Well, we’ve reached the final month of 2018. December is here, I preview the November stats and it’s no secret that the sales tent to dip during this time of the year. Seasonal lows are expected and I’m not predicting it to be any different for the month of November where I focus my update is in our micro markets. We typically expect less activity as we head into December and closer to Christmas and this year is no exception. Especially with the late arrival of the snow, we all started to wonder if winter was coming at all. However, it all changed with 190cm of snowfall over the last 7 days and more on the way – it’ll certainly help all that excitement rolling into 2019!

The market shows that there are 66 single family homes currently listed for sale with 8 sales in November. That means 8.3 months of inventory and indicates a Buyer’s market. But none the less there is slim pickings for single family homes. If you find a good one you best jump quickly. Be sure to ask to receive our recommendations if you are looking to get into the market, and check out our current listing on Mountain View Drive.

With regards to townhomes, there are 56 homes listed for sale with 16 sold in November. That’s 3.5 months of inventory, so it is a Seller’s market. Condos, 65 available for sale with 19 being sold in November so 3.4 months of inventory – again it’s a Seller’s market for condos. It seems the biggest demand is for rental properties in the Village. One great opportunity is to own this revenue generating gem and still have all the luxury you want. Or maybe it is time to escape to the perfect, easy Whistler cabin. For buyers seeking opportunity, how about this luxury gem which will be price at $2,050,000 in 2019. Get a head start on this opportunity.

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