MOREL REAL ESTATE TEAM NEWSLETTER | JULY 2024
The real estate market in Whistler has slowed down due to uncertainty around inflation and interest rates. Here’s a simpler breakdown:
- General Market: There are more properties for sale compared to last year, but fewer are being sold.
- Chalets: Prices are slightly up by 3%. There are many chalets available, making it a buyer’s market.
- Condos: Prices have dropped by about 5%, and the market is balanced between buyers and sellers.
- Duplexes: Prices have fallen significantly by over 21%, making it a strong buyer’s market with plenty of options.
- Shared Ownership Properties: Prices are down by about 2%, but this is the only seller’s market with fewer properties available.
- Townhouses: Prices have increased slightly by over 2%, and there are many options, favoring buyers.
- Vacant Land: Prices are up by almost 10%, and there is a lot of land available, making it a buyer’s market.
Overall, there are many properties available, which is good for buyers, but prices vary depending on the type of property.
The next BOC announcement is anticipated for July 24 and we look forward to providing an update to you then.
Sea to Sky Real Estate Market Update:
Through June 2024
WHISTLER’s real estate market had a total dollar volume of approximately $67 Million in June. There were a total of 30 transactions. Of those sales, 5 were chalets, 8 were townhouses and 8 were condominiums sales.
For a complete breakdown of Whistler Sales by Dollar Volume, Transactions and Property Types, for the past few years, please view our June 2024 stats package here
The SQUAMISH real estate market had a total of $50 Million in sales in June. There were a total of 43 property transactions. Of those sales, 16 were single family homes, 13 were townhomes and 9 were condominiums.
Want more Squamish Stats?
view our June 2024 stats package here
The PEMBERTON market had approximately $6 Million in total dollar volume in June. There were a total of 5 transactions. Of those sales 1 was a chalet, 2 were townhouses, and 1 was vacant land.
Want more Pemberton Stats?
view our June 2024 stats package here
Featured Whistler Property
#303 4660 Blackcomb Way | Lost Lake Lodge
2 Bedroom | 2 Bathroom | 834 SF
$1,688,000 CAD | $1,233,000 USD
Beautifully updated 2-bedroom, 2-bathroom at Lost Lake Lodge with views of the Fairmont golf course and the soothing sounds of the neighbouring creek can be heard from the living room. Step into a bright, open living space adorned with pot lights and free from popcorn ceilings, Italian ceramic tile flooring throughout the main areas, engineered flooring in the bedrooms and heated tile in each bathroom. The kitchen boasts stainless steel appliances and a high-end Miele dishwasher added in 2022. Sleek new kitchen cabinets and stunning granite countertops enhance both the kitchen and bathrooms. Located in the sought after Blackcomb Benchlands, this complex offers easy access to Lost Lake Park, ski-out trail from Blackcomb Mountain, and free yearly bus service throughout the Benchlands.