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Dear: valued clients and friends, I am proud to announce, after 15 years with Sutton West Coast Realty, I will be joining a new all star brokerage: Angell Hasman and Associates! Our office will be in Eagle Lodge on Main Street in Whistler Village. If you're in the area, please come by and say hi! The office will be open 7 days a week and will be staffed with agents from 10am-5pm. Here's what's been happening in the real estate market in Whistler in November 2023: * There were $51,230,000 worth of real estate transactions in November 2023 vs $92,053,999 in October 2023. * There were $54,320,599 worth of real estate transactions in November 2022. * Sales Volume in November 2023 is down 5.7% this year vs last and down 44% month over month. * There were 25 price reductions (https://matrix.buywhistler.com/DE.asp?p=DE-3779872-339&k=62295XPHLV&eml=d2hpc3RsZXJyZWFsdHlAZ21haWwuY29t) in November in Whistler. 1 of those properties (https://matrix.buywhistler.com/DE.asp?p=DE-3779873-346&k=62295XPHLV&eml=d2hpc3RsZXJyZWFsdHlAZ21haWwuY29t) have now sold. * The prime interest rate in Canada (https://www.ratehub.ca/prime-rate) remains at 7.2% for the last 4 months. Median Sales Price and Sales Volume * The median sale price in Whistler is currently $1,500,000. * The median sale price has decreased .4% this year vs last. Active Listing Inventory * Listing inventory remains steady at 231 active listings. * In November 2022 there were 181 active listings. * In May 2020 there were 325 active listings. * In January 2013 there were 555 active listings! List Price vs Sale Price * The median listing price is $1,885,000. * The median sale price is $1,500,000. This represents a 20.4% discount! * Qualified buyers have more leverage than ever. Median Days to Sell vs Median Sale Price * The median days to sell in November was 32. * It took the longest to sell a property in Whistler in September 2023 at 48 days on the market. * The quickest median days to sell was May, at only 17 days! WHISTLER CHALETS * The median sale price of chalets in Whistler has decreased 20.5% this year vs last. * The median asking price in 2023 is $4,390,000 vs the median sale price of $3,100,000. * Chalet buyers are experiencing a 29.38% discount from asking price! * Chalet sales volume and active listings are on the decline. WHISTLER TOWNHOMES * The median sale price and sales volume remain steady in the townhome market. WHISTLER PHASE 1 TOWNHOMES * The Phase 1 townhouse remains in high demand. * Excellent rental revenues, flexible owner usage, full kitchens, pools and hot tubs are some of the amenities that continue to make Phase 1 townhomes so desirable. * Phase 1 townhomes have appreciated 7.5% in 2023 and 47% since 2021! WHISTLER CONDOS * The median sale price for condo's is up 1.4% so far in 2023. * This includes: Phase 1, Phase 2 and residential condos. WHISTLER PHASE 1 CONDOS - ZONED FOR NIGHTLY RENTALS * Phase 1 condos are experiencing a 9.4% median sales price decline so far in 2023. WHISTLER PHASE 2 CONDOS - ZONED FOR 56 DAYS OF PERSONAL USE * Phase 2 condos are up 4.5% in 2023!