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Whistler homes, condos and townhome new listings and market update for April 22


Blog by Nick Swinburne | April 22nd, 2013


What a beautiful day we are enjoying here in Whistler. With World Ski and Snowboard festival wrapped up on Sunday, the village will seem unusually 'unbusy' for the next few weeks. That said, the skiing and riding is still good and the mountain bike trails and golf courses are starting to look ready to enjoy.  It also means that getting in to view properties will be a lot easier.

This past week saw an increase in the number of new listings, from 22 to 28.  Price changes and sales were slightly down - 14 price changes this week compared to 15 from the previous week and 17 sales compared to 23.



Whistler real estate new listings sales and price changes graph


Sales consisted of 5 chalets ranging from $1.25m to $3.5m, 3 condo sales from $188k to $360k, 1 duplex at $750k and 8 townhomes ranging in price from $366k to $1.2m.  Please visit my weekly update page to view these properties.

Current active Whistler inventory sits at 563 listings.

I recently ran the sales summary report for Whistler for year to date for the end of March.  Comparing this year to date to 2012, we have:

Gross Sales: up 26% from $80m to $101m.
Units listed: down 19% from 309 to 248.
Units sold: up 25% from 109 to 137.

This trend of increased buyer activity and reduction in inventory is one we have now been seeing for the past 6 months.  While we will see additional inventory come to market over the next few months, the buyer activity is now at a strong enough pace that the days of the 'great deals' may be quickly coming to an end.  While I do not feel we will see dramatic price increases over the next few months, the Whistler market is showing signs of recovery which will lead to a stabalization of pricing.

If you would like to receive your own copy of the sales report, please drop me a line.

As always, I welcome your questions and comments on our local market and some of the better opportunities within.  Please contact me if I can assist with the sale or purchase of real estate here in Whistler.

Sincerely,
Nick
Sutton Group WestCoast Realty Whistler
tf: 1-866-978-8866 ext. 27
c: 1-604-935-4848