January 2024 Luxury Market Report & Expectations and Considerations for 2024
As we step into 2024, the luxury real estate market now stands at another fascinating juncture. Known for its resilience and capacity to set trends, will the luxury market once more take the lead and steer us towards a stronger year for sales?
We review whether the catalysts of change currently in play to understand why the luxury market may continue to see increased activity – analyzing the positive influences as well as potential disruptors.
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In this month’s report we review:
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As we step into 2024, the luxury real estate market now stands at another fascinating juncture. Know for its resilience and capacity to set trends, will the luxury market once more take the lead and steer us towards a stronger year for sale?
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After a period of stagnation, the luxury market saw a shift in the last quarter of 2023 that, together with more positive economic indicators, translated into a show of confidence with both inventory and sales increasing.
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We investigate with positive influences as well as the potential disruptors while assessing the expectations and considerations needed by buyers and sellers for the upcoming year.
- AND MORE!
Check out the Whistler and North American Luxury Report below: (Whistler Report on Pages 21-26)
WHISTLER ATTACHED HOMES on Page 25 is a Buyer’s Market with a 13% Sales Ratio.
• Homes sold for a median of 97.96% of list price in January 2024.
• The most active price band is $1,900,000-$1,999,999, where the sales ratio is 100%.
• The median luxury sales price of attached homes is $2,634,500.
• The median days on market for January 2024 was 16 days, down from 29 in January 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
