Whistler Real Estate Market Update – Year End Report for 2017 – Sales Statistics and Market Trends.

Whistler Real Estate News

Greetings from the very beautiful and abundantly snowy Whistler, Canada!

2017 was a very exiting time to be in the Sea-to-Sky corridor. Here are some of this past years highlights:

Whistler’s housing market was a major topic of discussion in 2017. Here’s why:

The Real Estate market in Whistler is smoking hot. There remains an abundance of qualified buyers and record low listing inventory for all types of properties in Whistler. The result is a one sided ‘sellers market’.

Below are the market trends for Single Family Chalets, Duplex’s, Townhomes, Condos, Vacant Land and Phase 2 properties in Whistler, B.C. –

Single Family Detached Homes (Chalets) :

The graph below illustrates Median Sale Price and Sales Volume of Chalets in Whistler in the last 5 years:

Sales volume has remained very consistent over the last 3 years while median sales price has climbed by 59%!

Active Chalet Listing Inventory – 2 Years :

Chalet Sales Volume: 

We have seen Sales Volume explode from the low point of the market in 2010 of $125 million to $425 million in 2017!

Duplex and Triplex Properties:

The graph below illustrates Median Sale Price and Sales Volume of Duplex’s and Triplex’s  in Whistler in the last 5 years:

Listing Inventory – 2 Years :

There are virtually no Duplex or Triplex properties currently on the market in Whistler, B.C. from a high of 10 in April 2016.

Duplex & Triplex Sales Volume: 

Townhomes in Whistler:

The graph below illustrates Median Sale Price and Sales Volume of Townhomes  in Whistler in the last 5 years:

We have seen the median sale price rise by 17%  in a year and 69% in the last 5 years! Sales volume is down slightly due to the lack of inventory.

Listing Inventory – 2 Years :

Sales Volume:

Townhomes in Whistler remain one of the most sought after purchases in Whistler. If you have one and are considering selling, there has never been a better time. Dollar amount Sales volume is up 289% in the last 10 years!

Condominiums in Whistler:

The graph below illustrates Median Sale Price and Sales Volume of Condo’s  in Whistler in the last 5 years:

We have seen the median sale price in Whistler rise by 24% in 2017 vs 2016 and 92% in the last 5 years! Sales volume is down slightly due to the lack of inventory.

Condo Active Listing Inventory – 2 Years:

Listing inventory has plummeted in the last 2 years by 189%! There remains a very strong demand for condominiums in Whistler.

Condo Sales Volume:

We have seen Sales Volume explode from the low point of the market in 2010 of $45 million to $175 million in 2017! This represents a 289% increase!

Vacant Land:

The graph below illustrates Median Sale Price and Sales Volume of Vacant Land  in Whistler in the last 5 years:

Sales volume has climbed considerably from 2014-2016. We saw a small decrease in sales volume, directly attributed to low listing inventory.

Vacant Land Active Listing Inventory: 

Vacant Land Sales Volume:

Phase 2 Properties in Whistler:

The graph below illustrates Median Sale Price and Sales Volume of Vacant Land  in Whistler in the last 5 years:

The increase in median sale price of Phase 2 properties is directly related to raising rental and occupancy rates. As rental and occupancy rates rise, so does the owners Return on Investment (ROI). This translates to a higher sales price for Phase 2 properties.

Phase 2 Active Listing Inventory: 

Phase 2 Sales Volume:

Shared Ownership Properties in Whistler:

The graph below illustrates Median Sale Price and Sales Volume of Shared Ownership Proeprties in Whistler in the last 5 years:

Shared Ownership Listing Inventory:

 

 Shared Ownership Sales Volume:

 

If you are considering selling your home in Whistler; there has never been a better time! If you are wondering how much your property is worth in today’s market, please contact me or complete this form for a no obligation Comparable Market Analysis for your property.

I would like to thank my clients, family and friends for helping me achieve Medallion Club® status for The Real Estate Board of Greater Vancouver for the 5th year in a row!

All the best to you and yours in 2018!

Sincerely,

Matthew Callaghan

Sutton West Coast Realty – Whistler, Canada

C: 604-966-8678

E: mcallaghan@sutton.com

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Posts by Matt Callaghan
Matt Callaghan
As a born and raised West Coast local with a passion for the outdoors, Whistler was an easy choice when deciding where to build my real estate career. With a versatile back ground in marketing & sales combined with first class customer service and a genuine satisfaction in a job well done, led me to be named a Sutton Presidents Club Member after just my second year as a licensed REALTOR®. When it comes to buying or selling property in Whistler and the surrounding Sea to Sky corridor, let me show you what I can do for you. Exceeding expectations, one happy client at a time! Follow him on Facebook and Google+.