Whistler, B.C. Real Estate Spring Market Update & First Quarter Sales 2015

April 11, 2015 - Whistler Resort

Whistler Spring Market Update

The first quarter of 2015 reflected the trends of the past couple of years, strong buyer demand with reduced inventory. Some property types and price ranges are seeing multiple offers within days of being listed. Overall the market is balanced however if you are a seller with the right property and price point, the pendulum is currently favouring you.

Many Whistler property owners are curious whether or not the current weaker Canadian dollar is attracting large numbers of US currency buyers. I have compiled the following statistics from the first quarter to offer a snapshot of the Whistler market.

 Whistler 1st Quarter Sales 2015 

Total Sales = 165

Highest: $5.6m  /  Chalet  / Buyer: Florida, USA.

Lowest: $45k  /  Hotel unit  / Buyer: West Vancouver.

Buyers by country:

Canada = 137 

USA = 12

Hong Kong = 6

UK = 3

Mexico = 3

Singapore = 2

Dubai = 1

Japan = 1

Summary:

• 83% of the 165 sales were from Canada. (Majority from Greater Vancouver & Whistler.  Ontario: 4 / Outside Greater Vancouver: 3)
• 70% of the 165 sales were under $1m.
• 22% of 165 were between $1m to $2m.
• 7% of the 165 sales were over $2m.

By Price Range

Over $2m = 12 sales 

Canada = 6

USA  = 2

Hong Kong = 1

Mexico = 1

Singapore = 1

Japan = 1

Summary: 50% Canada

Between $1M to $2M = 37 sales

Canada = 29

Hong Kong =  3

Mexico = 2

USA = 1

Singapore = 1

UK = 1

Summary: 78% Canada

Between $500k to $1m = 42 sales

Canada = 36

USA = 4

UK =  2

Summary: 86% Canada

Under $500k = 74 sales

Canada = 66

USA =  5

HK = 2

Dubai = 1

Summary: 90% Canada

Overal Price Summary:

Highest = $5.6m

Lowest - $45k

Median = $575k

Total $ Volume = $137m.

Average = $833k.

To sum up, even with a below average snow season Whistler Blackcomb still had the best snow on the west coast of North America. There was a steady stream of destination visitors from the US, Asia, Uk, Australia and Europe. With the snowy end to the season, a strong US dollar and continued low mortgage interest rates we expect the balance of 2015 will continue to build on the trends we have seen over the past four years. For a more detailed report on a specific property type of interest please contact me.

                                        

Enjoy the Spring Season!

(Disclosure: All sales data is from the Whistler Listing System as of April 1, 2015. Time frame is from January 1, 2015 to March 31, 2015. Excludes ’Parking Stalls’, 'Timeshares’. City is 'Whistler.  E&O.E)