Happy Summer Days ahead!

Here is your market report for the last few months:

Whistler

https://www.dropbox.com/scl/fo/h4srii02mnh69l74udyve/h?rlkey=padihch0sgf1mnekbnbuo77nr&st=idm4mr54&dl=0

In summary, we have a market characterized by longer days on market, more inventory and stable pricing.  As inventory grows we start to feel it's a Buyer's Market however pricing remains stable.

Squamish

https://www.dropbox.com/scl/fo/llmwrfyk4haerd9zmt1qy/AI5XkVXSISZxdA_pS97j_00?rlkey=cp7kaxfn3r3r78htt1ml13ifm&st=ae4faa3o&dl=0

In summary, we have a market which varies by subset.  The townhome market seems most bouyant and active.  The single family detached market is stable and quiet balanced.  The condo market is characterized by increased supply but stable pricing.  Stable pricing in the Squamish market often correlates with developer's sticking to their asking price and not negotiating.

*Directly contact kerry@sea2skyhomes.com for Pemberton please.

Thanks so much for checking in!

The market is just starting to pick up here in Whistler, Squamish, and Pemberton after a quiet couple months characterized by low sales volume.  The lower priced properties continue to be the hottest commodity for buyers. 

The Bank of Canada has chosen to hold rates yet again which is beginning to inspire confidence in buyers and even pull some off the bench!  Many are still holding their breath for a rate reduction but I have been advising buyers to act now instead of waiting for a rate drop.  I think there will be a significant increase in demand later on in 2024/early 2025 if this occurs.  One of my favourite sayings is "don't wait to buy real estate, buy real estate and wait."

The Government has also come up with some great new incentives for first time home buyers, rental building investors and new home construction.   Here's a link to a great article from one of BC's Leading Real Estate Lawyers:

https://bcrealestatelawyers.com/bc-budget-home-flipping-tax-and-a-land-act-reversal/

Whistler & Squamish Stats can be found here:

https://www.dropbox.com/scl/fo/7ew9nohicbbiytlx1grf3/h?rlkey=vghmsx2k7dyzf2g0gnxycrqbd&dl=0

Have a great March!  I'll look forward to our next update in the spring!

Best Regards,

Kerry Batt

Click here for your Whistler Market Report:

https://www.dropbox.com/scl/fi/jrb0u7dm4j1zyq4t1ajn8/2023-Dec-Whistler-Stats.pdf?rlkey=vb9ja80uvswt07e5nrfs7hoio&dl=0

Click here for your Squamish Market Report:

https://www.dropbox.com/scl/fi/mgnhr260yn59h8sqzq89v/2023-Dec-Squamish-Stats.pdf?rlkey=her7fggn318sntst2tqssnfe9&dl=0

*Contact me directly for your Pemberton Market Report at kerry@sea2skyhomes.com

CLICK HERE FOR WHISTLER & SQUAMISH STATS

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

Dear Valued Client,

Thanks for your interest in our monthly statistics report!  Each month we will share new stats, hot off the press!  Please click the links below to follow the link to monthly trends.

Squamish & Whistler Stats Here!

These reports are care of the Real Estate Board of Greater Vancouver.   REBGV unfortunately won't submit Pemberton due to the fact that there are too few property sales to chart meaningfully.   If you wish for a breakdown of statistics for Pemberton, Whistler, or Squamish please don't hesitate to reach out to Maddi and I.   We can provide you with statistics for any parameters that you wish and would be very happy to help with your request!

You will notice these reports reference "HPI Pricing" instead of using Averages or Medians.  In a market like Whistler where there are vast price differences between starter homes and luxury properties this is a handy tool.  Here's more info about HPI and why we use it...

HPI Price Info:

https://www.crea.ca/housing-market-stats/mls-home-price-index/

Why Economists believe HPI is the best measure for housing statistics:

https://www.rebgv.ca/content/rebgv/en/Marketing-Information-and-Statistics/residential-statistics/residential/Housing-Price-Index/measuring-the-market-.html

Wishing you all the best until next month!

Kerry & Maddi

kerry@sea2skyhomes.com

Disclaimer: Current as of September 05, 2023. All data from the Real Estate Board of Greater Vancouver. Report © 2023 ShowingTime. Percent changes are calculated using rounded figures. Data from MLS 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 Angell Hasman & Associates  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 MLS and Angell Hasman & Associates Whistler assume no responsibility for its accuracy. E&OE.