Whistler Market Recap

2023 was an overall slower year in the Whistler real estate market, allowing inventory to tick up slightly while prices held. The main drivers of the lower sales volume were the impacts of inflation on households and the overall borrowing power of buyers as a result of the sustained high interest rates throughout the year. In Whistler, there were a total of 490* sales in 2023, which is a 13% drop from 2022 and the lowest annual sales volume our market has seen in the last 10 years. Total sales dollar volume in the Whistler market was $867M, about $60 million shy of the 10-year average. Prices, however, remained strong, with the median sale price of a Whistler property surpassing both the 2020 and 2021 medians from the heat of the pandemic market.

Looking to 2024, we expect to see increased sales volumes in the Whistler market. The Canadian Real Estate Association is also predicting a 9% increase in home sales and a 1.5% increase in home prices this year. If you are thinking of buying and the right property comes on the market, you may consider acting now rather than waiting later, and enjoy the ability to negotiate a deal without the stress of competitive bidding.

Feel free to call or drop by my office in the village if you have any questions or you would like to discuss the market and how it pertains to your situation.