whistler
UNRESTRICTED NIGHTLY RENTAL - AUGUST 2 0 2 4
DATA: WHISTLER LISTING SYSTEM (WLS)
AVERAGE PSF PRICE ▼ 3% VS 2023
MONTHS OF INVENTORY 11.7 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 42% VS 2023
▲ 4% VS 2023
▲ 56% VS 2023
▼ 40% VS 2023
There were 105 unrestricted nightly rental listings in August, 5% below July and 42% higher than August 2023. August unrestricted nightly rental sales increased by 13% month-over-month, to 9, and were 40% below August 2023. The months of inventory for unrestricted nightly rental, at 11.7, reflected a buyers' market. The unrestricted nightly rental median price in August was $1,650,000, a 27% decrease from July and 56% above August 2023. The average sold price was $1,737,222, 24% below last month; the average PSF sale price was $1,617, down 15% to last month.
THIS MONTH No. $1,617 $1,737,222 $1,650,000 11.7 9 105
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15 74
136% -40% 42%
$1,894 $2,290,438 $2,271,000 13.8 8 110
-15% -24% -27% -15% 13% -5%
$1,662 $1,669,333 $1,055,000 4.9
-3% 4% 56%
▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
110
116
51
101
98
105
110
92
99
92
88
87
86
74
36
25
28
22
15
15
10
10
15
8
8
17
9
14
11
$2.27M
$1.80M
$1.74M $1.74M $1.75M
$1.65M $1.58M
$1.65M
$1.62M $1.77M
$1.44M
$1.06M
$975K
Aug-23
Jul-24
Aug-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
25
24.0
1
4+ bdrms
20
22
15
3 bdrms
15
10
8.0
4
5.5
2 bdrms
5
3.0
32
0
4
<$800K $800K-999K $1.0M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4M+ MOI INVENTORY SALES 0 17 n/a 4 22 5.5 0 9 n/a 0 7 n/a 0 4 n/a 1 24 24.0 2 6 3.0 2 16 8.0
<2 bdrms
36
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 61 ●
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