Late Fall 2011 Real Estate Market - Whistler - November 30, 2011. - Ron Mitchell - Sutton Group - West Coast Realty
The past 3 months (Sept/Oct/Nov) have seen the most sales activity YTD. Since September 1st the Whistler Listing System (WLS) recorded 165 Firm Sales (average 55/month). The other most active months were June 48 sales, April & May 40 sales each. Selling Values - continue to be soft. Listing inventory remains high for most Property-Types. Buyer demand is low to moderate depending on the "Property-Type." Listing inventory should diminish with the start of the winter season as many unsold listings will come off the market to be rented or used-personally. Selling values will probably continue to be soft through 2012 as buyers look for motivated sellers and "The Best Value". Restricted-use condo-hotel units (Phase 2) 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) Unrestricted condos/townhomes (Phase 1) in Whistler Village / Upper Village: Current selling valu