Whistler, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,825,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 1.0% |
Apartment
| Median price | $850,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,400,000 |
| 3 bedrooms | $1,825,000 |
| 4 bedrooms | $2,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $600,000 |
| 2 bedrooms | $850,000 |
| 3 bedrooms | $1,100,000 |
Demographics
| Current Population (2024) | 13,000 |
| Previous Population (2019) | 12,500 |
| Population Change | 4.0% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 2.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of recent data, Whistler’s real estate market is experiencing a period of steady growth. The median house price in the area stands at a robust $1,825,000, marking a year-over-year increase of approximately 4%. This indicates a healthy upward trend in property values for standalone residential homes.
In contrast, the apartment sector shows a more modest growth trajectory with the median apartment price set at $850,000, reflecting a year-over-year increase of 2.5%. These figures suggest that while the market is growing overall, apartments are appreciating at a slightly slower pace compared to houses.
Whistler’s population currently sits at around 13,000 residents and has witnessed a growth rate of about 4%. This demographic expansion can be attributed to Whistler’s reputation as a world-class ski destination and its appeal as a year-round resort community which continues to attract new residents and investors alike.
Investment Opportunities and Potential
The ongoing appreciation in property values presents notable investment opportunities within the Whistler real estate market. Investors seeking long-term capital gains might find the housing market particularly attractive given its stronger growth rate compared to apartments. The sustained population increase further supports demand for housing, potentially leading to continued appreciation in property values.
Additionally, Whistler’s position as an international resort destination offers unique short-term rental opportunities for investors. Apartments and condominiums, despite their slower growth rate, can still provide strong rental income potential due to high tourist turnover and seasonal demand surges.
Future Market Outlook
Looking forward, the future market outlook for Whistler remains optimistic. The combination of ongoing population growth and Whistler’s unflagging popularity as a travel destination suggests that demand for both residential properties and vacation rentals will continue to be robust.
However, it’s important for potential investors to consider global economic trends and their impact on tourism-dependent communities like Whistler. While current trends point towards positive growth, external factors such as economic downturns or changes in travel behavior could affect market dynamics.
Nonetheless, with thoughtful consideration of these factors alongside prevailing trends, Whistler’s real estate market appears poised for continued strength in both the near and long term.
