This Week in Whistler Real Estate: January 23 – 29

Date Posted: January 30, 2017

Over the past 7 days we have seen a total of 34 new listings in Whistler and Pemberton. During the same period, there were only 3 completed sales.

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New Whistler Real Estate Listings

There are 29 new listings in Whistler this week.

Phase II of the new WedgeWoods development was released onto the market this week making up for 14 of this week’s new listings. The remaining 15 new listings are:

Address Area Type Beds/
Baths
Other List
Price
Parkhurst Emerald Estates Vacant Land 199.93 Acres $7,995,000
9233 Lakeshore Drive Emerald Estates Chalet 3.5 / 2.5 $3,495,000
5 Baseline Whistler Creek Townhouse 3.5 / 2.5 $1,700,000
10 The Bluffs Nordic Townhouse 2 / 2 Phase I $995,000
406 Carleton Lodge Village Condo 1 / 1 Phase I $849,000
333 Town Plaza Village Condo 2 / 2 Phase I $798,000
7 Whistler Highlands Nordic Townhouse 2.5 / 1 $779,000
9 Highpointe Whistler Creek Condo 0.5 / 1 Employee $439,000
6603 Pan Pacific Whistler Village Centre Village Condo 1 / 1 Phase II $359,000
255 Four Seasons Resort Benchlands Condo 0.5 / 1 Phase II $279,000
318 Four Seasons Resort Benchlands Condo 0.5 / 1 Phase II $279,000
353 Four Seasons Resort Benchlands Condo 0.5 / 1 Phase II $260,000
2J At Nature’s Door Nordic Townhouse 4 / 4.5 Tenth Share $150,000
531D Legends Whistler Creek Condo 2 / 2 Quartershare $145,000
324C Legends Whistler Creek Condo 2 / 2 Quartershare $123,000

New Pemberton Real Estate Listings

This week there are 5 new listings in Pemberton:

  • 7451 Aspen Boulevard – A centrally located 3.5 bedroom single-family home. Listed at $749,000.
  • 7577 Taylor Road – A 3 bedroom home on half an acre close to town. Listed at $629,000.
  • 37 Creekside Village – A 2 bedroom townhome across from One Mile Lake. Listed at $389,000.
  • 13 Mountain Trails – A 2 bedroom townhome near the elementary school. Listed at $279,000.

 

Whistler & Pemberton Real Estate Sales

Over the past 7 days there have been 3 completed sales. You can see them all here.

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Annual Whistler Real Estate Company Awards – 2016

Date Posted: January 26, 2017

Each year The Whistler Real Real Estate Company Ltd. awards its top producers (in terms of dollar volume and number of sales) with their ‘Peak Performers Award’.

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For 2016, I am honoured to have achieved a Platinum level. Thank you to all my clients for supporting my business and thanks to my awesome assistant Jess for all her hard work in the back end – I couldn’t do it without her!

 

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Pemberton Real Estate Market: 2016 Year-In-Review

Date Posted: January 17, 2017

For Pemberton, 2016 was a record breaking year. Recreational enthusiasts, first time home buyers, investors, and those looking for a return to a country lifestyle flocked to the area as a result of increased awareness, affordability/value, and the relaxed rural lifestyle. As a result, the local real estate market experienced a 60% increase in activity levels and a 5.1% increase in average transaction value over 2015.

All segments of the local market experienced significant increases in average prices. However, the strongest buyer interest continued to be in condominiums and townhomes. The affordable prices of these properties draw many young families and first-time buyers who have been priced out of the Whistler and Squamish markets.

A Closer Look At the Numbers

  • Single Family Homes: Average values rose 18.6% to $640,368.
  • Townhomes: Average values rose 24.2% to $395,009
  • Condominiums: Average values rose 13.5% to $252,337

Acreages and estate homes also continued to garner high interest although the sample size of sales is too small to draw any meaningful conclusions.

New Development

In 2016, work began at the new singly-family subdivisions at Tiyata and Pemberton Ridge. Both new areas have been enthusiastically embraced by the market.

In addition, a purpose-driven rental building of 40 units and a 35 unit condo building at Crestline are now underway with scheduled completion in 2017/2018. Thus infusing the market with new product.

Looking Forward to 2017

The Pemberton real estate market continues to be restricted by a lack of inventory with the number of properties available for sale at historically low levels in all market segments. This, combined with continued buyer interest, will result in ongoing upward pressure on prices.

Although interest rates and new mortgage financing rules may impact future activity, until these possible issues before more defined, we expect the a bright future for Pemberton real estate throughout 2017.

The real estate market inPemberton is small and dynamic. If you have any questions about how the state of the market may impact your decision to buyer or sell, or if you have any other questions about real estate in Pemberton contact me. Staying up-to-date in our highly dynamic market is key to making the best real estate decisions, whether you are buying, selling, or contemplating.

 *All stats deemed to be accurate and taken from the Whistler Listing System, January 2017


This Week in Whistler Real Estate: January 9 – 15

Date Posted: January 16, 2017

Over the past 7 days we have seen a total of ? completed sales and 26 new listings in Whistler and Pemberton combined. This is more new listings in a week than we have seen in some time.

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New Whistler Real Estate Listings

There are 23 new listings in Whistler this week including:

These listings range in price from a beautiful 5 bedroom single family home in Blueberry for $8,499,000 to a lodge-style Phase II studio condo at the Coast Blackcomb Springs for $125,000.

New Pemberton Real Estate Listings

This week there are only 3 new Pemberton listings to share:

  • 7733 Owl Ridge Road – A 4.5 bedroom home on over 5 acres in Owl Ridge. Listed at $1,499,000.
  • 7384 Laurel Street – A centrally located 3 bedroom home in the Glen. Listed at $610,000.
  • 12 Chelsea Place – A 3 bedroom townhome with a fenced backyard. Listed at $328,000.

 

Whistler & Pemberton Real Estate Sales

Over the past 7 days there have been 19 completed sales. You can see them all here.

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Top Picks in Whistler Real Estate

Date Posted: January 15, 2017

Here is a summary of my current top picks in Whistler real estate:

Address Area Type Beds/
Baths
Other List
Price
9302 Emerald Drive Emerald Estates Chalet 4 / 5 1 Bed Suite $1,969,000
7291 Spruce Grove Lane Spruce Grove Chalet 3 / 3 $1,899,000
9496 Emerald Drive Emerald Estates Chalet 3 / 3 $1,699,000
6431 Balsam Drive Whistler Cay Chalet 3 / 2 2 Bed Suite $1,690,000
34 Red Sky Rainbow Townhouse 3.5 / 3.5 $1,559,000
2012 Alpha Lake Village Whistler Creek Duplex 2.5 / 4 2 Bed Suite $1,450,000
74 Eagle Ridge Whistler Cay Townhouse 3 / 2 $995,000
12 The Glades Spring Creek Townhouse 3 / 2.5 $995,000
5 Timber Ridge Bayshores Townhouse 2 / 1.5 $599,000
226 Marketplace Lodge Village Condo 1 / 1 Phase I $469,000

 


Whistler Real Estate Market: 2016 Year-In-Review

Date Posted: January 11, 2017

In 2016, the real estate market in Whistler experienced one of the most active years to-date and showed a 22% increase in number of transactions over 2015. This activity, paired with low inventory levels, resulted in significant increases in prices in almost all segments of the market. The overall average price of a transaction reached $901,765 (a 12% increase over the $801,894 average of 2015). This, in turn caused the value of all transactions completed in 2016 to reach over $1 Billion.

Buyer interest in Whistler real estate reached a peak in the first 6 months of the year as a result of low interest rates, strong regional economies, favorable exchange rates, and a record breaking number of people visiting the community. As a result, the first half of 2016 was stronger than the second half of the year.

A Closer Look At The Numbers:

Larger, family-oriented properties (single family homes and townhomes) experienced the highest level of interest and therefore saw the greatest rates of appreciation. Meanwhile, the condominium market experienced the highest number of sales through the course of 2016.

  • Single-Family Homes: Average values rose by 32% from $1,697,000 in 2015 to $2,252,000 in 2016.
  • Townhomes: Average values rose by 24% from $764,000 in 2015 to $947,000 in 2016.
  • Condominiums: With almost 400 reported sales, average values rose by 11.7% over 2015.
  • Shared Ownership: Also showed double digit improvements in both average values and number of transactions.
  • Luxury Properties (over $2 Million): With a total of 83 properties changing hands, average values increased to $3,524,000 (a 13% increase over 2015).

The sale of condominiums and townhomes made up 65% of the transactions that occurred in the Whistler marketplace in 2016 and as a result, 70% of all Whistler transactions occurred below the $1 Million price point.

Although Whistler is often thought of as a ‘luxury market’ these sales represent only 8% of the total transactions that occurred in 2016. That said, their high average transaction values means that this relatively small percentage of sales make up over 28% of the total market value.

Looking Forward to 2017

As 2017 gets underway, the current real estate market in Whistler is comprised of a historically low level of inventory (properties being offered for sale) in almost all market segments. As a result, we expect activity levels (number of sales) to drop despite continued buyer demand. This, in turn, will pressure prices upward.

That said, there are a number of factors which could temper local market factors including the unpredictable influence of a number of expected changes in external circumstances such as:

  • Interest rates
  • Government and financing regulation
  • An expected retreat in Vancouver real estate values
  • Uncertainty about the impact of a Trump presidency
  • Upcoming provincial elections

The bottom line is that through 2017 we expect supply to be limited and this, in hand with buyer demand, will direct pricing. Buyers will continue to buy and sellers will continue to sell.

The real estate market in Whistler is a unique and nuanced marketplace. If you have any questions about how the state of the market may impact your decision to buyer or sell, or if you have any other questions about real estate in Whistler contact me. Staying up-to-date in our highly dynamic market is key to making the best real estate decisions, whether you are buying, selling, or contemplating.

 *All stats deemed to be accurate and taken from the Whistler Listing System, January 2017


This Week in Whistler Real Estate: January 2 – 8

Date Posted: January 9, 2017

Over the past 7 days we have seen a total of 21 completed sales and 16 new listings in Whistler and Pemberton combined.

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New Whistler Real Estate Listings

There are 14 new listings n Whistler this week:

Address Area Type Beds/
Baths
Other List
Price
5472 Stonebridge Drive Stonebridge Vacant Land 1.25 Acres $3,950,000
1593 Tynebridge Lane Spring Creek Chalet 4 / 2.5 1 Bed Suite $2,795,000
9496 Emerald Drive Emerald Estates Chalet 3 / 3 $1,699,000
30 Forest Trails Benchlands Townhouse 2 / 2 Phase I $1,150,000
66 Garibaldi Drive Black Tusk Chalet 4.5 / 2 $1,049,000
17 Eaglecrest Bayshores Townhome 4 / 2 Employee $669,000
226 Marketplace Lodge Village Condo 1 / 1 Phase I $469,000
202/204 Hilton Whistler Village Condo 2 / 2 Phase II $369,000
3-2251 Gondola Village Whistler Creekside Townhouse 1 / 1 Phase I $369,000
460/462 Hilton Whistler Resort Village Condo 2 / 2 Phase II $259,000
852 The Westin Resort Village Condo 0.5 / 1 Phase II $255,000
253 Hilton Whistler Resort Village Condo 0.5 / 1 Phase II $149,000
167 Hilton Whistler Resort Village Condo 0.5 / 1 Phase II $145,000
219C Legends Whistler Creek Condo 1 / 1 Quartershare $88,000

New Pemberton Real Estate Listings

This week there are 2 new listings in Pemberton:

 

Whistler & Pemberton Real Estate Sales

Over the past 7 days there have been 21 completed sales. You can see them all here.

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SOLD! 434B & 438C Legends

Date Posted: January 6, 2017

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434B Legends

The Legends is a popular complex for its convenient year-round location that could not be closer to the Creekside Gondola and amenities. It also puts you within minutes of Alta Lake and the Valley Trail. This 2 bedroom and den suite is situated on the quiet side of the building and offers a spacious, open floor plan with a full kitchen, in-suite washer/dryer, and deck perfect for relaxation. The Legends offers plenty of storage, an outdoor pool and hot tub, an exercise room, and recreation / media facilities. As a quartershare property, owners can take advantage of unlimited use during their weeks, rent them out, or trade them through the resort2resort exchange program.

Sold for $145,000 – Achieving 91% of the asking price.

438C Legends

Absolutely one of the best units in the Legends! This bright spacious 3 bedroom quartershare property is located at the end of the building looking at the ski out on Whistler Mountain’s famous Dave Murray Downhill! The Legends is a perfect summer and winter family getaway offering a beautiful pool, hot tub & bbq area, games room, playroom, movie theatre, underground parking and ski/bike lockers. It is only steps to Creekside Gondola, shopping and restaurants. Strata fee includes maintenance, taxes & utilities and 2 underground parking stalls..

Sold for $227,500 – Achieving 95% of the asking price.

“Amber was very professional, timely and our overall experience was seamless. We were very happy with her services as our realtor.” Seller of 434B Legends & Buyer of 438C Legends

If you are curious about your home’s value in today’s market, want more information about this sale or similar listings, or if you would like an update on market conditions, contact me today!

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SOLD! 430 Coast Blackcomb Springs

Date Posted: January 4, 2017

A 1 bedroom condo on Blackcomb Mountain

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Located high on Blackcomb Mountain, this 1 bedroom suite comes fully furnished and equipped with a full kitchen, in-suite laundry, a gas fireplace, and a private balcony. The Coast Blackcomb Springs offers full hotel amenities and services with concierge, outdoor pool with 2 hot tubs, a gym, and a ski-in/ski-out location. What better than to own your own hotel suite with all the services you enjoy and full management of your property when you are not there?

Sold for $165,000 – Achieving 92% of the asking price.

There is demand for Phase II properties in the Village. We are currently experiencing the strongest seller’s market we have seen since 2008.

If you are curious about your home’s value in today’s market, want more information about this sale or similar listings, or if you would like an update on market conditions, contact me today!