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Whistler real estate transaction report for April 17

Blog by Nick Swinburne | April 17th, 2012

The Telus World Ski & Snowboard Festival kicked off this past weekend.  The base of Whistler Mountain was the place to be on Saturday as a good gathering of people braved the chilly evening to watch the Snowboard Big Air, with the Skiers taking to the air next Saturday.  Throughout the week, visitors and locals alike will be treated to a great mix of sports, art and culture.  This year may mark the last of the Telus festival as Whistler’s bid to host the X-games for 3 years starting 2013 will hopefully meet with a positive reply.

As our winter season comes to a close, I expect the real estate season to start to heat up.  I feel we will start to see more inventory come to market now that the winter rentals are finishing and properties should start becoming easier to show.  While interest rates continue to stay at record lows, recent increases in fuel prices will have a trickledown effect on inflation and variable interest rates.  My local mortgage broker is expecting variable and fixed rate increases of at least 1.5% over the next 18 months with a strong possibility of rates increasing by 2.5% to 3% over the next 4 years.  I believe this will prompt people who have been contemplating a purchase into the local market, to make the move.

We had 20 new listings, 20 price reductions and 6 sales occur in the past 7 days. This compares to 20 new Listings, 11 price reductions and 12 sales that we saw the previous week.

Please click here to view the past week’s new listings and price changes as reported by the Whistler Listing System.  Please contacct me directly if you would like the past weeks sales.

If you have friends who would like more information on these or other Whistler opportunities, please forward my contact information to them.  I would welcome the chance to discuss their goals, and see how we can help them make Whistler Home.

Have a great week ahead,