August was another slower month in Whistler, with only 21* sales. Inventory remained relatively on par with last month across all product categories, except for a 11% decrease in the number of condos on the market. Year-over-year median sales price was down slightly for chalets and up significantly for both townhomes and condos. Days on market increased across all categories versus both last month and last year with a median of 93 days for chalets, 72 for townhouses and 63 for condos. With more inventory and slower summer sales volumes, there has been less of a sense of urgency in the market. Overall, the Whistler market leaned in favour of buyers again in August.
The Pemberton market kept pace with July, ending the month of August with 9* sales, with 2 of these sales coming over the $2M mark. Market inventory sat at 87 units, down slightly from the June peak of 94 units. Notably, median sales price was up significantly for single family homes, both month over month and year over year. The consistent market activity and higher average price point may be because of consumer expectations that interest rates are going to continue to decline in the coming months. Overall, the Pemberton market approached balanced, with a slight buyers tilt.