Pemberton Market Update: October 2017

Date Posted: October 18, 2017

Fall is a beautiful time to be in Pemberton, there is just something about the fall colours that add a little something extra to the stunning views.

Much like the real estate market in Whistler, Pemberton (and the surrounding area) continues to face a market constrained by a lack of available supply, despite the high demand. As a result, well priced properties are selling very quickly. This, in turn, has continued to place upward pressure on prices throughout the region and across all market segments.

Where are we now?

The imbalance between supply and demand has resulted in steadily increasing sales prices throughout Pemberton. Here is a closer look at the numbers by market segment:

  • Single-Family Homes: Median transaction value is now $760,000 (an increase of 16.9% since the end of 2016)
  • Townhomes: Median transaction value is now $479,000 (an increase of 17.1% since the end of 2016)
  • Condos: Median transaction value is now $345,000 (an increase of 32% since the end of 2016)

The Pemberton real estate market is a small one, therefore it is important to keep in mind that individual transactions can vary widely from the statistical averages.

What is to come?

Going forward through the remaineder of 207 we expect that market conditions will continue to be strong with continued upward pressure on prices.

With the successful sales of single-family lots at Tiyata, Sunstone Pemberton, the Benchlands, and The Pemberton Ridge, residents in Pemberton should expect to see a wave of construction as purchasers begin to build their dream homes. We can, nevertheless, expect that although many of these homes will be occupied by full-time, local families, some of them will certainly come to the market for resale (either as lots or once homes have been built).

It looks like Pemberton is sure to be a busy place for the foreseeable future. If you have been thinking of buying or selling, contact me any time to find out how the current real estate market will impact you.

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


Whistler Market Update: October 2017

Date Posted: October 18, 2017

Well, fall has officially arrived. The leaves are changing colour, the snow line is creeping down the mountain, and we have even had our first dusting of snow in Whistler Village. Despite what you may think, this is a great time to be in Whistler with plenty of events and activities still on offer, without the summer or winter crowds.

With the coming of October we are not over a third of the way through 2017 so it is time to take a step back and look at how the real estate market in Whistler has been performing.

Overall the third quarter continued similar trends to what we saw earlier in the year – a brisk pace of sales, lots of buyer interest, and a limited supply of listings for sale. As a result, we have seen a 13% drop in the total number of sales compared to one year ago and a 16% drop when compared to the previous quarter (April – June 2017). These decreases can primarily be attributed to the low number of properties being offers for sale, rather than to a drop in buyer interest. Despite these drops, it is also important to note that the market continues to move at an above average pace.

Where are we now?

Buyers continues to be interested in purchasing real estate in Whistler. This high demand, coupled with low supply levels, has continued to push prices upwards.

Breaking the numbers down, here is what we are seeing:

  • Single-Family Homes: Median transaction value is now $2.04 Million (an increase of 19% since the end of 2016)
  • Townhomes: Median transaction value is now $899,000 (an increase of 11% since the end of 2016)
  • Condos: Median transaction value is now $487,000 (an increase of 24% since the end of 2016)
  • Single-Family Lots: Median transaction value is now $1,295,000

As overall values rise, many buyers are shifting their focus towards higher priced properties. As a result, the luxury market (comprised of listings over $2 Million) currently makes up 13.5% of the total transactions occurring in Whistler (up from 13% last quarter).

Listings that are priced correctly continue to sell quickly and often with multiple offers. However, it must be noted that individual situations may vary widely from the statistical average due to the ‘micro’ nature of the various market segments in Whistler, as well as a range of other factors including building age, location, zoning, etc.

What is to come?

As with last quarter, the market conditions remain steady and we do not expect there to be any dramatic shifts in the months ahead. As we continue to deal with a low supply, high demand market, transaction numbers will continue to be restricted while prices rise.

The heightened interest in the resort as a result of the Vail purchase, as well as a predictable economic outlook and expectations for a great snow year, will continue to increase Whistler’s profile and, therefore, buyer interest in the resort.

If you have been thinking of buying or selling, contact me any time to find out how the current real estate market will impact you.

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


SOLD! 614 Spearhead Drive

Date Posted: October 2, 2017

A renovated condo in the Whistler Benchlands

Spacious renovated 1 bedroom top floor Marquise apartment with largest floor plan. Features include granite kitchen countertops, stainless steel appliances and stone fireplace. The Marquise is a concrete building with great amenities including pool, hot tub, sauna, exercise room and meeting rooms. Ski in/ski out trail across the street to Whistler/ Blackcomb and walking distance to Whistler Village shops and restaurants. Full time owner use permitted with nightly rental option. Call today to arrange a viewing!

Listed for $599,000 and sold $580,000 (97% of the asking price).

The Whistler real estate market is an ideal Seller’s Market. If you have been thinking of selling, this could be the right time.

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!


SOLD! 316 Four Seasons Resort

Date Posted: September 8, 2017

A luxurious Whistler Condo in the Benchlands

Whistler Condo Four Seasons Resort Real Estate Amber Mann

Enjoy the luxury of the exclusive Four Seasons Resort in Whistler. Ideally situated in the Benchlands, let the Four Seasons impress you with their 5-star amenities including a world-class spa, fine dining restaurant, pool area with spectacular mountain views, a health club, and more. The ski concierge service will take care of all your recreational desires with a free shuttle to the base of Blackcomb, which is only moments away. With a cozy wood interior, this 1 bedroom suite offers a gas fireplace, a private balcony, and an oversized bathroom with a deep soaker tub. The Four Seasons offers phase 2 ownership with two months of personal use per year and the opportunity to earn revenues at one of Whistler’s top revenue producing properties.

Listed for $439,000 and sold for full asking price.

The Whistler real estate market is an ideal Seller’s Market. If you have been thinking of selling, this could be the right time.

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!


The Benchlands Pemberton

Date Posted: September 7, 2017

Overlooking the Pemberton Valley and set among the evergreens, The Benchlands Pemberton is a residential development comprised of single-family home building lots with stunning views of Mount Currie. The lots benefit from a semi-private natural environment, while at the same time enjoying a location within close proximity to the downtown amenities.

Phase II of this development is now available. The lots are serviced and ready for building! If you are interested in finding out more, contact me today. All offers are being reviewed on September 14th.


Whistler & Pemberton Real Estate Market: August 2017

Date Posted: September 1, 2017

Summer has flown by! With a ton of events happening and amazing weather throughout July and August, the summer has been very busy. To wrap it all up, the long weekend could not have been better and both Pemberton and Whistler were abuzz with people out enjoying their last weekend before the kids went back to school.

Just like the corridor as a whole, the real estate markets in Whistler and Pemberton have been busy. The overall number of reported sales through August has remained steady and matched what we saw and July. However, the pace of sales continues to be slower than we saw at this time last year. The primary reason for this is the low number of properties available to sell. That said, as a result of low inventory levels we are continuing to see increasing sales values in many segments of the market. So, the drop in activity levels has been offset by appreciation in terms of the total value of the property changing hands.

Year-to-date for 2017, a total of 731 properties have changed hands (compared to 905 at the same time last year) in Whistler and Pemberton. In August alone, there were 81 transactions. Three were 78 in July and 108 in August 2016.

Whistler

The average value of a transaction in Whistler is currently sitting at $1,147,814 compared to $884,424 at the same time last year. The median value has increased from $594,000 to $738,000 as a result of a greater number of sales happening in the higher-end of the market.

Pemberton

In Pemberton, the average value of a transaction is currently sitting at $511,866 compared to $453,471 at the same time last year. The median value has increased from $362,500 to $435,000.

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


Introducing The Whistler Real Estate Company

Date Posted: August 31, 2017

The Whistler Real Estate Company Ltd. has been serving the real estate needs of Whistler and Pemberton since 1978.

Whistler is a special place, and that is why we are all here. We live and work in the community. We are volunteers. We are outdoor enthusiasts. We are community sponsors. We are business people. We are a proud independent brokerage that is locally owned and operated. We know Whistler inside, and out.


SOLD! 15 Alpine House

Date Posted: August 29, 2017

A brand new Whistler townhome

Completely rebuilt and just finished in June 2017, this is a brand new townhome in Whistler! Situated on the quiet end of the building, it is just steps from the Valley Trail and a short walk to Meadow Park and Whistler Secondary. The open plan living area is bright and spacious with large windows facing the covered deck, and a kitchen complete with brand new appliances and stone counter tops. With 2 bedrooms and 1 bathroom, this is an ideal starter home or investment property for long-term rentals. Alpine House offers a convenient Alpine Meadows location as well as on-site storage and easy access to public transit.

Listed for $729,000 and sold for 93% of the asking price.

“I would highly recommend Amber for your real estate needs. We have had her as our Realtor twice now and have had great, professional and knowledgeable service every time. Will call her again if needed.” – Seller of 15 Alpine House

The Whistler real estate market is an ideal Seller’s Market. If you have been thinking of selling, this could be the right time.

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!


JUST LISTED! 232 Town Plaza

Date Posted: August 23, 2017

A Fully Furnished Whistler Village Condo

$649,000

1 Bedroom   |   1 Bathroom   |   549 Sq.Ft.   |    Condo

Walk to everything the Village has to offer and enjoy living with all the adventrue at your finger-tips with this fabulous condo on the Village Stroll. The open floor plan is perfect for cozy nights in front of the fire or entertaining friends and family after a day on the slopes. Town Plaza allows for unlimited owner use as well as long-term or nightly rentals, giving you the ultimate flexibility. More >>


REDUCED! 204 Portage Station

Date Posted: August 14, 2017

NEW PRICE: $349,000

Was Listed at: $369,000

With an ideal location, this condo puts you in the heart of Pemberton so you can enjoy easy access to all the amenities and recreation options. This would be the perfect place to call home, or a fantastic investment property. More >>


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