In honour of Big White Ski Resort opening up, here is a throwback to last spring on the mountain.
November 2021 Statistics
Gearing down for the holidays the number of active listings is nearing 1,100 listings which based on the sales in November is only 2 months of inventory which continues to put the market in much of a seller's market as demand appears to not have dropped off yet, and I am not sure we will see demand drop off this year. The sales are being held back by the amount of inventory out there for buyers. Normally December we see listings and demand to continue to drop off, not sure if this year will be different or not especially with the highway closed from Vancouver, this is something to continue to watch.
537 total sales in November (Down from 568 sales in October and the November historic 5-year average is 441 sales.)
1149 total active listings which is down from 1298 in October compared to the 5 year average of 2,129 listings for November we are sitting at 53% of the average amount of listings for this time of year.
November median days to sell was 23 where the 5 year average as 43 days. The average days to sell was 41 which is compared to the 5-year average at 66 which continues to signal strong demand and motivation of buyers and sellers.
Single Family Residential Homes
Single-Family Sales - 54
New Listings - 241
Current Inventory - 543 (644 in October 2021 and 554 last November)
Total Sold Dollar Value - $301,874,969
Median Days to Sell - 23
Average Days to Sell - 39
Average Price - $1,188,878 up from - the past 5 year average of $766. 276 - and $916,125 last year
Townhome Activity
Townhome Sales - 64 (91 in October)
New Listings - 75
Current Inventory - 108 (5 Year November Average 260)
Total Sold Dollar Value - $44,539,140
Average Days to Sell - 53
Median Days to Sell - 20
Average Price - $677,672 ($583,914 last year)
Apartment/Condo
Condo/Apt Sales - 156
New Listings - 171
Current Inventory - 226
Average Days to Sell - 31
Median Days to Sell - 21
Average Price - $501,796
Median Price - $450,050
Let me know if there is anything I can do for you! Have a great week and feel free to reach out with any questions! -Mark