With some much needed new snow, blue sky and sunshine, its going to be a busy day on the slopes!
What a difference a year makes! Total sales plummeted in January, with only 15 sales for the month, a decrease of 54% from December. This represents a 75% decline from a year ago, with average Days on Market (DOM) up 60%, median sales price down 38% and active listings up 54%. We’ve definitely seen a major change in the market from a strong Sellers market in early 2022 to a Buyer’s market.
Sales were comprised of 3 chalets, 1 residential townhouse, 6 Phase 1 properties, 4 Phase 2 hotel units and 1 shared ownership.
We’re seeing some more foreign buyers, with 30% of January sales coming from out of country. Whistler is exempt from the recently implemented Foreign Buyer Ban.
With more listings coming on market, and prices trending downwards, this is a great buying opportunity!
Disclosure: Data from the Whistler Listing System (WLS) is believed reliable but should not be relied upon without verification. While the Information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the Information. The Information may change without notice and Engel & Volkers Whistler is not in any way liable for the accuracy of any information printed and stored or in any way interpreted or relied upon by a user. The WLS and Engel & Volkers Whistler assume no responsibility for its accuracy.