Whistler Real Estate Market Report: 2024 in Review and 2025 Forecast

The Whistler real estate market in 2024 showcased resilience and adaptation in a year characterized by moderate activity and notable market shifts. Let’s take a closer look at the trends, numbers, and projections shaping Whistler’s property landscape.

Sales Activity and Price Trends

In 2024, Whistler recorded a total of 505 property sales, marking a modest 2% increase compared to 2023. However, sales remained 29% below the five-year average, reflecting a market that is still navigating broader economic and policy influences. Despite this, steady demand has kept the market active, driven in part by Whistler’s unique appeal as a world-class resort destination.

The total sales dollar volume for 2024 reached $826 million. While this figure represents an improvement in transaction numbers, it also marks the lowest dollar volume since 2019 and sits 14% below the 10-year average. Prices across all property categories remained consistent with 2023 levels, a testament to the market’s stability amidst fluctuating conditions.

The median number of days it took to sell a single-family home increased to 57 days in 2024, compared to 43 days in 2023. For townhouses, condos, and land, days on the market remained stable at 28, 30, and 95 days, respectively. These figures underscore the importance of competitive pricing and strategic marketing in today’s market.

Inventory Levels

Inventory trends in 2024 highlighted a gradual tightening of supply, especially in the latter half of the year. With 952 new listings introduced to the market, Whistler recorded its third-lowest number of new listings in a decade. This reduction in available inventory emphasizes the importance of timing and preparation for buyers and sellers alike.

Luxury Market Insights

The luxury segment remained robust in 2024, with 27 properties selling for over $5 million. This includes a record-breaking condo sale that set a new benchmark for the Whistler market. The enduring appeal of Whistler’s luxury offerings continues to attract high-net-worth individuals seeking premier properties.

International Buyers

International buyers accounted for approximately 13% of property purchases in Whistler in 2024, with U.S. buyers making up 7% of total transactions. As Whistler is exempt from Canada’s foreign buyer ban, the area remains a preferred destination for global buyers seeking investment opportunities or second homes.

Looking Ahead to 2025

As we move into 2025, there are several reasons to be cautiously optimistic about the Whistler real estate market:

  • Increased Sales Volumes: With mortgage rates anticipated to trend downward, we expect sales to approach historical averages. Policy changes, such as the CMHC-insured mortgage price limit increase, are likely to enhance consumer buying power.
  • Boost in International Purchasers: Favorable currency exchange rates are expected to drive increased tourism in the Sea-to-Sky corridor, leading to more interest from U.S. and international buyers.
  • Potential Policy Changes: Both the upcoming Canadian election and leadership changes in the U.S. could bring housing and tax policy updates that further support market activity. These shifts may make buying or selling property in Whistler even more appealing.

Whistler’s real estate market remains a dynamic and resilient environment, uniquely positioned to attract buyers and investors from around the world. Whether you are considering a purchase or looking to sell, 2025 holds promising opportunities for those prepared to navigate the evolving market.

For personalized advice on how these trends may impact your real estate goals, don’t hesitate to reach out. Whether you’re buying or selling, I am here to help you make informed decisions in this ever-changing market.

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Find out about the Pemberton real estate market here.

*Excluding parking stalls
**All stats deemed to be accurate and taken from the Whistler Listing System, January 2025.