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Whistler real estate weekly update for Feb. 28

Blog by Nick Swinburne | February 28th, 2012

For those not familiar with my blog at www.realestateforwhistler.com/Blog.php, we had two very positive announcements this week in regards to Whistler and Whistler real estate.   The first was from the Provincial government who announced a transition from the current 12% HST tax back to the 5% GST (federal) and 7% PST (Provincial) tax in April 2013.  This should ease the burden on sales tax payable by those Buyers looking to take a commercial (phase I) property and move it to a residential designation.  The second was from Tourism Whistler, which reported that January 2012 was the busiest on record for the resort.  Although some of this can be attributed to the lack of snow in other N. American and European ski destinations the resort saw a renewed increase in long haul travellers from the Eastern States, the UK and Australia.  Another piece of good news came from our local municipal government who have committed to not raising property taxes in 2012.

This past week saw 17 new listings, 31 price reductions and 17 sales compared to 16 New Listings, 22 price reductions and 16 sales that we saw the previous week.

Please go ahead and click here to view the past weeks new listings, price changes and completed transactions as reported by the Whistler Listing System.

Five properties that caught my attention this week can be seen here: http://matrix.buywhistler.com/Matrix/Public/Portal.aspx?ID=210063283

I do feel that 505 Woodrun is a well priced unit offering ski in/ski out in a concrete building.  This is one of two 2 bedroom 5th floor units that are available in the complex and both offer spectacular views! 

If you have family or friends looking into the Whistler market, please feel free to forward this information to them.  I am always happy to answer any questions and would welcome the opportunity to earn your business.