WHISTLER'S property sales exceeded a total dollar volume of $75.4 million last month, which ranks as the
strongest December recorded in the past 5 years. However, there were only 46 transactions, which similar to each of the last five years, excluding 2015 when prices were significantly lower. Chalet sales accounted for just over $49.7 million of the total sales in 14 transactions. Townhome sales increased significantly compared to November, with a strong dollar volume of just over $17.7 million. This is mostly thanks to an increase in transactions, up to 14 compared to November's lowly 8 transactions. Low inventory levels saw condo dip to just 14 transactions with a total dollar volume just over $6.4 million. This is the second lowest December in the last 5 years in terms of both transactions and sales volume, ahead of only December 2013.
As of January 17th, Whistler's inventory sits at 152 across all property types. If you are in the market for a chalet there are 47 to choose from, with 12 properties listed below $2.5 million. Luxury chalets are in abundance with 35 listed higher than $2.5 million. Active condominium listings have further decreased, down to just 33. 11 of those are unrestricted units and the remaining 22 are restricted. With only 3 unrestricted units sitting below $600,000 the condo market continues to benefit sellers. As a result of increased tourism and visitation numbers, whistler nightly rentals are growing substantially. If you are looking for an investment property, or are looking to have limited use to your property and rent it out the remainder of the time, a restricted unit may be just what you are after! With 19 active restricted condominium listings listed below $600,000, there certainly are plenty to choose from. Townhouse listings have remained fairly steady, with 32 current listings. Among the 16 unrestricted units, there is only 1 unit below $900,000 whilst 14 units are asking for more than $1 million.
Year to date (December 31st, 2017) sales volume exceeded $1 billion across 872 transactions.
For a complete breakdown of Whistler Sales by Dollar Volume, Number of Transactions and Property Types, as well as annual quarterly trends for the past few years, please check out the graphs below!