Let’s talk about the numbers in January 2025 Whistler and Pemberton real estate markets.
Not into reading? No worries! Check out the full scoop in this YouTube video:
Whistler Market Recap:
There were 29* sales in the Whistler market in January, which is a historically slower month for sales. This is about a 20% decrease from December sales and 31% lower than January of last year. Regarding inventory, a total of 78* new units were brought to market last month, which is the highest number of new listings we have seen since the month of June 2024. There was a slight inventory increase across all categories excluding chalets when compared to December, and significant increases in condo and townhome inventory when compared to January of last year. Median days on market increased across all product categories vs January of last year to 160 days to chalets, 27 for townhomes and 47 for condos. Overall, the Whistler market is currently leaning in favour of buyers.
Pemberton Market Recap:
The Pemberton market saw 7* sales in the month, which sits just below the 5-year average of 9 sales in January. 15 new listings came to market, with overall inventory sitting at 53 units, the lowest level since March 2023. When compared to December, days on market decreased for single family homes to 59 days on market and increased to 46 days on market for townhomes. Overall, the Pemberton market is balanced but leans in favour of sellers when excluding vacant land. We anticipate continued interest rate decreases will drive sales and pricing in the coming months given low inventory levels.
From Economic Views:
Looking forward, there is a lot of economic uncertainty which translates to uncertainty for our
markets. Despite the 30-day pause, there is still the looming threat of a trade war between Canada and the US that could further slow the Canadian economy and force the Bank of Canada to cut interest rates more aggressively. If tariffs are enacted, some economists are predicting rates nearing lows that were last seen in the heated pandemic market, offering prospective buyers more purchasing power. The weak Canadian dollar makes our market more attractive to US or other would-be international buyers. It may also result in Canadians looking inward for recreation as to avoid exchange rates. The capital gains increases being pushed to January 2026 may encourage those who have been considering selling to list, hopefully helping to increase our inventory levels. There are lots of factors at play, and it’s important to educate your clients on opportunities available now so that they don’t miss out. Despite the uncertainty and some fence sitting, we are seeing more of subject free, over asking and multiple offer situations.
