the vancouver rennie review | March 2024

whistler TOWNHOME - FEBRUARY 2 0 2 4

SALES TO LISTINGS RATIO 16% BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▲ 37% VS 2023

MEDIAN PRICE

TOTAL LISTINGS

SALES

▲ 7% VS 2023

▲ 50% VS 2023

▼ 23% VS 2023

▼ 35% VS 2023

There were 69 townhome listings in Whistler in February, 17% above January and 50% higher than February 2023. February townhome sales increased by 10% month-over-month, to 11, and were 35% below February 2023. The sales-to-listing ratio for townhomes in Whistler, at 16%, re&ected a balanced market. The townhome median price in February was $1,310,000, a 28% decrease from January and 23% below February 2023. The average sold price was $1,639,909, 19% below last month; the average PSF sale price was $1,536, up 6% to last month.

THIS MONTH No.

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

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

11 69

17 46

37% 7% -23% -57% -35% 50%

10 59

6% -19% -29% -6% 10% 17%

$1,536 $1,639,909 $1,310,000 16%

$1,120 $1,539,029 $1,700,000 37%

$1,452 $2,015,100 $1,840,000 17%

▶ AVG PRICE PER SQUARE FOOT

▶ RECENT TRENDS

● FEB 2023 ● FEB 2024

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

66

69

69

68

52

59

59

57

46

54

46

45

43

18

15

14

17

11

11

14

14

13

10

9

9

8

$2.55M

$2.32M

$1.97M

$1.88M

$1.86M

$1.84M

$1.70M

$1.48M $1.48M

$1.46M

$1.31M

$1.27M

$1.20M

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

30

100%

1

4+ bdrms

25

7

20

67%

2

3 bdrms

33

50%

15

10

6

2 bdrms

21

11%

10%

5

9%

8%

0

2

<2 bdrms

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

8

S-L RATIO SALES INVENTORY

11 1 9%

2 1 50%

9 1 11%

2 2 100%

3 2 67%

13 1 8%

29 3 10%

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 March 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. 57 ●

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