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
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.