It has been another busy first 5 months of the year in both Whistler and Pemberton. The real estate markets in both communities continued to follow the same trend of earlier months throughout May which recorded 91 total completed transactions compared to 93 in April 2017, and 89 in May 2016.
May was busier than historical norms in 2017 and average transaction values continue to rise. The average sales price in Whistler is currently sitting at $1,074,628 compared to $903,253 at the same time last year. In Whistler properties are, on average, selling for 97.85% of the list price and listing inventory remains low with only 2 month’s worth of inventory, making it an excellent Seller’s Market.
While the Whistler real estate market was busier than usual, Pemberton saw a slightly slower month than usual. Nevertheless, average transaction values are still on the rise in the community with the current average sale price sitting at $428,581. This can be partially attributed to the types of property that are currently being offered for sale (with many of them in the higher price ranges) as well as to the fact that we continue to see an active Seller’s Market with only 5 months of inventory available. In Pemberton, the average sales price as a percentage of list price is currently 84%.
*All stats deemed to be accurate and taken from the Whistler Listing System, June 2017