I am back in the office after a wonderful trip with my family to Maui for Spring Break and ready to get back to business. That said, it is exciting times as we are in the process of moving into our new home and looking forward to getting settled and back to living in Whistler.
Here’s the 1st Quarter Review:
The Whistler real estate market continued at a pretty steady pace for the first quarter of 2018. Buyer interest has remained strong, resulting in increases in the average & median sale prices when compared to the same time for 2017. The number of transactions has decreased slightly(down 10%) when compared to the first quarter of 2017.
Median Sale Price (1st Quarter):
2018 – $899,000 (+34% compared to 2017)
2017 – $670,000
*not including timeshare or parking stalls
Median Sale Price by Property Type (1st Quarter):
2018 – $2,649,000 (+15% compared to 2017)
2017 – $2,300,000
2018 – $1,400,000 (+72% compared to 2017)
2017 – $815,500
2018 – $575,000 (+36% compared to 2017)
2017 – $421,000
2018 – $1,085,000 (+80% compared to 20170
2017 – $600,000
We currently have 201 Active listings in Whistler (not including timeshare weeks or parking stalls), with a median list price of $1,199,000
April 2018: 201 active listings (-25% compared to 2016)
April 2017: 200 active listings (-26% compared to 2016)
April 2016: 270 active listings
As the inventory of listings remains relatively low we can expect that well-price properties will continue to generate a fair amount of interest and won’t last long on the market. The condominium and townhouse markets have seen the largest demand for this first quarter of 2018 accounting for 70% of the number of sales in this quarter in 2018.
Have a great week!
*Statistics sourced from the Whistler Listings system