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Welcome to your September & October Market Update!
Whistler, in typical October fashion, has experienced a slight ramp up in sales volume. Residents and mountain-goers alike are watching the snowline inch down towards the valley with excitment.
Townhomes in Whistler are sitting on the market for much longer (Days on Market up a shocking 284% compared to the same month last year) and while condo sales have been much higher these last couple months. This is indicative of my past comments about "lower priced inventory" being the more common transaction in the current market environment. The detached market is relatively flat price-wise and transaction volume-wise both year-over-year and comparing to September.
Squamish all market subsets are edging on a Balanced Market. Sales volume is down for 2023 and inventory remains low-average. Townhome activity in October was higher than normal with 12 sales and days on the market for townhomes was down significantly.
*For Pemberton insights please email me directly.
I've observed several buyers coming to the realization that Whistler prices are holding and have shuffled their interest to Squamish or Pemberton markets. Perhaps, therein lies some of the reasoning behind our quiet townhome market and their active one.
Overall, in both markets, inventory remains quite low and prices are stable.
Until my next update in January, wishing you the best!
Kerry
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