the vancouver rennie review | January 2025

whistler

CHALET - DECEMBER 2 0 2 4

DATA: WHISTLER LISTING SYSTEM (WLS)

MONTHS OF INVENTORY 23.7 BUYERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 49% VS 2023

▲ 35% VS 2023

▲ 50% VS 2023

▼ 11% VS 2023

There were 71 chalet listings in December, 15% below November and 11% lower than December 2023. December chalet sales decreased by 40% month-over-month, to 3, and were 50% above December 2023. The months of inventory for chalets, at 23.7, reflected a buyers' market. The chalet median price in December was $2,950,000, a 4% increase from November and 35% above December 2023. The chalet average sold price was $3,250,000, 43% below last month and up 49% to December 2023.

THIS MONTH No. $3,250,000 $2,950,000 23.7 3 71

PREVIOUS MONTH No.

PREVIOUS YEAR

No.

% Change

% Change

TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE

$2,187,500 $2,187,500 40.0 2 80

49% 35% -41% 50% -11%

$5,698,000 $2,850,000 16.8 5 84

-43% 4% 41% -40% -15%

▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

101

81

94

93

90

77

84

95

78

80

69

80

79

71

75

73

10

9

7

7

6

5

5

5

4

4

4

2

3

$5.53M

$4.32M

$4.02M

$3.85M

$3.63M

$3.20M

$3.11M $3.06M

$3.10M

$2.85M $2.95M

$2.55M

$2.19M

Dec-23

Nov-24

Dec-24

▶ TOTAL LISTINGS & SALES BY PRICE RANGE

SELLERS' MARKET < 5

BALANCED 5 - 8

BUYERS' MARKET 8+

● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY

14

13.0

12

10

8

6

4.0

4

2

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 4 n/a

2 8 4.0

0 8 n/a

1 13 13.0

0 8 n/a

0 4 n/a

0 4 n/a

0 6 n/a

0 3 n/a

0 13 n/a

Copyright © 2025 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 January 13, 2025. 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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