There was another drop in the volume of sales in May compared to April of this year, with May being the 2nd slowest month for sales in 2019. We had a total of 35 sales in May compared to 47 sales in April, 57 sales in March, 31 sales in February and the 39 sales in January (all companies reporting). We are still hovering just below a 40% decrease in the number of sales in the 1st five months of 2019 compared to the 1st five months of 2018.
Of these 35 sales for the month of May 2019:
22 were under $1 million
- 1 shared ownerships
- 6 Phase 1 condos and townhomes
- 11 Phase 2 condos
- 2 Residential condos and townhomes
- 1 employee townhome
- 1 vacant lot
10 were between $1 million and $2 million
- 1 Phase 2 condo
- 4 Phase 1 condos and townhomes
- 3 Single Family homes
- 2 Residential townhomes
3 were between $2 million and $3 million
- 1 single family homes
- 3 Phase 1 condos and townhomes
There were no sales over $3 million in May
There was a less activity in Pemberton in May compared to April. The total number of sales in May was 12: 3 condos, 3 townhomes, 2 vacant lots, and 4 single family homes.
There are now a total of 328 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 76 listings in Pemberton. A slight increase in listings in Whistler but no change in the listing inventory in Pemberton compared to last month.
Metro Vancouver - May saw a modest increase in home sales in Metro Vancouver with sales eclipsing 2,000 for the first time this year but overall the market in Metro Vancouver is still slow and seeing downward pressure on home prices. Ashley Smith, Real Estate Board of Greater Vancouver president said “Whether you’re a buyer looking to make an offer or a seller looking to list your home, getting your pricing right is the key in today’s market”. Her comments also apply to the Whistler market. Bryan Yu, deputy chief economist of Central 1 Credit Union recently reported that recreational sales were seeing a knock-on effect from the slowdown in the Metro Vancouver housing market. He said that “The slowing of the market in Metro Vancouver means that homeowners feel a little less wealthy, especially if they have detached homes, and that in turn will lower demand for secondary homes in other markets. These markets are all interrelated”.
The statistics attached show the total dollar volume of sales and number of sales in each category - chalets (single family homes), condominiums, Phase 1 condos, Phase 2 condos, duplexes, shared ownership, town-homes and vacant lots. It also has the total of all of these categories. This includes all sales reported by all of the real estate companies in Whistler.
Kindest regards - Sally
President’s Club Member (Top 1% in Greater Vancouver)
Top 10 in RE/MAX Western Canada