Home buyer demand maintains the status quo in Whistler.

In July we had a total of 39 sales in Whistler.   How this compares: In Whistler in January we had only 19 sales but in February this number more than doubled with a total of 44 sales; in March we had a total of 51 sales and in April we had a total of 56 sales.  In May we had a total of 64 sales, proving to be the busiest month for sales in 2023 - in June we had a total of 38 sales and in July we had

39 sales.

Sales by the dollar range:

Of the 39 sales in Whistler:

Under $1 million there were 15 sales:

5 Phase 2 condos

4 Quartershares/shared ownership

4 Phase 1 condos

1 Residential townhome

1 Timeshare

$1 million to $2 million – 11 sales

5 Residential townhomes and condos

4 Phase 1 condos and townhomes

1 Duplex

1 Employee townhome

$2 million to $3 million – 7 sales

3 Phase 1 townhomes

2 Residential townhomes

2 Single Family

$3 million to $5 million – 2 sales

1 Single family home

1 Phase 1 townhome

$5 million + - 4 sales

2 Single Family

1 Phase 1 townhome

1 Vacant lot

There are currently 232 listings in Whistler (all product types) – a slight increase compared to last month.

Of the 2 sales in Pemberton in July: 1 single family plus 1 small acreage in Birken.

There are currently 80 listings in Pemberton – a slightly larger increase in the number of listings compared to last month.

We are continuing to see a typical trend of slower activity in the summer months but still expect the fall market to be strong and typically September, October and November are the busiest months for sales.

Meanwhile in Vancouver: 

Strong sales push Metro Vancouver home prices past the rate hike in July

Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region. 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,455 in July 2023, a 28.9 per cent increase from the 1,904 sales recorded in July 2022. This was 15.6 per cent below the 10-year seasonal average (2,909). 

“While sales remain about 15 per cent below the ten-year average, they are also up about 30 per cent year-over-year, which is not insignificant,” Andrew Lis, REBGV’s director of economics and data analytics said. “Looking under the hood of these figures, it’s easy to see why sales are posting such a large year-over-year percentage increase. Last July marked the point when the Bank of Canada announced their ‘super-sized’ increase to the policy rate of one full per cent, catching buyers and sellers off guard, and putting a chill on market activity at that time.” 

Around the province:

The Real Estate Board of Greater Vancouver (REBGV) is donating $10,000 to the Red Cross British Columbia Fires Appeal to help support those affected by the wildfires in the Okanagan. 

The McDougall Creek fire has forced 30,000 British Columbians from their homes and destroyed nearly 200 structures since it started on August 15.

This fire is just one of many wildfires raging across BC, threatening communities and forcing British Columbians from their homes.

“Our friends, family, and fellow British Columbians are seeing their homes destroyed and lives upended by these devastating fires,” said Jeff King, REBGV CEO. “This donation is just one small way we can help them

Whistler July 2023 Real Estate Statistics: CLICK HERE
Pemberton July 2023 Real Estate Statistics: CLICK HERE