WHISTLER’s real estate market reported fewer property transactions this April, and a slight decrease in the total dollar volume from sales of all property types. Activity in April resulted in a total dollar volume of $57.9 Million in 55 transactions, the majority of which were condo sales. Although there were not as many chalet and townhome sales as we saw in the strong February and March markets, they still accumulated impressive total dollar volumes: $17.7 Million in 5 chalet sales, and $17.6 Million in 13 townhome sales.
As of April 16th, Whistler's inventory sits at 199 across all property types, up by 11 units from March. If you are in the market for a chalet there are now 52 to choose from, with 16 properties listed below $2.5 million. Luxury chalets are in abundance with 36 listed higher than $2.5 million. Active condominium listings have further increased, up to 56! 27 of those are unrestricted units and the remaining 29 are restricted. With only 9 unrestricted units sitting below $600,000 and an abundance of buyers, the condo market continues to remain hot. As a result of increased tourism and visitation numbers, whistler nightly rentals are growing substantially and is sure to continue with Vail's upcoming $66 million lift investment for the 2018-2019 season. 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 24 active restricted condominium listings listed below $600,000, there certainly are plenty to choose from. Townhouse listings have remained fairly steady, sitting at 36 current listings. There are 6 unit's below $900,000 whilst 28 units are asking for more than $1 million.
Year to date (April 16th, 2018) sales volume exceeded $298.6 million across 238 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!