whistler
UNRESTRICTED NIGHTLY RENTAL - MAY 2 0 2 4
DATA: WHISTLER LISTING SYSTEM (WLS)
AVERAGE PSF PRICE ▼ 17% VS 2023
MONTHS OF INVENTORY 11.7 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 139% VS 2023
▲ 7% VS 2023
▲ 12% VS 2023
▼ 58% VS 2023
There were 117 unrestricted nightly rental listings in May, 18% above April and 139% higher than May 2023.
May unrestricted nightly rental sales decreased by 57% month-over-month, to 10, and were 58% below May 2023.
THIS MONTH No. $1,479 $1,903,700 $1,677,500 11.7 10 117
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for unrestricted nightly rental, at 11.7, re&ected a buyers' market. The unrestricted nightly rental median price in May was $1,677,500, a 1.6% decrease from April and 12% above May 2023. The average sold price was $1,903,700, 21% above last month; the average PSF sale price was $1,479, down 8% to last month.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24 49
-17% 7% 12% 473% -58% 139%
23 99
-1.6% 172% -57% 18%
$1,785 $1,777,073 $1,502,500 2.0
$1,613 $1,576,022 $1,705,000 4.3
-8% 21%
▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
27
117
101
98
92
99
92
88
73
87
86
71
20
74
20
49
23
22
24
15
15
14
10
10
9
8
10
15
13
$1.77M
$1.73M $1.78M $1.75M $1.71M $1.68M
$1.62M
$1.50M $1.43M
$1.44M
$1.29M
$1.06M
$975K
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
25
22.0
21.0
2
4+ bdrms
19
20
3
15
3 bdrms
17
9.0
10
6.3
2
2 bdrms
5
2.7
36
0
3
<$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 3 8 2.7 0 19 n/a 1 21 21.0 4 25 6.3 0 10 n/a 1 9 9.0 0 3 n/a 1 22 22.0
<2 bdrms
45
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. 61 ●
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