The Whistler real estate market remains steady. The sales-to-active-listings ratio depicts an overall balanced market, rather than a strong seller’s or buyer’s market. Across all property types, we are seeing increased inventory and properties are generally taking longer to sell.
The above graph shows the Jan-2018 to May-2019 MLS® Home Price Index (HPI) price trend. The MLS® HPI is a more stable price indicator than average prices, because it tracks changes of ‘middle-of-the-range’ or ‘typical’ homes and excludes the extreme high-end and low-end properties.
The HPI stats show that the Whistler market has remained fairly unchanged since December 2018, with an HPI benchmark price of around $900,000. Late Spring & Summer are typically a busy time for real estate, so sales are expected to remain steady over the coming months.
If you’re thinking about buying or selling, I’d be happy to discuss how these changes might affect you. Call me to make an appointment today.
Thanks for reading!
*Market statistics gathered from CREA.CA & the REBGV Stats Centre.