September and October were the 2 busiest months year to date for 2011. In September there were a total of 54 Firm Sales in Whistler. October followed the trend of September with 53 Firm sales.
The other most active month was June 48 sales.(April & May had 40 sales each).
Selling Values - continue to be soft. Listing inventory is high for most property-types. Values will probably continue to be soft as buyers look for motivated sellers and the best deal.
Re: Restricted-use condo-hotel units and shared- ownership (quarter-share etc): Current selling prices are 40% to 50% lower than the last 2 price peaks - (2007/08 and 2002/03).
Re: Unrestricted condos/townhomes in Whistler Village / Upper Village: Current selling values are off 15% to 20%.
Re: Residential homes, cabins, townhomes, condos: These have weathered the post October 2008 storm must better - dropping 10% to 20% - since 2007. Mainly supported by Greater Vancouver & local buyers. Buying for personal use.
In my opinion...Many potential Whistler buyers are still waiting and watching. The question - Will some property-type values dip further? That's a difficult one to predict... Crystal Ball Real Estate? As always... Time will Tell.
