Looking back at 2024, the real estate market mirrored 2023 with similar sales activity. There were a total of 505* sales in 2024, which is a 2% increase in sales from 2023, but remains 29% below the 5-year sales average. Total sales dollar volume in the Whistler market was $826M, which despite the slight increase in sales from last year, is the lowest dollar volume we have seen since 2019 and 14% below the 10-year average. Prices remained fairly consistent across all product categories when compared to 2023. Regarding inventory, we saw a steady decline of available listings through the back half of the year and current inventory hovers around +/- 250 listings, which is relatively low in relation earlier in the spring when there were +350 listings following the announcement regarding the changes to capital gains tax.
Looking to 2025, we expect to see increased sales volumes that trends closer to historical averages, as mortgage rates are expected to continue to trend downward. We anticipate the favourable currency exchange rates will lead to an increase in tourism in the Sea-to-Sky region and, in turn, an increase in purchasers from the US and other countries this coming year as our region is a very desirable second home market.
Thinking of making a move? I would be happy to sit down and discuss the real estate market and how it pertains to your personal situation. Please reach out at your convenience or pop by my office at Whistler Real Estate Company in the village.
Marika Koenig
604.932.9590