I hope this finds everyone well and relaxed after the Mother's day weekend and looking forward to the Victoria Day long weekend coming up. Hopefully we will see some of the stormy weather here on the West (wet!) coast subside and enjoy a return to sunshine. Now that we are into our 'shoulder' season, I always like to remind readers that now is a great time to come up to Whistler (despite the rain) and enjoy some well valued pricing at hotels, restaurants and activities here in town. Come on up – it’s a great time to be here.
Speaking of well valued offerings, the Whistler market saw 20 new listings this past week but only 5 price changes and 6 sales. Current active listings for the Whistler market stand at 532 and we would need to head back to 2008 to see this same level of available inventory.
A client that has been watching the market for some time made the appropriate statement that ‘all the cheap real estate has been bought up!”. While I still feel there are excellent opportunities available, we are continuing to see a reduction in inventory and a shift in this market. My recommendation is not to wait – While I appreciate the economic outlook is still not ‘great’ I feel that a slow recovery is moving forward and with it, a correction to the local Whistler housing market.
Completed sales comprised of 2 single family homes both selling for just over $1,000,000, 2 condo sales fetching $72,000 and $305,000 respectively, 1 townhome sale at $620,000 and a vacant parcel of land selling for $1.7M. To view the past week's new listings, price changes and completed sales, please visit my Listings Update page.
If you, family or friends have questions on buying or selling in Whistler, please feel free to touch base so we discuss your goals.
Enjoy the week ahead!