whistler
RESTRICTED NIGHTLY RENTAL - APRIL 2 0 2 4
DATA: WHISTLER LISTING SYSTEM (WLS)
AVERAGE PSF PRICE ▲ 9% VS 2023
MONTHS OF INVENTORY 1.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 8% VS 2023
▲ 63% VS 2023
▼ 4% VS 2023
▼ 6% VS 2023
There were 25 restricted nightly rental listings in April, 4% above March and 4% lower than April 2023. April restricted nightly rental sales increased by 63% month-over-month, to 13, and were 63% above April 2023. The months of inventory for restricted nightly rental, at 1.9, reflected a sellers' market. The restricted nightly rental median price in April was $500,000, a 1.3% increase from March and 6% below April 2023. The average sold price was $598,115, 15% above last month; the average PSF sale price was $1,081, down 22% 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
13 25
$990 $556,125 $533,750 3.3 8 26
9% 8% -6% -41% 63% -4%
$1,394 $518,000 $493,500 3.0 8 24
-22% 15% 1.3% -36% 63% 4%
$1,081 $598,115 $500,000 1.9
▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
46
26
24
25
23
21
19
19
20
20
18
18
13 13
13
15
9
8
8
5
5
8
7
4
4
4
3
17
$684K
$639K
$583K
10
$545K
$534K
$538K
$500K
$494K
$482K
$486K
$472K
$480K
$457K
Apr-23
Mar-24
Apr-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
14
4.3
12
4+ bdrms
10
3.0
8
3 bdrms
6
1.0
1.0
0.7
0.5
4
2
2 bdrms
5
2
0
11
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES 0 1 n/a 1 1 1.0 0 2 n/a 1 1 1.0 1 3 3.0 3 2 0.7 3 13 4.3 4 2 0.5
<2 bdrms
20
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 May 8, 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 ●
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