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Whistler real estate Quarter 3 market update


Blog by Nick Swinburne | October 4th, 2012


Hello from Whistler,

For those of us in this neck of the woods, this weekend brings with it two joyous occasions; Thanksgiving and the Turkey Sale.  For those who are wondering, the Turkey Sale is a weekend sale here in Whistler of all things equipment related to skiing and snowboarding.   There are always some great buys to be had, and both the sale and Thanksgiving mark the start of the snow season countdown.  All in all it will be another great long weekend to be here.

Overall Whistler real estate activity has been steady and September 30 marked the end of Quarter 3 of the year.

2012

Total sales

Chalet

Condo

Townhome

Shared

Duplex

Vacant

Q1

140

25

44

50

15

2

3

Q2

157

21

57

56

16

3

3

Q3

120

17

23

57

9

7

4

Total

417

63

124

163

40

12

10

We had 754 Active listings in the above categories for the end of September or an absorption rate of 16.1%, the cusp between a buyer market and a balanced market (15% – 20% is regarded as balanced).  If we remove Shared Owner and Vacant property from the equation, we are left with 593 active listings at the end of September, 97 sales and a rate of 16.3% absorption.  I expect to see a few more late sales posted for September, moving these percentages up.  Overall listing supply has been on a steady decline since this time last year.

In terms of list and sale prices for chalets, condos and townhomes we have see average list pricing by vendors higher than last year, perhaps driven due in part from less supply and a renewed confidence in the economy.  Buyer sale price though continues to move final sale prices lower.

The past 2 weeks brought 44 new listings, 39 Price changes and 40 completed sales in the Whistler real estate market. Please click here to view.

Please contact me directly for accepted sales that have not closed.

Please know that I am always available to help with any questions you have on real estate in Whistler or to discuss opportunities that I feel are worth looking at.  There continue to be good opportunities for Buyers in this market.  I reiterate my comment in September that the current strength of the Canadian dollar also favours sellers who purchased Whistler real estate in US or UK funds in the past 7 – 15 years.   In some cases we have seen 30% – 40% gains on the exchange rate alone.

If you have family or friends who are looking to sell or buy here, please forward my contact information to them.  It would please me to be able to offer my services to them and am happy to provide a referral fee back to them or to you.

Happy Thanksgiving,
Nick

Nick Swinburne
REALTOR®

direct: 1.604.935.4848
web: nickswinburne.com
Sutton Group WestCoast Realty - Canada's #1 Real Estate Broker