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2012 Colorado resort real estate sales on possible rebound


Blog by Nick Swinburne | November 2nd, 2012


In an article by the Denvor Post, Colorado's resort and recreaction property market is starting to stabalize and is fueling hope of a rebound.  Sales are steady and and in 6 of Colorado's 7 resorts rose 2.8% through July.  The majority of these transactions are in the lower end while higher end purchases remain slower while the Presidential election is underway.

In Whistler, the Western Mountain Resort Alliance has compared 3rd quarter stats from 2011 to this past year's stats.  Overall active listings are down 18%.  Number of units sold is up 6% and total volume sold is also up, by 4%.  September 2012 sales came in at 48 and October at 51.

Sales in Whistler from January 2008 to October 2012 can be seen below:


2008 - 2012 Whistler sales


Overall we are seeing a slow but steady number of Whistler sales with the challenge now being inventory.  Increased Buyer demand and sales have led to a reduction of property for sale.  As regional investors shy away from Vancouver real estate purchases as that market slows, eyes turn to the already reduced Whistler market which offers potential capital appreciation and return on Lifestyle.

As supply diminishes and demand increases we may start to see Whistler prices stabalize. Current disposable income for most folks is not at a level that will compete with price increases meaning Sellers will still need to be realistic with a price point that will encourage a Buyer to submit an offer.

Savy Buyers should be aware though that continued low prices can trigger multiple offers, and should be prepared to move quickly if the right property comes along.

I am available to discuss any questions or comments on the Whistler real estate market.

Sincerely,
Nick

Nick Swinburne
REALTOR®
direct: 1.604.935.4848
web: nickswinburne.com

Sutton Group WestCoast Realty - Canada's #1 Real Estate Broker