whistler
RESTRICTED NIGHTLY RENTAL - AUGUST 2 0 2 4
DATA: WHISTLER LISTING SYSTEM (WLS)
AVERAGE PSF PRICE ▲ 28% VS 2023
MONTHS OF INVENTORY 21.0 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 17% VS 2023
▲ 20% VS 2023
▲ 28% VS 2023
▼ 75% VS 2023
There were 21 restricted nightly rental listings in August, 22% below July and 17% higher than August 2023. August restricted nightly rental sales decreased by 75% month-over-month, to 1, and were 75% below August 2023. The months of inventory for restricted nightly rental, at 21.0, reflected a buyers' market. The restricted nightly rental median price in August was $745,000, a 22% increase from July and 28% above August 2023. The average sold price was $745,000, 8% below last month; the average PSF sale price was $1,287, up 28% to last month.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,287 $745,000 $745,000 21.0 1 21
$1,008 $622,500 $582,500 4.5 4 18
367% -75% 17%
$996 $806,875 $608,750 6.8 4 27
29% -8% 22% 211% -75% -22%
28% 20% 28%
▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
42
28
28
27
23
25
24
19
19
21
20
18
13 13
13
15
9
5
8
8
4
7
6
4
4
3
1
12
$745K
$684K
$639K
$609K
$583K
$538K
$530K
$494K
$500K
$486K
$480K
$457K
$443K
5
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
10
2.0
4+ bdrms
8
6
3 bdrms
4
2 bdrms
2
2
0
1
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES 0 3 n/a 0 10 n/a 0 2 n/a 1 2 2.0 0 1 n/a 0 3 n/a
<2 bdrms
19
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. 62 ●
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