Wednesday, 18 December 2013

Whistler Winter-Start 2013 Market Update                           December 15, 2013

Early Winter Greetings!

As the Resort enters its busy winter season and we launch into the new year I thought it would timely to offer a snapshot on our market. 

It's been a good Fall in Whistler for real estate. The trends that we have seen since the beginning of the year continue. Sales numbers and dollar volume are up and listing inventory down. In addition compared to a year ago most Property-Types have experienced a slight gain in value (approximately 5%) with the exceptions of hotel-condos and shared-ownership.

The vast majority of buyers continue to be regional (Greater Vancouver and local). For example of the 67 sales in November foreign buyers made up 13% (USA: 3 / UK: 2 / Singapore: 2 / Hong Kong: 1 / France: 1).

Here's a look at how the different Property-Types performed (sales #'s) over the recent Fall market  (September-November) compared to the same period last year:

Chalets - (under $1M) 2013 = 12  / 2012 = 8

Chalets ($1M - $2M) 2013 = 24 / 2012 = 7

Chalets (over $2M) 2013 = 9 / 2012 = 6

Residential Townhomes (includes strata titled Duplex/Triplex units) 2013 = 85 / 2012 = 69

Unrestricted-Use Condos (Phase 1 - zoned for vacation rental) 2013 = 30 / 2012 = 27

Restricted-Use Condos ( Phase 2 - hotel units) 2013 = 17 / 2012 = 10

Vacant Land 2013 = 12 / 2012 = 8

Shared Fractional Ownership 2013 = 13 / 2012 = 12

Overall the total number of sales January to November this year equals 608 with a dollar volume of $435M compared to last year of 551 with a dollar volume of $369M.

As we enter the new year I want to wish you and yours a Healthy and Prosperous 2014.

Let it snow!!

Cheers,

Ron

(Sales Data Source - Whistler Listing System. E&O. E)