Whistler Real Estate Market activity through the first six months of 2011 continued to maintain the steadily improving trend experienced since the beginning of 2010. The total value of sales was approximately 189 million dollars year-to-date, compared to 180 million one year ago. The total number of properties sold has increased approximately 17 per cent from a year ago, with the largest increase in activity in the townhouse and condominium sectors.
Average values continue to maintain with the mean value for a single-family home being $1.1 million, a condominium at $305,000, and a townhouse at $622,000. In all cases, average values are higher than median values, indicating that the largest amount of activity is in the lower-priced properties. There continues to be a large number of properties for sale limiting price movement and buyers continue to have the advantage at the negotiation table. Price and good value are the key determinants to selling success. Based on the current volume of transactions and the number of properties for sale, we expect the market to continue to operate within the parameters we are currently experiencing for at least 12 months.