January 2024 Luxury Market Report

A YEAR IN REVIEW 2023

The best way to sum up the luxury real estate market in 2023 might be that it remained “unapologetically resilient”.

We review predictions versus reality, why inventory is a major controller, pricing trends and changes in demand to understand why luxury properties retained their strong appeal.

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In this month’s report we review:

  • Why buying luxury homes retained its appeal despite the complexities that affected both buyers and sellers during 2023, and why this was an important factor in the market shift during the last quarter of the year.

  • Why inventory still played such a key role in the luxury real estate market, and the dichotomy caused between growing inventory and declining new listings levels during 2023.

  • Uncover the biggest changes in consumer demand and why buyers, although frustrated by the lack of inventory, are not willing to compromise on their next luxury home purchase.

Check out the Whistler and North American Luxury Report below: (Whistler Report on Pages 21-26)

No Homes Sold in December 2023.

Referrals are one of the Pillars of our Business.

We are never too busy for your referrals! If you can think of a friend or family member looking to buy and/or sell Real Estate in the Sea to Sky Corridor – Please keep the Morel Real Estate Team top of mind!

Thank you for taking the time to view this report.  For more information and the services we offer, please give us a call us at any time, at 604-932-8629.
                                                                                                – Ursula Morel