whistler CHALET - JULY 2 0 2 4
DATA: WHISTLER LISTING SYSTEM (WLS)
MONTHS OF INVENTORY 13.4 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 40% VS 2023
▲ 40% VS 2023
▼ 59% VS 2023
▼ 15% VS 2023
There were 94 chalet listings in July, 4% above June and 40% higher than July 2023.
July chalet sales increased by 40% month-over-month, to 7, and were 40% above July 2023.
THIS MONTH No. $3,798,571 $3,100,000 13.4 7 94
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for chalets, at 13.4, reflected a buyers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$9,175,000 $3,650,000 13.4 5 67
-59% -15% 0.2% 40% 40%
$5,288,600 $5,525,000 18.0 5 90
-28% -44% -25% 40% 4%
The chalet median price in July was $3,100,000, a 44% decrease from June and 15% below July 2023.
The chalet average sold price was $3,798,571, 28% below last month and down 59% to July 2023.
▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
97
157
90
94
82
80
78
88
82
80
79
75
73
67
10
10
7
7
6
5
5
4
4
3
2
7
5
$7.90M $7.66M
30
$5.53M
$4.02M
$3.85M
18
$3.65M
$3.17M $3.00M
$3.11M $3.06M
$3.10M
$2.55M
$2.19M
Jul-23
Jun-24
Jul-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
20
9.0
8.0
15
6.0
4.7
10
5
0
<$2M
$2.0M-2.99M $3.0M-3.99M $4.0M-4.49M $5.0M-5.99M $6.0M-6.99M $7.0M-7.99M $8.0M-8.99M $9.0M-9.99M
$10M+
MOI INVENTORY SALES
0 3 n/a
2 16 8.0
3 14 4.7
0 11 n/a
1 9 9.0
1 6 6.0
0 9 n/a
0 5 n/a
0 2 n/a
0 19 n/a
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 August 6, 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. 58 ●
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