whistler
RESTRICTED NIGHTLY RENTAL - MARCH 2 0 2 4
DATA: WHISTLER LISTING SYSTEM (WLS)
AVERAGE PSF PRICE ▲ 40% VS 2023
MONTHS OF INVENTORY 3.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 14% VS 2023
▼ 23% VS 2023
▼ 29% VS 2023
There were 24 restricted nightly rental listings in March, 4% above February and 23% lower than March 2023. March restricted nightly rental sales decreased by 11% month-over-month, to 8, and were 14% above March 2023. The months of inventory for restricted nightly rental, at 3.0, reflected a sellers' market. The restricted nightly rental median price in March was $493,500, a 28% decrease from February and 3% above March 2023. The average sold price was $518,000, 31% below last month; the average PSF sale price was $1,394, up 7% 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
$1,394 $518,000 $493,500 3.0 8 24
$999 $727,571 $477,500 4.4 7 31
40% -29% 3% -32% 14% -23%
$1,301 $748,533 $684,000 2.6 9 23
7% -31% -28% 17% -11% 4%
▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
39
31
26
23
24
21
19
19
20
20
18
18
13
13
15
9
8
8
8
7
5
5
7
4
4
4
3
11
$684K
10
$639K
$583K
$545K
$534K
$538K
$494K
$482K
$486K
$478K
$472K
$480K
$457K
Mar-23
Feb-24
Mar-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
5.0
8
4+ bdrms
6
3 bdrms
2.0
1.5
4
2 bdrms
2
5
0
8
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES 0 3 n/a 6 9 1.5 1 5 5.0 1 2 2.0 0 2 n/a 0 1 n/a 0 2 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 April 10, 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