Whistler
The Whistler market is off to a slower start this year, with 106* sales in the quarter, down 23% from the 130* sales in Q1 last year. Despite slower sales, there was an uptick in the number of single-family homes sold in Q1 vs Q4 of last year. Inventory continued to rise through the quarter, with a total of 241* listings coming to the market. Overall inventory currently sits at 326* units, up 21% from the end of 2024 and 12% from the same time last year. The median sale price was up vs Q4 across the single family, townhome and condo categories. Median days on market for both townhomes and condos increased from Q1 of last year and decreased from Q4, to 37 and 31 days respectively. Days on market for single family homes was 122, which is on par with Q1 2024 and up from last quarter. Overall, the Whistler market is currently leaning in favour of buyers.
Pemberton
The Pemberton market so far this year has kept pace with 2024 sales, recording 20 sales in Q1. There was a notable decrease in single family home sales and a notable increase in townhome sales when compared to both last quarter and Q1 of last year. Inventory increased slightly throughout the quarter, with 62* units currently on the market and 41* when excluding vacant land. Overall inventory levels are down 15% from the same time last year and up 15% from the end of 2024. The median price point across all categories remained relatively stable compared to the same quarter of last year. Inventory sat on the market slightly longer in Q1 vs last quarter with days to sell increasing for single family homes, townhomes and condos. Overall, the Pemberton market is also leaning in favour of buyers, although inventory does remain a constant constraint.
From an overall market standpoint, we are experiencing both potential sellers and buyers “waiting and seeing” with the ever-evolving US tariffs, resulting market volatility and the Canadian Federal election at the end of the month. There have been policies proposed by parties as part of their platforms that could have significant impact on our real estate markets. So far we haven’t seen a typical start to the spring market, but we anticipate we will see an increase in activity later this spring after we have some more certainty on the political front. Despite the spring market delay, we are seeing well-priced quality product receive multiple offers and move quickly. Encourage your seller clients to think strategically about pricing their property and put their best foot forward in terms of pricing and your buyers to act while they have more choice. We anticipate the market will heat up come May as buying conditions, including inventory and mortgage rates, are the best we have seen in years.
*excluding parking stalls
