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Home Buyer Demand Quieter in June in Whistler

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.

 

Sales by the month:

Of the 38 sales in Whistler:

Under $1 million there were 14 sales:

4 Phase 2 condos
8 Quartershares/shared ownership
1 Phase 1 condos 
1 Residential townhomes

$1 million to $2 million – 12 sales

7 Phase 1 condos and townhomes
2 Residential townhome
3 Single Family Homes

$2 million to $3 million – 6 sales

3 Single family homes
2 Residential townhomes
1 Vacant Lot

$3 million to $5 million – 3 sales

3 Single family homes

$5 million +  – 3 sales

2 Single Family
1 Phase 1 townhome
 

There are currently 228 listings in Whistler (all product types) – a slight increase compared to last month.

Of the 13 sales in Pemberton: 6 single family, 3 condos, 2 townhomes, 1 mobile home and 1 rural lot.

There are currently 73 listings in Pemberton – also a slight increase compared to last month.

 

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

 

After a respite in interest rate increases, they are back and that appears to have cooled the market for the short-term.  This, in combination with a typical trend of slower activity in the summer months, has meant a slower market.  We still expect the fall market to be strong and typically September, October and November are the busiest months for sales.
 
Meanwhile in Vancouver: 
 
Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.
 
"The market continues to outperform expectations across all segments, but the apartment segment showed the most relative strength in June. The benchmark price of apartment homes is almost cresting the peak reached in 2022, while sales of apartments are now above the region’s ten-year seasonal average. This uniquely positions the apartment segment relative to the attached and detached segments where sales remained below the ten-year seasonal averages."
Andrew Lis, REBGV director of economics and data analytics