May 2024 Luxury Market Report & The Evolving Path of Luxury Real Estate

The luxury real estate market has experienced significant growth and transformation in recent years, shaped by new trends, increased demand, and technological advancements.

We review why, despite external uncertainties, there has been consistent demand for luxury properties, evidenced by rising sales figures and steady prices…and why many experts predict continued growth in 2024 and beyond.

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In this month’s report we review:

  • Why despite external uncertainties, there has been consistent demand for luxury properties, evidenced by rising sales figures and steady prices.
  • Why the affluent consumers’ evolving preferences are reshaping the luxury real estate landscape, with a focus on personalized experiences and sustainability.
  • Examine trends in luxury real estate including curated lifestyles, cultural fusion architecture and a blend of luxury and sustainability.
  • AND MORE!

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

LUXURY REAL ESTATE REPORT HERE

WHISTLER DETACHED HOMES on Page 19 is a Buyers Market with a 0% Sales Ratio.

  • The number of luxury single-family homes sold in April 2024 is 0.

WHISTLER ATTACHED HOMES on Page 21 is a Balanced Market with a 10% Sales Ratio.

  • Homes sold for a median of 98.47% of list price in April 2024.
  • The most active price band is $1,900,000-$1,999,999 where the sales ratio is 75%.
  • The median luxury sales price for attached homes is $1,990,000.
  • The median days on market for April 2024 was 31 days, down from 106 in April 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