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Whistler homes, condos and townhomes new listings and market update for April 8

Blog by Nick Swinburne | April 8th, 2013

Just when we though spring was here, this weekend saw continued snow accumulations in the high alpine on Whistler and Blackcomb.  Although the official amount was only 8cm, sources on the mountain tell me 20cm - 25cm was more realistic.  Today we are greeted with beautiful day here in the valley.  The Whistler new listings remain the same this week compared to last, giving us 12 new properties on the market.  Price changes were up from 8 to 13 and we had 19 sales complete this week.  The trend of increasing sales and decreasing inventory in some areas continues, with Buyers taking advantage of well priced offerings.

Whistler real estate new listings and sale for April 8

Sales consisted of 4 chalets ranging from $800,000 to $4.4M, 7 condos ranging from $178,000 to $3.2M, 7 townhomes from $320,000 to $1.5M and a parcel of vacant land selling for $775,000. Please visit my weekly update page to view these properties.

The number of active listings in Whistler currently sits at 537 units.

Last week a CTV article told of Whistler real estate prices “plummeting up to 68%”.  I feel it’s important to note that this figure predominantly applies to the pooled revenue generating phase II hotel condos and fractional ownership.  Purchases of this type were typically speculative and occurred at the height of a strong US dollar.  Today we are seeing a different type of buyer; typically from the lower mainland and looking for a long term holding property that gives a return on lifestyle first and cash flow second.  The big picture is that Whistler is a luxury market, and when times are tough, the luxury items are usually the first items people sell and the last items they purchase.  We continue to be between these two points but this market is changing and Buyers are seeing the value both in pricing and enjoyment in having property here.

I am available to answer any questions you have on the Whistler maket, so feel free to touch base.

Have a great week ahead!

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