Whistler Market Update: 2022 was a bit of a roller coaster for the Whistler market.
The first two months of 2022 resembled the fast pace of 2021, but sales slowed significantly throughout the remainder of the year. This came as a function of economic uncertainty, with both a poor performing stock market and rapid interest rate increases, and also an overall misalignment of buyer and seller expectations. Despite lower or falling property prices in certain regions of the country, prices in Whistler remained strong.
The median sales price of a Whistler property in 2022 was $1,200,000, up from 1,050,000 in 2021 and a significant increase from $823,600 in 2019. In regards to inventory, Whistler started the year off at historic lows, and inventory has increased slightly throughout the year, but still sits about 40% below the 10-year average with under 200 active listings.
Looking to 2023, we expect sales to pick up and prices to remain steady as Whistler market is bolstered by limited supply and high demand.
Whistler and Pemberton are both exempt from the Foreign Buyer Ban, which is expected to drive some foreign investment in the area for those non-residents looking to purchase in Canada.
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The median sales price of a Whistler property in 2022 was $1,200,000, up from 1,050,000 in 2021 and a significant increase from $823,600 in 2019. In regards to inventory, Whistler started the year off at historic lows, and inventory has increased slightly throughout the year, but still sits about 40% below the 10-year average with under 200 active listings.
Looking to 2023, we expect sales to pick up and prices to remain steady as Whistler market is bolstered by limited supply and high demand.
Whistler and Pemberton are both exempt from the Foreign Buyer Ban, which is expected to drive some foreign investment in the area for those non-residents looking to purchase in Canada.