the vancouver rennie review | June 2024

whistler

RESIDENTIALLY-ZONED ATTACHED - MAY 2 0 2 4

DATA: WHISTLER LISTING SYSTEM (WLS)

AVERAGE PSF PRICE ▼ 15% VS 2023

MONTHS OF INVENTORY 5.3 BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 141% VS 2023

▲ 43% VS 2023

▼ 9% VS 2023

▼ 18% VS 2023

There were 53 residentially-zoned attached listings in May, 13% above April and 141% higher than May 2023.

May residentially-zoned attached sales increased by 100% month-over-month, to 10, and were 43% above May 2023.

THIS MONTH No.

PREVIOUS MONTH No.

PREVIOUS YEAR

No.

% Change

% Change

The months of inventory for residentially-zoned attached, at 5.3, re$ected a balanced market. The residentially-zoned attached median price in May was $1,224,500, a 21% decrease from April and 18% below May 2023. The average sold price was $1,338,300, 27% below last month; the average PSF sale price was $1,243, down 9% to last month.

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

10 53

$1,462 $1,472,714 $1,500,000 3.1 7 22

-15% -9% -18% 69% 43% 141%

$1,366 $1,844,800 $1,547,500 9.4 5 47

-9% -27% -21% -44% 100% 13%

$1,243 $1,338,300 $1,224,500 5.3

▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

46

53

47

42

36

36

35

33

29

34

33

31

31

22

24

10

7

10

6

6

4

4

4

4

7

2

7

5

$1.94M

$1.80M

$1.55M

$1.50M $1.59M $1.54M

$1.50M

$1.44M

$1.30M

$1.22M

$1.12M

$1.12M $1.25M

5

May-23

Apr-24

May-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

13.0

12

12.0

4+ bdrms

7

10

8.0

8

4

3 bdrms

27

6

3.0

4

2.7

4

2 bdrms

1.5

10

1.0

2

0

2

<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 1 1 1.0 2 3 1.5 1 8 8.0 1 3 3.0 3 8 2.7 1 12 12.0 0 5 n/a 1 13 13.0

<2 bdrms

9

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 June 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. 59 ●

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