the vancouver rennie review | January 2025

whistler

UNRESTRICTED NIGHTLY RENTAL - DECEMBER 2 0 2 4

DATA: WHISTLER LISTING SYSTEM (WLS)

AVERAGE PSF PRICE ▲ 13% VS 2023

MONTHS OF INVENTORY 8.2 BUYERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 2% VS 2023

▲ 15% VS 2023

▲ 116% VS 2023

▲ 38% VS 2023

There were 90 unrestricted nightly rental listings in December, 9% below November and 2% higher than December 2023. December unrestricted nightly rental sales remained the same month-over-month, at 11, and were 38% above December 2023. The months of inventory for unrestricted nightly rental, at 8.2, reflected a buyers' market. The unrestricted nightly rental median price in December was $2,110,000, a 111% increase from November and 116% above December 2023. The average sold price was $2,200,818, 31% above last month; the average PSF sale price was $1,861, up 14% 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

11 90

$1,654 $1,920,750 $975,000 11.0 8 88

116% -26% 38% 2%

11 99

14% 31% 111% -9% 0% -9%

$1,861 $2,200,818 $2,110,000 8.2

$1,626 $1,679,855 $1,000,000 9.0

13% 15%

▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

111

117

113

106

99

98

111

100

90

96

96

88

93

87

66

25

15

15

14

14

11

8

11

17

8

14

11

11

36

$2.27M

$2.11M

$1.80M

$1.74M $1.74M $1.75M

$1.65M $1.58M

$1.65M

$1.54M

$1.34M

$1.00M

$975K

Dec-23

Nov-24

Dec-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

20

20.0

1

4+ bdrms

20

15

4

3 bdrms

14

10

9.0

8.5

1

4.0

4.0

5

2 bdrms

28

1.5

0

5

<$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 5 n/a 3 12 4.0 2 17 8.5 0 16 n/a 2 8 4.0 2 3 1.5 1 9 9.0 1 20 20.0

<2 bdrms

28

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. 61 ●

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