the rennie review | December 2023

whistler CONDO - NOVEMBER 2 0 2 3

SALES TO LISTINGS RATIO 18% BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▲ 43% VS 2022

MEDIAN PRICE

TOTAL LISTINGS

SALES

▲ 61% VS 2022

▲ 75% VS 2022

▼ 11% VS 2022

▼ 19% VS 2022

There were 71 condo listings in Whistler in November, 11% above October and 11% lower than November 2022. November condo sales decreased by 65% month-over-month, to 13, and were 19% below November 2022. The sales-to-listing ratio for condos in Whistler, at 18%, reflected a balanced market. The condo median price in November was $880,000, a 52% increase from October and 75% above November 2022. The average sold price was $885,038, 11% above last month; the average PSF sale price was $1,314, up 12% to last month.

THIS MONTH No.

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

13 71

16 80

43% 61% 75% -8% -19% -11%

37 64

12% 11% 52% -68% -65% 11%

$1,314 $885,038 $880,000 18%

$918 $550,675 $501,500 20%

$1,172 $799,716 $580,000 58%

▶ AVG PRICE PER SQUARE FOOT

▶ RECENT TRENDS

● NOV 2022 ● NOV 2023

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

95

94

82

80

86

74

81

69

71

74

68

64

61

37

32

29

25

15

16

21

16

14

13

13

12

12

$915K

$880K

$747K

$725K

$660K

$640K

$649K

$607K

$604K

$580K

$556K

$502K

$495K

WHISTLER

REBGV

▶ NUMBER OF BEDROOMS

▶ TOTAL LISTINGS & SALES BY PRICE RANGE

SELLERS' MARKET 21% +

BALANCED 12 - 20%

BUYERS' MARKET <12%

● SALES ● TOTAL INVENTORY

● SALES ● TOTAL INVENTORY ● S-L RATIO

16

14

4+ bdrms

12

10

3 bdrms

8

6

40%

6

33%

5

4

2 bdrms

20%

18%

17%

14% 13%

32

2

0

8

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2 bdrms

S-L RATIO SALES INVENTORY

12 2 17%

6 2 33%

5 2 40%

15 3 20%

7 1 14%

8 1 13%

11 2 18%

7 0 n/a

33

Copyright © 2023 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 December 11, 2023. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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. 58 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online