SUMMER 2013 WHISTLER REAL ESTATE MARKET UPDATE
It’s been a good summer for both resort activity and real estate activity. Events like the Tough-Mudder, Summer Concert Series, Ironman and Grand-Fondo continue to make the summer season a great success.
On the real estate side, it appears 2013 has brought stability to the local market. While we are still seeing some price reductions with specific types of properties, others are seeing multiple offers for the first time in many years. It’s evident that overall buyer confidence in Whistler continues to grow stronger. At a time of year when we typically see more listings come to market, this year we have experienced the opposite.
Compared to the last few years listing inventory has continued to drop since the beginning of the year. The Whistler Listing System (WLS) is currently showing 560 *active listings compared to 669 *active listings a year ago.
With stronger Buyer demand and less to choose from than in the past few years Sellers are finally starting to see a balanced market. If a property is priced right and offers value, chances are it will sell within a reasonable period of time.
A quick snapshot comparing 2013 YTD sales to the same period last year. Most noticeable is the increase in Chalet sales including dollar volume. The other property types are in line with
last year with the exception of Phase 1 Townhomes that are down in numbers and dollar volume.
* (Chalets, Condos-Phase 1, Hotel-Condos Phase 2, Duplexes & Townhomes. Excludes Shared-Ownership.)
 |
| Whistler Olympic Plaza - One of the many free outdoor concerts this summer! |
On the real estate side, it appears 2013 has brought stability to the local market. While we are still seeing some price reductions with specific types of properties, others are seeing multiple offers for the first time in many years. It’s evident that overall buyer confidence in Whistler continues to grow stronger. At a time of year when we typically see more listings come to market, this year we have experienced the opposite.
 |
| View of Whistler Valley and Fairmont Chateus Golf Course from the Comfortably Numb bike trail. |
Compared to the last few years listing inventory has continued to drop since the beginning of the year. The Whistler Listing System (WLS) is currently showing 560 *active listings compared to 669 *active listings a year ago.
With stronger Buyer demand and less to choose from than in the past few years Sellers are finally starting to see a balanced market. If a property is priced right and offers value, chances are it will sell within a reasonable period of time.
 |
| Olympic Plaza, Whistler Village |
last year with the exception of Phase 1 Townhomes that are down in numbers and dollar volume.
* (Chalets, Condos-Phase 1, Hotel-Condos Phase 2, Duplexes & Townhomes. Excludes Shared-Ownership.)
2013 Year to Date - September 20, 2013
TYPE
|
# OF SALES
|
$VOLUME
|
HIGHEST
|
LOWEST
|
CHALETS
|
78
|
$112M
|
$10M
|
$350K
|
CONDOS – PHASE 1
|
68
|
$31M
|
$4.8M
|
$91K
|
CONDOS – PHASE 2
|
33
|
$5M
|
$460K
|
$50K
|
TOWNHOMES – PHASE 1
|
67
|
$49M
|
$2.7M
|
$180K
|
TOWNHOMES – RESIDENTIAL
|
25
|
$13M
|
$930K
|
$220K
|
2012 Whistler Real Estate Sales
TYPE
|
# OF SALES
|
$VOLUME
|
HIGHEST
|
LOWEST
|
CHALETS
|
60
|
$90M
|
$4.4M
|
$543K
|
CONDOS – PHASE 1
|
71
|
$32M
|
$2.6M
|
$118K
|
CONDOS – PHASE 2
|
34
|
$7.4M
|
$598K
|
$50K
|
TOWNHOMES – PHASE 1
|
81
|
$59M
|
$1.9M
|
$200K
|
TOWNHOMES – RESIDENTIAL
|
24
|
$11M
|
$810K
|
$245K
|
 |
Matthew Callaghan - REALTOR® Sutton Presidents Club Member® - 2011 & 2012 Sutton Group - West Coast Realty
O: (604) 935-3380| C: (604)966-8678
Search Whistler's Best Real Estate Listings Herewww.MatthewCallaghan.com      |
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