The Whistler Real Estate Market is a tough market for buyers. The successful buyers have wrapped their head around the market value based on supply and demand. It is important to have a successful agent during this process. Being prepared will help you succeed in time like this. You never know when the perfect property for you will pop onto the market. Be ready to pull the trigger at any moment.
Check out my new listings here, and the rest of my January stats here. This past week’s new listings, completed sales and price adjustments for the period March 17th, 2021 to March 23rd, 2021 can be viewed below:
New to Market 21 Click Here
Sold 6 Click Here
Price Adjusted 3 Click Here
If you are considering buying or selling a property in the near future or just have questions on the Whistler Market Update, please feel free to contact me. Equally, if you would like more information on market conditions in Whistler and Pemberton, or have other real estate related questions, please contact me. Moreover I would be happy to discuss how we can achieve your goals for a Whistler purchase or sale.
I look forward to hearing from you, and hopefully seeing you in Whistler!
NICK SWINBURNE,
Personal Real Estate Corporation
Engel & Völkers Whistler
(604) 932 8899
2020 was a record breaking year for real estate in Whistler. It would have been difficult to predict in March how much buyer demand we would see for resort real estate through the remainder of the year. Motivated by wanting space to breath and the ability to work and educate from home, there was an exodus from urban areas to rural and resort towns.
- 2020 saw just over $1.1Billion in sales volume in Whistler resort. 2017 was the only other year in the history of the resort where volume just crested over the $1B mark.
- We saw 730 sales in 2020 compared to 560 in 2019. This represents a 30% increase.
- Single family homes led the charge; there were 148 sales in 2020 compared to 92 sales in 2019. This represents a 60% increase.
- Median home sale prices also increased, seeing a 9.4% increase to $2.44M in 2020 compared to $2.23M in 2019.
- Townhouses saw a 48% increase in the number of sales in 2020; 253 sales compared to 170 sales in 2019.
- Median sales price for townhouses stayed fairly constant; $1.23M in 2020 compared to $1.18M in 2019. This represents a 4% increase.
- Condos saw a 10% decrease in the number of sales in 2020 compared to 2019. 2020 saw 194 sales and 2019 saw 216 sales.
- 2020 condo median sale values were up 16% to $675,000 from their 2019 values of $580,000.
As 2021 begins, the trend continues with lack of available inventory being the biggest challenge facing buyers. While difficult to predict, I expect we will see more inventory come to the market in the spring, but potentially at higher price points. Lending rates are low, the resort has a small and fixed amount of inventory but demand continues to grow. The market here tends to move up quickly in value but takes a longer time to come down and now is an excellent time to be making the move into the market. If you already own in Whistler, now is a very good time to be looking to upsize or downsize.
If you would like more information on some of the real estate opportunities that exist in the Whistler resort, please contact us today.
Wishing you and yours a happy and healthy 2021,
Nick
© Nick Swinburne Personal Real Estate Corporation. Jan. 30 2021. Source: Whistler Listing Service. While the Information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the Information.
