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Whistler real estate market update for Nov. 9


Blog by Nick Swinburne | November 9th, 2012


I hope this finds everyone well and looking forward to the weekend.   It is going to be a busy one here in Whistler as the Resort hosts Cornucopia - Whistlers celebration of wine and food.  This year’s festival is bigger and better than even and offers wine tasting, cocktail events, wine maker seminars and wonderful dinners throughout the weekend.  If you have never been (and can still get tickets), I would encourage you to partake in the event.

The past 2 weeks brought 32 new listings, 37 Price changes and 27 completed sales in the Whistler real estate market. To view on nickswinburne.com please click here.

With the exception of price changes (which increased from 29 from the previous 2 week’s numbers), the amount of new listings and sales has remained unchanged.  We did see a large number of expiries at the beginning of the month; it will be interesting to see how many properties relist.

Current Active chalet, townhome and condo listings continue to decline, now down to 562 active listings.  The past few months have seen a decrease in sales from this time a year ago, but overall sales for 2012 have remained steady and may exceed the 2011 sale numbers.  Year by year we can make these comparisons: 2008 had 404 sales, 2009 had 343, 2010 had 357, 2011 had 456 and year to date we have had 416 sales in 2012.

Whistler chalet, townhome and condo sales by month and year

sales by year

Often I am asked “Where is the market heading?”.  While an accurate prediction is open to many veriables, we are seeing some definite trends appearing.  Phase I, one and two bedroom units seem to be in demand if priced correctly for the market.  The flexibility that this style of ownership brings is appealing to both regional and destination buyer.  As a result we are seeing a diminished amount of inventory available in this sector and multiple offers on properties like this are starting to occur.  By contrast single family homes in Whistlers surrounding neighbourhoods are plentiful, as many baby-boomers begin to downsize, opting out of the ski lifestyle and responsibility of maintaining a large home.  I feel this is a trend that we will continue to see more of, as this demographic moves through the population.  As I have said before, a 1:1 US/Canadian dollar makes a condo purchase in Hawaii a viable and perhaps more enjoyable purchase for folks in this situation.

As always, I would be pleased to discuss the current Whistler market with you and give you my best perspective on how it is trending.  I will add that I am now featuring daily new Whistler listings on the front page of www.nickswinburne.com, so stop by and have a look through them.  Please feel free to touch base with any questions on these or other properties for sale in Whistler or to arrange a showing – I am happy to assist.

Have a great weekend!

Sincerely,
Nick

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

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