whistler
UNRESTRICTED NIGHTLY RENTAL - JULY 2 0 2 4
DATA: WHISTLER LISTING SYSTEM (WLS)
AVERAGE PSF PRICE ▲ 4% VS 2023
MONTHS OF INVENTORY 22.0 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 51% VS 2023
▲ 55% VS 2023
▲ 117% VS 2023
▼ 67% VS 2023
There were 110 unrestricted nightly rental listings in July, no change to June and 51% higher than July 2023.
July unrestricted nightly rental sales decreased by 67% month-over-month, to 5, and were 67% below July 2023.
THIS MONTH No. $2,015 $2,716,700 $2,799,000 22.0 5 110
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for unrestricted nightly rental, at 22.0, reflected a buyers' market. The unrestricted nightly rental median price in July was $2,799,000, a 55% increase from June and 117% above July 2023. The average sold price was $2,716,700, 25% above last month; the average PSF sale price was $2,015, up 25% to last month.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15 73
117% 352% -67% 51%
$1,611 $2,179,933 $1,803,000 7.3 15 110
25% 25% 55% 200% -67% 0%
$1,929 $1,753,500 $1,287,000 4.9
4% 55%
▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
116
42
110
101
98
110
92
99
92
34
88
87
86
73
74
24
24
22
15
15
15
10
10
15
8
16
14
11
5
$2.80M
$1.80M
$1.74M $1.74M $1.86M
$1.68M $1.58M
$1.62M $1.77M
$1.44M
$1.29M
$1.06M
$975K
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
25
24.0
4+ bdrms
20
19
15
2
3 bdrms
15
11.0
10
7.0
3
2 bdrms
5
33
1.0
0
<$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 7 n/a 0 18 n/a 0 19 n/a 1 24 24.0 1 11 11.0 1 7 7.0 2 2 1.0 0 22 n/a
<2 bdrms
43
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. 61 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online