Whistler Real Estate Market Report

Let’s speak about what transpired in the Whistler Genuine Estate market place in the second quarter of 2022.

In terms of product sales volume, the Whistler sector continues to be “normal”. Product sales slowed a little bit throughout the quarter, but the amount of profits yr-to-date remains in line with the 10-12 months ordinary for Whistler. Inventory continued to rebound in the course of the quarter, climbing about 40% from Q1 2022, but even now 10% shy of exactly where we had been sitting a calendar year back. Even as sales have slowed and inventory has increased, median costs for one spouse and children and condo selling prices have amplified 12 months-above-12 months.

Be aware: Presented the small dimension of the Whistler current market, a few of transactions have the possible to skew the common and median selling prices for each and every market phase. For far more information on attributes in your section of curiosity, you should get hold of your Whistler Real Estate agent.

 

Watch Market Report

Looking Forward

Despite the fact that the tempo of household product sales in Whistler have slowed and the marketplace has seen a selection of rate reductions in the very last month or so, price tag gains have still been made 12 months-over-calendar year and properly-priced attributes are nonetheless going immediately. We anticipate sales to continue being in line with historic averages for the remainder of the year and pricing to stage out.

Fascination prices are still envisioned to rise as the yr progresses, with the hottest raise produced on July 13th, and further aspects on the proposed Foreign Purchaser Ban are nonetheless to be announced. Expectations are that neither the interest charge raises or proposed international consumer ban will have an impact on the Whistler market place due to the fact of the tiny typical mortgage sizing in Whistler and the proposed ban is to exclude leisure homes. Inventory market functionality might, nevertheless, have an affect. If the bear marketplace proceeds for the remainder of 2022, sales could gradual even further, and price tag sensitivity is possible to improve.

Even with financial situations, Whistler stays an unbelievably appealing area to live or individual home and demand remains larger than provide. We propose staying in contact with your area Whistler True Estate agent for the most current marketplace updates.

Photo in Guide Picture: 8460 Matterhorn Drive | Dave Burch – Personal Authentic Estate Company

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