JUST LISTED! 314 Aspens

Date Posted: May 8, 2019

A quiet suite in one of the best ski-in/ski-out locations in Whistler

 

Living room with a three seater sofa, armchair and ottoman in front of a gas fireplace, two large windows with trees outside

 $749,000

Beds: 1   |   Baths: 1   |   Size: 590 Sq.Ft.   |    Type: Condominium

This quiet 1 bedroom suite features an updated bathroom, and a gas fireplace perfect for cozy evenings after a day on the slopes. The Aspens is a popular complex and it’s easy to see why; situated right on the slopes of Blackcomb, there is access to ski rental, ski/bike storage, secure underground parking, and not to mention the free ski valet. There is also a choice of three hot tubs, a heated year-round swimming pool, and health club to meet your rest, relaxation, or workout needs. Being a Phase I property, you can live in the suite full time or take advantage of nightly rental revenues. Strata fees include hydro, cable, and internet.

See the photos & find out more here.

 

 


JUST LISTED! 10 Baseline

Date Posted: April 30, 2019

A beautifully updated Townhome in a convenient Creekside location

 

 $1,599,000

Beds: 3.5   |   Baths: 2.5   |   Size: 1,855 Sq.Ft.   |    Type: Townhouse

Just across the highway from the Creekside gondola, this 3.5 bed/2.5 bath townhome boasts vaulted ceilings, floor-to-ceiling windows, and a cozy wood-burning fire for cozy winter evenings. The updated kitchen, open layout and spacious bedrooms make this a great space for families and guests, and the double car garage and large mud room will meet all your storage needs. Nestled in a great location, shops, restaurants and Alpha Lake are all just a short distance away.

See the photos & find out more here.

 

 


JUST LISTED! 121 Greyhawk

Date Posted: April 19, 2019

A beautifully renovated condo in a prime Whistler location

 

 $1,049,000

Beds: 2   |   Baths: 2   |   Size: 1,185 Sq.Ft.   |    Type: Condo

Located in prestigious Blueberry Hill, this bright and airy, open plan condo offers a versatile space in a prime Whistler location. Positioned above the Whistler Golf Course its private and quiet location provides the perfect launching point for your Whistler lifestyle within walking distance of the Village and Alta Lake. You can live here full-time, enjoy it as a weekend getaway, or earn revenues through nightly rentals.

See the photos & find out more here.

Listed: April 2019


Pemberton Market Update: April 2019

Date Posted: April 19, 2019

2019 QUARTER 1 REVIEW

Similarly, to quarter 4 of 2018, the first three months of 2019 have seen transaction values continue to rise in Pemberton as the number of buyers outweighs the amount of properties coming on the market. Overall sales activity remains low in comparison to the height of the market at the end of 2017 and beginning of 2018; however, more and more families and first-time buyers are turning to Pemberton to find a place to call home. As a result of this shift, single-family homes and condos are proving to attract the most buyer interest.

The average transaction value for a property in Pemberton is $518,800; not far from the average at the beginning of 2019, but a 6% increase year on year. Pemberton is a small marketplace, and although the number of properties coming onto the market is gradually increasing, the choice for buyers remains somewhat limited.

Breaking the numbers down a little more:

  • Single-Family Homes: current average sale value $997,857
  • Townhomes: current average sale value $586,500
  • Condos: current average sale value $375,900

With stricter rules being implemented around mortgages and financing, buyers are facing additional challenges leaving many unable to purchase a home. Despite these challenges, interest in the Pemberton area remains high and is supporting values.

Consistent with previous quarters, average time on the market for a property in Pemberton is 60-90 days, which indicates it is experiencing a balanced market. It should be noted that well priced listings are selling more quickly, and often receive multiple offers.

WHAT WE EXPECT MOVING FORWARD

Over the coming months we can expect to see Pemberton undergo a vast transformation – starting in spring and continuing into summer, construction will begin to create many new homes in a number of subdivisions, and several new medium density developments. Key upgrades will also be applied to the infrastructure and general aesthetics of the Village area.

A unique place, Pemberton boasts a beautiful and relaxed rural community while continuing to be the most affordable area in the Sea-to-Sky corridor.

If you are curious about what your home is worth in today’s market, or if you are wondering how to be successful as a buyer in this market, or even if you are just looking to stay up-to-date on the current market trends, contact me and I will be happy to discuss the current market with you and how you can accomplish your real estate goals.

*All stats deemed to be accurate and taken from the Whistler Listing System, April 2o19


Whistler Market Update: April 2019

Date Posted: April 17, 2019

2019 QUARTER 1 REVIEW

With temperatures becoming milder and the first signs of spring just around the corner, it’s time to review how the Whistler real estate market has been performing throughout the first quarter of 2019.

During the first three months of 2019 the Whistler area has maintained a similar level of sales activity to that of the last quarter of 2018. However, these numbers are considerably lower than the levels experienced during the peak of the market towards the end of 2017 and beginning of 2018.

Consistent with most parts of British Columbia, overall sales have fallen by approximately 45% when compared year-on-year to quarter 1 of 2018. Surprisingly, in spite of the decline in sales, the overall value of sales was $165 million, an increase of approximately 10% from quarter 4 of 2018. Receiving a comparable percentage increase are average transaction values, which have risen to $1,312,000.

Breaking the numbers down a little more:

  • Single-Family Homes: experienced an increase in average sales values by 2%
  • Condos: experienced an increase in average sales values by 9%

In comparison to their performance over the last quarter of 2018, single-family homes and condominiums are on the rise, proving to be the strongest markets during the first quarter of 2019.

Limited inventory has resulted in a slowdown in the townhome market, and average sales values remain consistent with the last quarter of 2018, in addition to the same period one year ago.

What We Expect Moving Forward

Overall the number of properties available for sale is continuing to rise, but still remains low compared to previous years. A typical listing is on the market for approximately 60-70 days, which is consistent with previous quarters. This also indicates that buyers remain active in the local marketplace.

Unlike most urban markets, supply and demand within Whistler is largely driven by discretionary decisions, and as a result the Whistler market often follows different trends to that of surrounding regional marketplaces.

In summary, Whistler is currently experiencing a balanced market, but variances are to be expected – multiple offers on well-priced, well-located or unique properties should not come as a surprise.

If you are curious about what your home is worth in today’s market, or if you are wondering how to be successful as a buyer in this market, or even if you are just looking to stay up-to-date on the current market trends, contact me and I will be happy to discuss the current market with you and how you can accomplish your real estate goals.

*All stats deemed to be accurate and taken from the Whistler Listing System, April 2o19


MLS Medallion Club Awards

Date Posted: March 6, 2019

I would like to take a moment to thank all my 2018 clients. It is because of you that I am so honoured to once again be awarded with the MLS Medallion Club Award for 2018. This year’s award makes 2018 my 5th year qualifying!

The Medallion Club Awards are annual acknowledgements given by the Greater Vancouver Real Estate Board in recognition of the accomplishments of its top producers. In order to become a Medallion Club member, you must be in the top 10% of all board members in terms of your combined listings, sales, and dollar volume for that year.

Thank you so much to all of my clients, co-workers, family, friends and supporters –  I could not have accomplished this without you and I am truly grateful.


JUST LISTED! 6307 Lorimer Road

Date Posted: January 28, 2019

A lovely family home nestled in Whistler Cay

 $2,099,000

Main Home: 4 Bed, 1.5 Bath   |   Suite: 1 Bed, 1 Bath   |   1,8383 Sq.Ft.   |    Single-Family Home

Surrounded by beautiful perennial gardens and a flat backyard this lovely family home places all of Whistler at your doorstep. The Village is just a short walk or bike away and you are in close proximity to the trails that will take you to Alta Lake or Meadow Park. A flexible floor plan allows you to enjoy a 5 bedroom, 2.5 bathroom home with an extra living space or take advantage of having a 1 or 2 bedroom suite.

See the photos & find out more here.

Listed: January 2019


2018 Whistler Real Estate Company Awards

Date Posted: January 23, 2019

Every January, The Whistler Real Estate Company acknowledges the achievements and performance of its top agents. The company grants 4 award levels (Diamond, Platinum, Gold, and Silver) that are determined based on an agent’s total dollar volume of sales and/or the total number of sales for the previous year.

For 2018, I am so honoured and thankful to have received a GOLD level award. I would like to take this time to extend my most heartfelt gratitude to everyone who has helped me achieve such great success – from my outstanding clients to my supportive family and friends. This past year was a busy one for me and it is due to the support of my clients, family, friends and co-workers that I have been honoured with these awards.

My previous awards include: Silver (2011), Gold (2013), and Platinum (2014, 2016 & 2017).

 


Pemberton Market Update: January 2019

Date Posted: January 17, 2019

It has been a busy year for real estate in Pemberton so what does this mean for the local market and what can we expect moving forward through 2019?

2018 Year in Review

Over the course of 2018, the real estate market in Pemberton continued to follow much the same course as was established through 2017. As the year progressed, activity levels returned from the peaks of 2016/17 to levels that are more typical of what we would expect based on historical data. As interest rates increased and new mortgage rules came into effect and impacted the costs of ownership, the second half of the year demonstrated a noticeably slower marketplace as compared to the first 6 months of 2018. It is important to note that these changes served to dampen real estate markets and buyer enthusiasm across the board – nationally and regionally as well as locally.

The real estate market in Pemberton continues to attract recreational enthusiasts, first-time buyers, investors, and those looking for family living at prices no longer attainable in Whistler. Due to the limited opportunities that were available through 2018, this demand resulted in an overall 7.1% increase in average transaction value for property in Pemberton throughout the course of the year.

Breaking the numbers down a little more:

  • Single-Family Homes: Average sale value increased 9.8% to $897,096 over 2017 (with a number of sales exceeding $1 Million)
  • Towhomes: Average sale value increased 22.8% (to $588,561) over 2017
  • Condos: Average sale value increased 13% (to $378,459) over 2017

Acreages and homes with acreages continued to remain of interest to high net worth individuals, a new generation of agricultural enthusiasts, and families taking advantage of the real estate markets in Vancouver and Whistler. The strongest buyer interest, however, continues to be in affordable properties (specifically condos and townhomes) that appeal to young families and first-time buyers.

Through the course of the year, Pemberton has been a hive of activity with several new developments getting underway and continuing to attract attention. Local builders and trades can expect a busy year ahead based on the sales activity on single-family building lots within the community. With several condo and townhome developments also on offer, buyers of real estate in Pemberton will have the option to consider newly-built properties of all types (and all the benefits that accompany them), unlike buyers of real estate in Whistler.

This activity extended into the commercial sector with a lot of growth and construction occurring in the Pemberton Industrial Park as new businesses decide to own their place of work rather than operate as a tenant.

What We Expect Moving Forward

With the number of properties available for sale slowly on the rise and strong buyer interest in the community, we expect sales activity in Pemberton to make a return to more balanced levels as we move forward through 2019. We also expect that as we reach that point of balance, further price appreciation will become more subdued.

With several considerations in the books and on the horizon, including:

  • Interest rate changes
  • New mortgage financing rules
  • The future of affordable housing in Whistler (and new developments in Squamish)

we anticipate the buyers of real estate in Pemberton will proceed with caution and, as a result, sellers can expect their properties to spend longer on the market than was experienced in the recent past. Going forward, effective pricing will be the key to success for sellers and there will continue to be strong buyer interest in Pemberton real estate for properties that are well priced.

If you are curious about what your home is worth in today’s market, or if you are wondering how to be successful as a buyer in this market, or even if you are just looking to stay up-to-date on the current market trends, contact me and I will be happy to discuss the current market with you and how you can accomplish your real estate goals.

*All stats deemed to be accurate and taken from the Whistler Listing System, January 2o19


Whistler Market Update: January 2019

Date Posted: January 17, 2019

With 2019 well underway, it is time to take a look at what has been happening in the local Whistler real estate market and how the trends of 2018 may impact where we go from here as we move forward through the new year.

2018 Year in Review

Over the course of 2018, the real estate market in Whistler continued to follow much the same course as was established in 2017. As the year progressed, the number or transactions began to decrease as the market slowed. The rapid pace of sales began to dwindle and many sellers found that their properties were staying on the market longer. This trend started slow at the beginning of the year and accelerated somewhat through the second half of 2018 as a result of rising interest rates, changes to mortgage approval rules, and a combination of government policies and taxes that had an impact on buyer enthusiasm.  Combined, these factors resulted in overall slowdowns in real estate markets regionally and nationally, not just in Whistler.

Although down 26% from 2017, overall real estate activities (number of transactions) that occurred in 2018 remained consistent with the levels achieved prior to the peak of the current market cycle (in 2015 to 2017). Suggesting a return to more ‘normal’ levels of market activity. Meanwhile, 2018 demonstrated an 18.2% decrease in the total value of transactions that occurred (at $828 million) as compared to the previous year.

Despite an overall cooling of the market, overall values continued to increase with the average transaction value for a property in Whistler sitting at $1,250,168 at the end of 2018 (a 7.5% increase from 2017). The greatest price appreciation was seen in the medium density market segments. Interest was particularly high for family oriented accommodation (large townhomes and single-family homes) although scarcity of supply and high price points mitigated the amount of demand. Condos and townhomes that offered opportunities for short-term rentals (especially those located close the the Village and/or slopes) were also in very high demand.

It is also important to note that as the market slowed, the number of properties available for sale increased from the historical lows we witnessed at the start of the year. This means that there are more options for Buyers and potentially more competition for Sellers.

Breaking the numbers down a little more:

  • Single-Family Homes: Average sale value increased 2.5% over 2017
  • Towhomes: Average sale value increased 33% (to $1,526,168) over 2017
  • Condos: Average sale value increased 11% (to $664,390) over 2017

Combined, condo and townhome sales accounted for 67% of the total transactions and 56% of the total transaction value in 2018 – making them a critical portion of the local real estate market. Especially as increased international awareness (due to the Vail purchase) as well as significantly increasing overnight guest numbers continue to bring interest from traditional real estate investors and those looking to enjoy the “Whistler Lifestyle” while offsetting some of their ownership expenses.

In 2018, the luxury real estate market (properties listed at over $2 Million) accounted for 119 transactions with an average transaction value of $3,363,000. While the number of transactions remained very consistent with 2017, the average value is down slightly. Overall, these sales account for 18% of all transactions and about 48% of the total transaction value.

In Whistler, buyers will now find that many listings are priced at over $1,000 per square foot. This places our local real estate market on par with most of the other elite ski resorts in North America; however, when the exchange rate is taken into consideration, we remain good value from an international perspective.

What We Expect Moving Forward

Going forward through 2019 we expect to find ourselves in a more balanced marketplace with levels of activity remaining consistent with historical levels. We also anticipate the price appreciation will be more subdued as the market adjusts to more sustainable levels. That said, it is still possible that some properties will still surprise due to pent-dup demand for specific locations and types remains.

Going forward, buyers will continue to buy and sellers will continue to sell. Supply and demand will direct pricing in the year ahead and there will continue to be strong buyer interest in Whistler properties, especially those that are well priced and/or unique.

If you are curious about what your home is worth in today’s market, or if you are wondering how to be successful as a buyer in this market, or even if you are just looking to stay up-to-date on the current market trends, contact me and I will be happy to discuss the current market with you and how you can accomplish your real estate goals.

*All stats deemed to be accurate and taken from the Whistler Listing System, January 2o19


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