Whistler, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,530,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $750,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,200,000 |
| 3 bedrooms | $1,530,000 |
| 4 bedrooms | $1,800,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $600,000 |
| 2 bedrooms | $750,000 |
| 3 bedrooms | $900,000 |
Demographics
| Current Population (2024) | 12,000 |
| Previous Population (2019) | 11,500 |
| Population Change | 4.3% |
| Total Private Dwellings | 4,500 |
| Occupied Private Dwellings | 4,200 |
| Population Density (per km²) | 2.7 |
| Land Area (km²) | 445.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Whistler, British Columbia, is currently experiencing a period of growth with moderate price increases. The median house price stands at $1,530,000, reflecting a 4% year-over-year increase. This indicates a consistent upward trend in property values for single-family homes in the region, suggesting strength in this market segment.
Apart from houses, the condominium and apartment sector is also seeing positive movement, albeit at a slightly lower rate. With a median apartment price of $750,000 and a 2.5% year-over-year increase, it shows that there is demand for more affordable and smaller-scale housing options as well.
The population of Whistler is around 12,000 people and has been growing at a rate of 4.3%, which is above average compared to other Canadian locales. This growth can be attributed to Whistler’s reputation as an international resort community and its appeal to both domestic and international buyers looking for vacation properties or permanent residences in picturesque settings.
Investment Opportunities and Potential
Given the steady rise in property prices and the robust population growth, Whistler presents several investment opportunities. The increasing property values suggest that purchasing real estate in Whistler could yield capital gains over time.
Investors might consider both the house and apartment markets for investment. While houses offer the benefit of land ownership and typically more significant appreciation potential, apartments can be more accessible entry points into the market and may offer higher rental yield percentages due to their popularity among seasonal workers and tourists.
Furthermore, with the ongoing development projects in Whistler aimed at boosting tourism and enhancing local amenities, there could be potential for increased rental demand, making buy-to-let investments particularly attractive.
Future Market Outlook
The future outlook for the Whistler real estate market remains optimistic. The sustained population growth coupled with Whistler’s international appeal as a year-round destination suggests that demand for housing will continue to be strong.
The current trends indicate a healthy market with potential for further growth. However, investors should remain aware of external factors such as economic shifts or changes in tourism patterns that could impact the market dynamics.
In conclusion, while no market is without risk, Whistler’s real estate market has shown resilience and offers various opportunities for those looking to invest in property. With careful consideration of market trends and an eye on broader economic conditions, stakeholders can make informed decisions when navigating this vibrant market.
