the vancouver rennie review | August 2024

whistler

FRACTIONAL OWNERSHIP - JULY 2 0 2 4

DATA: WHISTLER LISTING SYSTEM (WLS)

AVERAGE PSF PRICE ▲ 14% VS 2023

MONTHS OF INVENTORY 7.5 BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 50% VS 2023

▲ 11% VS 2023

▲ 7% VS 2023

0.0% VS 2023

There were 30 fractional ownership listings in July, 3% above June and 50% higher than July 2023. July fractional ownership sales increased by 100% month-over-month, to 4, and were the same in July 2023. The months of inventory for fractional ownership, at 7.5, reflected a balanced market. The fractional ownership median price in July was $304,500, a 49% increase from June and 7% above July 2023. The average sold price was $311,625, 52% above last month; the average PSF sale price was $365, up 8% 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

$365 $311,625 $304,500 7.5 4 30

$320 $281,250 $285,000 5.0 4 20

14% 11% 7% 50% 0% 50%

$340 $205,000 $205,000 14.5 2 29

8% 52% 49% -48% 100% 3%

▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

30

62

30

28

29

24

23

25

20

20

20

19

18

18

43

12

8

8

6

4

4

2

2

5

4

4

3

3

$355K

$346K

$339K

$335K

$330K

$325K

$321K

$313K

$305K

$285K

$235K

$221K

$205K

9

Jul-23

Jun-24

Jul-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

9.0

8

4+ bdrms

6

1

3 bdrms

15

3.5

4

1

2 bdrms

2

10

0

2

<$100K $100K-149K $150K-199K $200K-299K $300K-399K $400K-499K $500K-599K $600K+ MOI INVENTORY SALES 0 8 n/a 0 1 n/a 0 1 n/a 2 7 3.5 1 9 9.0 1 0 n/a 0 4 n/a

<2 bdrms

5

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. 60 ●

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