Whistler and Pemberton January Sales Statistics
There was an increase in the volume of sales in January compared to December. We had a total of 39 sales in January versus the 18 sales in December. However, January 2019 saw a 40% decrease in the number of sales compared to January 2018.
The big question is where is the market going? The inventory is increasing – it has doubled since this time last year and the number of sales is dropping. The sales to active ratio has dropped substantially from 43% in January 2018 (a sellers’ market) to 14% in January 2019 (right on the cusp of a balanced market and a buyers’ market). So it appears that we have finally been affected by the Vancouver market which has been reporting significant drops in the volume of sales and a spike in inventory for some time.
Of these 39 sales for the month of January 2019:
22 were under $1 million
• 3 Quarter shares
• 6 Phase 1 condos and townhomes
• 8 Phase 2 condos
• 4 Residential condos and townhomes
• 1 Employee townhome
13 were between $1 million and $2 million
• 5 Phase 1 condos and townhomes
• 6 single family homes
• 1 Half duplex
• 1 Residential townhome
3 were between $2 million and $3 million
• 1 single family home
• 2 Phase 1 townhomes
1 was over $3 million
• 1 single family
In Pemberton, the total number of sales in January was 7: 4 vacant lots, 1 townhome and 2 single family homes.
There are now a total of 309 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 70 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.