The last big event of the summer, the Grand Fondo, is now behind us. It was a glorious day with riders from all over the world participating and then enjoying the Village apres-ride activities. Things are much quieter now, but there’s still lots to do in and around town, albeit with more limited access. You can still access the mountain by gondola or hike up the beautiful Ascent Trail. Check the mountains’ hours of operation here https://bit.ly/3sT4Kid.
WHISTLER MARKET REPORT AUGUST 2023
The year started off slowly with only 20 sales in January but increased steadily to a high of 64 sales in May but then a steady decline through the summer to only 30 sales in August. At the same time, the number of active listings increased from 219 to 223 however the average Days on Market (DOM) decreased 23% from 68 to 52 days and the average sale price rose slightly.
Phase 1 properties led the way at 13 sales. The remaining sales were comprised of 5 Residential townhomes, 4 Chalets, 4 Shared Ownership, 3 Phase 2 hotel units, and 1 Duplex.
Year over year we’ve seen an increase in listings along with a decline in number of units sold, total sales volume and average sale price. Days on Market has increased as well, with Shared Ownership being the longest to sell at 90 DOM.
The exception is Vacant Land – of which we have a shortage. While there were only 11 sales to date in 2023, they sold within 47 days on average, with a median sale price over $2 Million – up 16% year over year.
LOOKING AHEAD
With interest rates holding steady (for now!), and lots of properties to choose from, this is a good opportunity to look at purchasing if you are in the market for a Whistler getaway!
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.