Whistler Market & Resort Update
July 2014
Sunny Summer Greetings!
It’s the second week of July and summer in Whistler is in full gear. It’s interesting to see how the summer season continues to evolve with an array of events and activities. The events list continues to grow; Tough-Mudder, Summer Concert Series, Ironman, Gran-Fondo, Children’s Festival along with the traditional Sunday Farmer’s Market. While the activities list is open ended; cross-country biking, downhill biking in the park, alpine hiking, kayaking, rafting, stand-up paddling, zip-trekking, ATV tours, golf, tennis and don't forget apres on a sunny patio! For a full list of events and activities check out Whistler Blackcomb and Tourism Whistler
On the real estate side the first half of 2014 surpassed 2013 both in dollar volume and the number of sales. The Whistler Listing System (WLS) recorded approximately 340 sales January to June 2014 with a total dollar volume of approximately $233M compared to 2013 with 267 sales and a dollar volume of $195M.
The second quarter of 2014 saw strong buyer demand. Total sales in Q2 were 176 compared to 143 in 2013. Townhouses saw the highest number of sale with 65 compared to 46 in 2013. Unrestricted condos were next at 51 compared to 39 in 2013. Single-Family Chalets/Cabins followed with 34 compared to 26 in 2013. Condo-Hotel units (Restricted Phase 2) were at 15 compared to 11 and Quarter-share ownership followed at 6 sales compared to 10 in 2013.
(Source WLS. Excludes: Whistler Housing Authority, Timeshare and Parking Stalls)
To sum up I expect the second half of this year will continue to build on the trends we have seen over the past three years. Continued low interests rates, strong local demand from within British Columbia and select interest from non-resident buyers will keep our market on solid ground. Buyers continue to see excellent value in Whistler ownership with lifestyle being the main influencing factor.
For more detailed information on specific property types of interest please contact me.
Enjoy the summer!
Ron
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