There have been a total of 28 completed sales and 22 new listing in Whistler and Pemberton over the past 7 days.
There are 19 new listings to review in Whistler this week:
|3349 Peak Drive||Blueberry||Chalet||4 / 4.5||–||$3,995,000|
|23 Pinnacle Ridge||Benchlands||Townhouse||3.5 /3.5||–||$2,850,000|
|41 Fitzsimmons Walk||White Gold||Townhome||5 / 4.5||Phase I||$2,795,000|
|6435 Balsam Way||Whistler Cay||Chalet||3 / 3||1 Bed Suite||$1,699,000|
|7333 Toni Sailer Lane||White Gold||Chalet||1.5 / 1||–||$1,595,000|
|11 Forest Trails||Benchlands||Townhouse||2 / 2||–||$1,050,000|
|205 Greyhawk||Blueberry||Condo||2.5 / 2||–||$989,000|
|32 Snowridge||Nordic||Townhouse||2 / 2||–||$924,900|
|367 The Aspens||Benchlands||Condo||1 / 1||Phase I||$679,000|
|210 Tyndall Stone Lodge||Village||Condo||1 / 1||Phase I||$619,000|
|208 Wildwood||Benchlands||Condo||1 / 1||Phase I||$579,000|
|643 Four Seasons Resort||Benchlands||Condo||1 / 2||Phase II||$499,000|
|3-2150 Gondola Village||Whistler Creek||Townhouse||1 / 1||Phase I||$425,000|
|320 Alpenglow||Village||Condo||0.5 / 1||Phase II||$329,000|
|21B At Nature’s Door||Nordic||Condo||3.5 / 3.5||Tenth Share||$164,500|
|6G At Nature’s Door||Nordic||Condo||3.5 / 3.5||Tenth Share||$164,500|
|317B Evolution||Whistler Creek||Condo||1 / 1||Quartershare||$98,000|
|211/311 Village Gate House (Week 14)||Village||Condo||1.5 / 2||Timeshare||$22,000|
|219 Woodrun (Week 34)||Benchlands||Condo||2 / 2||Timeshare||$7,500|
This week, there are only 2 new listings in Pemberton to review:
Over the past 7 days there have been 28 completed sales. You can see them all here.
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Although buyer interest in Pemberton continues to grow, the Pemberton real estate market finds itself in a similar situation to that of Whistler – A limited supply of properties being offered for sale. So, although the number of transactions that have occured so far this year remains relatively consistent, values have risen across the board in all market areas.
As prices have risen throughout the Sea-to-Sky, many buyers have looked to Pemberton as an affordable alternative. Despite increasing values, this trend has continued and interest has increased for more affordable properties in the Village of Pemberton and surrounding areas, resulting in fast sales that are often under multiple offer situations.
Single-Family Homes: The current average transaction value in $715,000, as 12% increase since the start of the year.
Townhomes: Began the year with an average transaction value of $395,009 and now sit at $442,000.
Condos: Average transaction values have increase from $252,337 at the start of the year to $272,000.
Despite the fact that several new high and low density projects are expected to come to the market within the next 12 to 18 months, we expect that the real estate market will continue to favour sellers – at least for the short term. We also expect that prices will continue to rise through the coming months, tempered only by the affordability concerns that attract many buyers to the area.
Throughout the first quarter of 2017, market activity in Whistler remained fairly consistent with what we saw in the final quarter of 2016. However, it was well below what we witnessed for the first quarter of 2016. The primary contributing factor for this trend is the historically low inventory levels the market is currently seeing.
Due to the lack of properties for sale, the number of sales (and thus activity levels) has been substantially restricted despite the fact that we have not seen any drop in buyer interest. As a result, values have continued to trend upwards.
Through the first quarter of 2017, average transaction values in Whistler have increased to by over 13% since the start of the year and now sit at $1,025,323.
Single Family Homes: As buyer focus shifts more and more towards higher priced properties (due to lack of choices in the lower price ranges), this segment of the market has seen the greatest price gains. The current average transaction values now sits at $2,623,471.
Townhomes: The average value for a townhome in Whistler has risen from $947,000 at the end of 2016 to $1,062,000.
Condos: Currently sitting at $485,390, condos have also seen a sharp rise in average values.
Luxury Properties: So far this year, 12% of all the transactions that have occurred have been over the $2 Million ‘luxury threshold’.
For the coming months, we can expect that the combination of low supply and high demand will continue to drive market trends – impacting both activity levels and prices.
Despite a somewhat unpredictable political environment both internationally and locally, general and local economic conditions suggest continued buyer/investor confidence. Whistler’s strong tourism programs, combined with Vail Resorts name recognition will insure continued interest in the area.
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Over the past 7 days were have seen 23 completed sales and 21 new listings in Whistler and Pemberton.
Here are the 15 new listings in Whistler this week:
|3242 Archibald Way||Alta Vista||Chalet||4 / 4.5||1 Bed Suite||$3,695,000|
|42 The Gables||Benchlands||Townhouse||2.5 / 2||–||$1,499,000|
|9262 Emerald Drive||Emerald Estates||Chalet||2 / 2||–||$1,199,000|
|2605 Callaghan Drive||Bayshores||Duplex||3 / 2.5||–||$995,000|
|130 Greyhawk||Blueberry||Condo||2 / 2||Phase I||$899,000|
|306 Powderhorn||Benchlands||Condo||2.5 / 2||Phase I||$830,000|
|545 The Aspens||Benchlands||Condo||1 / 1||Phase I||$649,900|
|207 Nordic Court||Nordic||Condo||2 / 1||Employee||$495,000|
|512 Alpenglow||Village||Condo||1 / 1||Phase II||$459,000|
|D104 Tamarisk||Whistler Creek||Condo||1 / 1||–||$449,000|
|318 Market Pavilion||Village||Condo||0.5 / 1||Phase I||$419,000|
|4409 Pan Pacific Village Centre||Village||Condo||1 / 1||Phase II||$399,000|
|309 Alpenglow||Village||Condo||0.5 / 1||Phase II||$340,000|
|207B Evolution||Whistler Creek||Condo||1 / 1||Quartershare||$91,000|
|130 Northstar||Village||Condo||2 / 2||Timeshare||$13,500|
There are 6 new listings in Pemberton to take a look at:
Over the past 7 days there have been 23 completed sales. You can see them all here.
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