the vancouver rennie review | February 2024

whistler CONDO - JANUARY 2 0 2 4

SALES TO LISTINGS RATIO 19% BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▲ 11% VS 2023

MEDIAN PRICE

TOTAL LISTINGS

SALES

▼ 14% VS 2023

▼ 27% VS 2023

▼ 14% VS 2023

0.0% VS 2023

There were 74 condo listings in Whistler in January, no change to December and 14% lower than January 2023.

January condo sales increased by 8% month-over-month, to 14, and were the same in January 2023.

THIS MONTH No.

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

The sales-to-listing ratio for condos in Whistler, at 19%, reflected a balanced market.

TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

14 74

14 86

11% -14% -27% 16% 0% -14%

13 74

8% 8% 0%

The condo median price in January was $442,000, a 39% decrease from December and 27% below January 2023. The average sold price was $539,429, 18% below last month; the average PSF sale price was $1,006, down 10% to last month.

$1,006 $539,429 $442,000 19%

$902 $624,536 $607,250 16%

$1,119 $661,765 $725,000 18%

-10% -18% -39%

▶ AVG PRICE PER SQUARE FOOT

▶ RECENT TRENDS

● JAN 2023 ● JAN 2024

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

95

94

82

86

74

74

71

69

74

74

68

64

61

37

32

29

25

15

21

14

14

16

13

13

13

12

$915K

$880K

$747K

$725K

$725K

$660K

$640K

$649K

$607K

$580K

$556K

$495K

$442K

WHISTLER

REBGV

▶ NUMBER OF BEDROOMS

▶ TOTAL LISTINGS & SALES BY PRICE RANGE

SELLERS' MARKET 21% +

BALANCED 12 - 20%

BUYERS' MARKET <12%

● SALES ● TOTAL INVENTORY

● SALES ● TOTAL INVENTORY ● S-L RATIO

16

14

4+ bdrms

12

10

1

63%

3 bdrms

8

5

50%

6

33%

29%

4

4

2 bdrms

31

2

8%

0

9

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2 bdrms

S-L RATIO SALES INVENTORY

15 5 33%

8 5 63%

7 2 29%

12 0 n/a

12 1 8%

2 1 50%

13 0 n/a

5 0 n/a

38

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 February 7, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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. 58 ●

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