avg = 147

In a nutshell
Slow sales for this time of year, even though this is typically a slower time of year, it was slow even for this time of year! Inventory levels are starting to rise, now hovering between the 5 + 10 year average levels for this time of year. The outlook for 2024 looks good though! Rate cuts are expected, the general thought process for industry experts is that 2024 will be a good year for sales and prices. If you’re thinking of getting off the sidelines, the sooner the better. Reach out with any questions, I’m happy to help find you the perfect place!