Whistler Market Update: 2019 Third Quarter
As we take a look at the third quarter of 2019, we are happy to report that the real estate market activity in Whistler stayed busy. After a slower than average second quarter, activity levels have returned to that which we have been experiencing for the last six quarters. We have seen that the total number of listings has increased from its historic low of two years ago, and time on the market for sellers has lengthened (depending on the type of property it is). The current market conditions can be described as mostly balanced, with a slightly favourable framework for sellers in specific housing types.
Within the market sectors, the overall single-family market remains steady with an average sales value of $2,968,000. Due to the high demand for properties that generate short term rental income, condominiums have been the top performer so far this year. The average transaction value has risen by 13% to $751,000 since the start of the year. The townhouse market has been slower largely due to a lack of opportunity (rather than a lack of buyer interest) and as such has seen a 10% drop in average sales value to $1,367,967 since the start of the year.
As always, please contact me for more information on any properties you see listed in Whistler or if you would like information on the market in general.