MARKET UPDATE – SEPTEMBER

Whistler

Sales activity in Whistler remained slow over the summer, with a total of 106* transactions recorded in Q3. This represents a 9% drop from Q2 and a modest 3% decline compared to the same quarter last year. Despite the slower pace, prices held stable across property types, including single-family homes, townhomes, and condos, when compared year over year. Overall inventory remained fairly consistent throughout the quarter and currently sits at 320* units, about 4% lower than this time last year. Despite total inventory across all product types remaining relatively consistent, there were different and notable trends within specific product categories – townhome inventory has declined by 22% year over year, while condo inventory is up 32% from last year. Within the condo market, Phase 2 (hotel-style) properties have seen inventory levels nearly double compared to last year, while Phase 1 (nightly rental) units have experienced a 20% increase. In terms of buyer origin, year-to-date data shows 86% of buyers are from B.C., slightly higher than the historical average in the low 80s, with an additional 8% of buyers coming from the U.S. The luxury segment remains active, with nine sales over $4 million in Q3. Of those, four sold for more than $5 million, including a top sale of $12.65 million. Overall, Q3 market conditions in Whistler were relatively balanced.

Pemberton

The Pemberton market experienced a slowdown in Q3. July recorded the highest monthly sales volume of the year so far, followed by an average August and a notably quiet September, which marked the lowest monthly total in 2025 to date. The quarter ended with 26* total sales, slightly ahead of Q2 but down three transactions compared to Q3 2024. Current market inventory sits at 82* units, or 57* units when excluding vacant land. This is the highest inventory level seen since September of last year. Median sale prices softened slightly across all categories. Single-family homes were down 12%, townhomes 4%, and condos 14% year over year. Despite this, the luxury market remained active, with a top sale in the quarter of $2.45 million, marking the fourth property to sell over $2 million in Pemberton this year. Buyer origin remains consistent with past trends. Approximately 82% of buyers are from Pemberton, Whistler, or Squamish, with 7% from Vancouver and nearly 6% from other Canadian or international locations. At present, the Pemberton market is leaning in favor of buyers.