HERE ARE THE FACTS. IN JULY, WE HAD A TOTAL OF 33 SALES WHICH IS DOWN 10% FROM JULY OF LAST YEAR AND 40% BELOW JUNE 2011. BUYERS SLOWED IN JULY, SELLERS REMAINED ACTIVE.
OUR TOTAL INVENTORY FOR LISTINGS IS AT 1174 UP FROM 1121 IN JUNE WITH A TOTAL OF 143 NEW LISTINGS.
YOU MAY BE WONDERING HOW IT IS DETERMINED WHETHER IT IS A BUYERS OR A SELLER’S MARKET. TO MAKE THIS CALCULATION, YOU TAKE THE NUMBER OF SALES AND DIVIDE IT BY THE NUMBER OF LISTINGS TO GET A PERCENTAGE. IT WOULD LOOK LIKE SOMETHING LIKE THIS:
15% TO 20% PERCENT BALANCED MARKET
21% OR GREATER SELLERS MARKET
14% OR LESS BUYERS MARKET
WHISTLER’S STATISTIC REPORTS A BUYER’S MARKET WITH A 2.8% PERCENTAGE SCORE. SO WE ARE VERY SINCERE WHEN WE SAY IT IS A BUYER’S MARKET.
MORE IMPORTANTLY, WHAT IS HAPPENING WITH PRICING?
WE USE 2008 AS A BASELINE FOR A HISTORICAL ACTIVE MARKET DUE TO THE ECONOMIC CRISIS FOLLOWED BY THE OLYMPICS.
OUR SINGLE FAMILY OR KNOWN IN WHISTLER AS THE CHALET MARKET HAS BEEN RELATIVELY STABLE SINCE THE MARKET CORRECTION IN 2008. THE MEDIAN PRICE OF A SINGLE FAMILY HOME IS $1.1 MILLION.
OUR CONDOMINIUM MARKET IS DOWN -9% OVER JULY OF LAST YEAR (2010) WITH A TOTAL DECLINE OF -17% SINCE 2008. THE MEDIAN PRICE OF A CONDOMINIUM IN WHISTLER IS $285,500
TOWNHOMES ARE UP +5% OVER JULY (2010) OF LAST YEAR WITH A TOTAL DECLINE OF -9% SINCE 2008. THE MEDIAN PRICE OF A TOWN HOME IN WHISTLER IS $622,000.
TODAY, THE AVERAGE DAYS IT TAKES TO SELL A PROPERTY IN WHISTLER IS 157 DAYS UP FROM 119 LAST YEAR.
WHISTLER MARKET ACTIVITY
Here is a link to view all the properties that have sold in Whistler over the last 30 days:
Here is a link to view all the Whistler properties that are newly listed over the last 30 days:
PEMBERTON REAL ESTATE ACTIVITY
Here is a link to view all the properties that have sold in Pemberton over the last 30 days:
Here is a link to view all the Pemberton properties that are newly listed over the last 30 days:
BC purchasers are closely watching the HST referendum and that has likely had some effect of slowing down the real estate sales over the past couple of months. Although August 5 was the last day for getting your vote in, it is unlikely that we will know for another week whether HST is staying (albeit at a lower rate of 11% in 2012 and 10% in 2014) or if we are going back to the separate provincial and government sales taxes. This is most relevant for new construction and nightly rental property sales as these attract HST to the sale price. To follow the results go to:
**HOT PROPERTIES FOR AUGUST**
6400 Easy Street – $1,099,000
3 bedroom property with 1 bedroom revenue suite plus a separate building that could be used as a workshop or studio. The building is on a 12,363 sqft lot, perfectly flat and allows you to build up to 3,500 sqft.
80-1200 Alta Lake Road – $689,000
Offering beautiful views across Alta Lake, this 3 bedroom plus den, 2 bathroom home in the popular Twin Lakes complex is a “must see” with covered parking and plenty of storage.
14-4661 Blackcomb Way – $739,000
Ski right home to your front door. This townhome in Treeline offers 3 bedrooms and 2 bathrooms. Best view in the complex!
48-4617 Blackcomb Way – $2,880,000
This luxurious 3 bedroom, 4 bathroom suite in the prestigious Four Seasons Private Residence has it all; privacy and convenience of a mountain home with full service hotel amenities.
According to the Vancouver Sun, visits to British Columbia have been down due to the rain-delayed summer this year. But despite the slow start, warm weather has finally arrived in the Sea to Sky Corridor.
Take a look at the free concert series playing at the new Whistler Olympic Plaza. The Bare Naked Ladies are coming soon – Aug 21! Follow this link for more information.