whistler
RESTRICTED NIGHTLY RENTAL - OCTOBER 2 0 2 4
DATA: WHISTLER LISTING SYSTEM (WLS)
AVERAGE PSF PRICE ▼ 4% VS 2023
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 92% VS 2023
▲ 19% VS 2023
▲ 13% VS 2023
▼ 14% VS 2023
There were 25 restricted nightly rental listings in October, 14% above September and 92% higher than October 2023. October restricted nightly rental sales increased by 140% month-over-month, to 12, and were 14% below October 2023. The months of inventory for restricted nightly rental, at 2.1, re$ected a sellers' market. The restricted nightly rental median price in October was $469,000, a 30% decrease from September and 13% above October 2023. The average sold price was $538,658, 3% below last month; the average PSF sale price was $873, 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
12 25
14 13
124% -14% 92%
$1,125 $554,300 $669,000 4.4 5 22
-22% -3% -30% -53% 140% 14%
$873 $538,658 $469,000 2.1
$908 $454,429 $414,500 0.9
-4% 19% 13%
▶ MEDIAN DAYS ON MARKET (SOLD LISTINGS)
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
67
28
28
27
25
23
25
24
19
22
21
20
14
13
12
15
13
9
5
8
8
4
6
31
5
1
4
3
$745K
$684K
$669K
$639K
$609K
$530K
$494K
$500K
$486K
$469K
$457K
$443K
$415K
9
Oct-23
Sep-24
Oct-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
6.0
8
4+ bdrms
6
3.0
3 bdrms
2.0
4
1.0
1
0.3
2 bdrms
2
6
0
11
<$400K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES 4 4 1.0 3 9 3.0 1 2 2.0 3 1 0.3 0 2 n/a 0 1 n/a 1 6 6.0
<2 bdrms
19
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 November 12, 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. 62 ●
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