Whistler and Pemberton December Sales Statistics

 

 Whistler

 
There was a significant drop in sales in December - both compared to the previous month and compared to Decembers in previous years.  
 
We typically experience less sales activity as we head through December and through the Christmas Holidays - this last December was no exception.   
 
There were a total of 18sales in DecemberOf these 18sales for the month:
10 were under $1 million
  • 1 Quartershare
  • 2 Phase 1 condos and townhomes
  • 7 Phase 2 condos
   5 were between $1 million and $2 million
  • 3 Phase 1 condos and townhomes
  • 1 single family home
  • 1 Residential townhome

1 Sale was between $2 million and $3 million

  • 1 Phase 1 townhome

2 were over $3 million

  • 2 Single family homes

Pemberton

In Pemberton, the total number of sales in December was 8: 3 vacant lots, 4 townhomes (including 2 presages at Elevate at Sunstone), 1 single family on Gates Lake. 

There are now a total of269 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 65listings in Pemberton.  An increase of 5% in listings in Whistler and a drop of 15% in listings in Pemberton.   
 
The statisticsattachedshow 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.
 

2018 - Year in Review

With regards to the year-end, we had a total of 663 sales in 2018 versus 890 sales in 2017.   The beginning of 2018 started out really strong, with record high prices, bidding wars, high demand and little inventory.  It seemed nothing could stop the compelling story of ever rising prices in Whistler’s real estate market.     In hindsight, this peaked around March and then we started to see inventory increase slightly and some resistance to the ever increasing prices. What a difference 9 months can make.    Since then our market has slowed down - very noticeable by the lack of sales in December specifically.    The sales to actives ratio has dropped from 35% in March to 7% in December which puts us officially into a ‘buyers’ market’.    Hopefully this is only temporary and we will see the volume of sales increase in January and February.
 
Kindest regards, 
 
Sally

Whistler and Pemberton November Sales Statistics

 

Whistler and Pemberton Real Estate Market


 Whistler November Monthly Stats

Pemberton November Monthly Stats

Whistler 

There were 4% more sales in November, compared to October.  There were also slightly more sales in November 2018 than reported in November 2017,  but less than reported in November 2016 and November 2015.  

We typically experience less sales activity as we head through December and closer to Christmas and this year is no exception.   However, everyone is very excited to see all of the fresh snow - 50cm on the mountains in the last 12 hours!   This will bode well for the real estate market in the New Year - anyone who was concerned that possible global warmer was affecting our snow conditions in the resort, is now revelling in the powder!

There were a total of 55 sales in November.  Of these 55 sales for the month:

Pemberton

In Pemberton, the total number of sales in November was 8: 4 vacant lots, 2 townhomes, 1 single family and 1 condo. 

There are now a total of 256 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 77 listings in Pemberton.  An increase in listings in both communities compared to last month.   

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.

 

I wanted to take this opportunity to wish you a very Happy Holiday Season!  

I am optimistic that 2019 is going to be a great year. Happy New Year to you and everyone in your family.  

Kindest regards - Sally

Whistler & Pemberton September Sales Statistics

Whistler September Sale Statistics

Pemberton September Sales Statistics

Whistler
The number of sales in September was up marginally from August – however, September did not see the usual spike in the number of sales normally experienced at this time of year.  We have typically seen (on average) 80 sales in the month of September.  In September of this year, we had 49 sales.
 
The good news is that inventory is still low and that there has been no increase in inventory over the last month.  There are currently 243 listings in Whistler (a slight drop from a month ago) and 78 listings in Pemberton (also a slight drop compared to a month ago) .  
 
As we move through the fall, we expect the sales activity to keep the number of properties offered for sale low.  As always, outside factors such as government policy, interest rates, economic cycles and exchange rates can have a significant impact on the decision making process for both buyers and sellers in Whistler.  As Whistler is a small and nuanced market, it can react to these factors differently than may be expected or experienced in a typical urban market. 
 
However, it is difficult to ignore all of the media talking about the record drop in sales in the Lower Mainland as so many of our buyers are from the Lower Mainland.  Gregory Klump, who is the Canadian Real Estate Association’s Chief Economist, says “it’s the balance between sales activity and the number of homes for sale that sets the tone for pricing environment.  In markets with an abundant supply of homes and slower sales activity, buyers have the upper hand when it comes to negotiations over price.  However, in places where buyers are keen to make a purchase but there’s a shortage of homes for sale, sellers are in the driver’s seat when it comes to price.”  In Vancouver, there is currently a high number of homes for sale so it has become more of a buyer’s market.  Whistler is unique in that we are still experiencing a shortage of properties for sale but we are also experiencing a lower than average number of buyers – so it is not clear who is in the driver’s seat right now!
 
There was a total of 49 sales in September.  Of these 49 sales for the month:
 
24 were under $1 million:

  • 5 shared ownership
  • 7 Phase 2 condos
  • 5 Phase 1 condos
  • 4 Phase 1 townhomes
  • 1 Residential condos and townhomes
  • 1 Single family home (Pinecrest)
  • 1 Timeshare

15 were between $1 million and $2 million:                    

  • 6 Phase 1 townhomes
  • 3 Residential townhomes
  • 6 single family homes

 5 sales were between $2 million and $3 million:                   

  • 3 single family homes
  • 1 townhome
  • 1 vacant lot

5 sales were over $3 Million

  • 3 single family homes
  • 2 townhomes

 
Pemberton
In Pemberton, the total number of sales in September was 13: 4 vacant lots; 1 single family home and 8 townhomes
 
The statistics above 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 these categories.  This includes all sales reported by all the real estate companies in Whistler.

August 2018 Sales Statistics

Whistler Monthly Sales Statistics
Pemb
erton Monthly Sales Statistics

Whistler
The number of sales in August dropped very marginally down from July -  and now August is officially the slowest month for sales in 2018 to-date.   Also there were not as many sales this August as there were in August 2017, August 2016, August 2015 or August 2014.

The good news is that inventory is still low and that there has not been much of an increase in inventory over the last month.   There are currently 248 listings in Whistler (10 more than a month ago) and 84 listings in Pemberton (only 3 more listings compared to a month ago) .  
As we move into the fall, we expect buyer interest to remain high, and sales activity to keep the number of properties offered for sale low.   As always, outside factors such as government policy, interest rates, economic cycles and exchange rates can have a significant impact on the decision making process for both buyers and sellers in Whistler.   As Whistler is a small and nuanced market, it can react to these factors differently than may be expected or experienced in a typical urban market.There was a total of 48 sales in August.  Of these 48 sales for the month:

26 were under $1 million:

  • 5 shared ownership
  • 10 Phase 2 condos
  • 4 Phase 1 condos
  • 3 Phase 1 townhomes
  • 2 Residential condos and townhomes
  • 2 Employee restricted townhomes


15 were between $1 million and $2 million:                    

  • 6 Phase 1 condos
  • 4 townhomes
  • 5 single family homes

3 sales were between $2 million and $3 million:                   

  • 1 single family home
  • 2 townhomes

4 sales were over $3 Million

  • 4 single family homes

Pemberton
In Pemberton, the total number of sales in August was 5: 4 single family homes and 1 townhome.

The statistics above 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 these categories.  This includes all sales reported by all the real estate companies in Whistler.

March 2018 Market Re-Cap

Whistler Monthly Sales Statistics
Pemberton Monthly Sales Statistics

Whistler
The number of sales in March was relatively strong but there were not as many sales this March as there were in March 2017 and March 2016. However, we did see a slight increase in the dollar volume of the sales compared to previous years; and year-to-date, March has been the busiest month of the year so far for the number of sales.
 
We are now starting to see a slight increase in the number of listings:  by the end of January there was 153 listings in Whistler and 42 listings in Pemberton; now there 205 listings in Whistler and 57 listings in Pemberton – another slight increase over last month.    As this has now started to turn around with an increase in listings, we may see an increase in the volume of sales in the next couple of months.  Buyers are finally able to see a little more inventory.  However traditionally, May and June can be slower months for sales as we have less potential buyers in the resort.
 
There were a total of 78 sales in March.  Of these 78 sales for the month:
 
36 were under $1 million:

  • 1 Timeshare
  • 7 shared ownership
  • 13 Phase 2 condos
  • 12 Phase 1 condos and town-homes
  • 3 Residential condos and town-homes


30 were between $1 million and $2 million:                            

  • 5 condos
  • 19 town-homes
  • 6 single family homes


9 sales were between $2 million and $3 million:                   

  • 5 town-homes
  • 4 single family homes       


3 sales over $3 million:                                                               

  • 2 townhomes
  • 1 single family home 


Pemberton
In Pemberton, the total number of sales in March was 16:

  • 2 single family homes,
  • 4 town-homes,
  • 3 condominiums
  • 1 mobile home 
  • 6 vacant land

 
The statistics linked above 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