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Happy Holidays from Nick Swinburne and the Whistler real estate market update

Blog by Nick Swinburne | December 21st, 2012

What a difference a week can make here in Whistler!  In that time, the mountains received nearly 50 in. of fresh snow.  We have been enjoying nonstop snow fall for an accumulation of 25 in. the last 48 hours as reported by the Whistler Blackcomb website (but I think we have had more!).  Currently the base sits at almost 7 feet and more is on the way.  Right here is a good place to be!

While it is slightly too early to compare 2012 real estate numbers with those of last year, a quick tally gives us the follow results:
Chalet sales in 2011 were 99.  Chalet sales 2012 YTD are 82.
Condo sales in 2011 were 167.  Condo sales 2012 YTD are 169.
Townhome sales in 2011 were 188.  Townhome sales 2012 YTD are 220.

Total Whistler sales in 2011 came in at 556 and we are currently at 566 for 2012.

The majority of the purchasers are from the lower mainland but we are starting to see a growing interest in our luxury market for international buyers and a return of buyers from the United States.  All this buyer interest has meant that our inventory has declined to a level equal to that of our 2008 level.  I still feel we will see good opportunities moving into the New Year, but feel this market is firming up.

The past 2 weeks brought 41 new listings, 17 Price changes and 24 completed sales in the Whistler real estate market. To view on nickswinburne.com please click here.  There are some new picks of the week there too.

I would like to take this opportunity to wish you a safe and happy holiday season and to thank you for thinking of me for your real estate needs.  I am here to assist and look forward to working with you in 2013, to help you achieve your Whistler real estate goals.

All the Best!

Nick Swinburne REALTOR®

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