Dear: valued clients and friends,

I hope all is well with you and you and your families.

Here's what was happening in the real estate market in January 2024:

• There were $68,485,999 worth of real estate transactions in January 2024 vs $22,953,499 in January 2023.
• Sales volume is up 198% this January vs last. This is attributed to January 2023 being the slowest month of the year by far. 
• July was the busiest month of 2023 with $103,250,500 of real estate transactions in Whistler.
• There were 5 sales in January 2024 over $4M. Most notably, a vacant lot in Stonebridge sold for $6M and a house on 2 acres in Spring Creek sold for $13M!
• There were 17 Price Reductions in January in Whistler.
• There were 218 listings on the market in January 2024 vs 163 in January 2023 and only 109 active listings in January 2022.
• In October 2019 there were 330 listings on the market.
• The median days to sell in January 2024 was 50 days. This is the highest it's been in 2 years.
• The prime interest rate in Canada remains at 7.2% for the last 6 months. The Bank of Canada meets next on March 6, 2024.
• With Canada’s housing market “starting to turn a corner,” there is growing demand for homeownership with a “colossally high” number of people planning to buy a home within the next year, according to a new poll. Almost half (49 per cent) of the people surveyed by NerdWallet last month said that they plan to purchase a home in the next five years. That percentage is up from a year ago, when 43 per cent expressed the same intent.