Greetings from Whistler and Pemberton,

Summer is here in full swing! This week we are bringing you our Q2 corporate market update full of insight on the market and what is happening in both Whistler and Pemberton.

Here are the numbers for the past 7 days:

Whistler Market
16 New Whistler Listings
10 Sales in Whistler
11 Price Adjustments

Pemberton Market
5 New Pemberton Listings
3 Sales in Pemberton
3 Price Adjustments

Please reach out with any questions, we are here for you and we love what we do!

Wishing you all a fabulous week🌻

Lynne Venner & Tracey Cruz

Your Mother/Daughter Team

*Note All statistical information provided from sources deemed to be reliable. The information provided is based on data collected from Whistler Listing Service WLS and MLS.

Let’s talk about the second quarter of 2024 in the Whistler and Pemberton real estate markets.

Over the course of the quarter, inventory levels continued to rise in both Whistler and Pemberton, which came as a function of both typical spring market activity and the capital gains changes that came into effect towards the end of the quarter. April was a busy month for sales in both the Whistler and Pemberton markets, which was followed by a slower May and June as the much-anticipated interest rate decrease at the beginning of June didn’t move the needle in terms of generating market activity.

In Whistler, there were a total of 136* sales in Q2, with approximately half of these sales coming in the month of April. Overall, this is a 16% increase vs Q1, but down 18% from the same period last year. Despite sales volume declining over the course of the quarter, the median sale price increased each month as a result of the product mix sold. The luxury segment, although slower than Q1, remained active with 10 sales over $4M in Q2. Buyer’s origin for the first half of the year in Whistler was typical, with 83% of buyers coming from British Columbia, 2% from the rest of Canada, 8% from the US and 5% from other international locations. There was a listing boom likely due to the capital gains change, with 315 new units coming to market throughout the quarter. Total market inventory currently sits at 346 units, 50% above inventory at this time last year and 23% above the 5-year average. Overall, Q2 market conditions in Whistler were balanced, with a slight lean in favour of buyers.

There were 31* sales in Pemberton in Q2, almost doubling the sales volume from the typically slower first quarter of the year. Year-to-date, there have been 17 less sales than there were at the end of Q2 2023. Median sales prices are down across all categories, likely because of the continued sensitivity of the market to mortgage rates. Inventory increased by almost 40% from April to June and currently sits at 94 units, which is the highest level Pemberton has seen since August 2020. There was one luxury sale in Pemberton over the $2M price point in Q2 vs two in Q1. 37% of Pemberton buyers originated from Whistler, 33% from Pemberton, 16% from the Lower Mainland and 8% from other areas of BC. Overall, the Pemberton market tilted in favour of buyers throughout Q2.

Read Full Market Report

Whistler Real Estate Company agents represented 39% of the Whistler and Pemberton market in the first half of 2024 and helped our clients achieve amazing outcomes. Browse All Listings

💫 FEATURED LISTING💫
135-1200 ALTA LAKE RD

135-1200 Alta Lake Rd
2 Beds \ 2 Baths \ 1078 SQFT \ $1,675,000
This 2-bedroom, 2-bathroom townhome in the sought-after Twin Lakes Complex which is situated on the picturesque waterfront of Alpha Lake. Renovated to perfection from top to bottom, this home features beautiful new carpets and heated vinyl flooring for a luxurious feel underfoot. The kitchen is equipped with new appliances, countertops, and lighting, making it perfect for the chef in your family. The open-concept design is ideal for entertaining guests or enjoying social gatherings in the living room, complete with a wood-burning fireplace and a sunny west-facing deck. You’ll appreciate the convenience of a carport and a private storage room right at your front door. Twin Lakes offers numerous benefits, including a beautiful waterfront beach, storage for your paddleboard or kayak, tennis and pickleball courts, a fabulous swimming pool, and a free winter shuttle bus to the ski hills. Experience all of this in one fantastic package: #135 Twin Lakes. View virtual tour here.
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