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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