Pemberton Market Update: October 2018

Date Posted: October 23, 2018

2018 Quarter 3 Review

Similar to the other communities in the Sea to Sky, the real estate market in Pemberton was noticeably slower through the third quarter of 2018 than was experienced in 2016 or 2017. Despite lower activity levels, strong levels of buyer interest continued to support price appreciation resulting in a 15% increase in overall average sales value for property in Pemberton since the start of the year.

The slowing of the Pemberton real estate market can be attributed to two primary factors. First, government policy has impacted interest rates and affordability. Second, several years of increasing valuations and limited supply of affordable options has slowed sales activity.

Breaking the numbers down a little more:

  • Single-Family Homes: Average sale value has increased 13% since the start of the year and now sits at $925,000
  • Towhomes: Average sale value has increased 21% since the start of the year and now sits at $584,540
  • Condos: Average sale value has increased 14% since the start of the year and now sits at $383,287

What We Expect Moving Forward

We are hopeful that several new housing projects will mitigate the lack of choice which is now a defining characteristic of the Pemberton marketplace.New offerings at Crestline, Sunstone and Orion will provide a significant amount of medium density housing, while new single-family homes will be available at Tiyata, Sunstone and The Ridge. However, it is important to note that most decisions in Pemberton are determined by affordability and as such do not have the ability to appreciate in a rising interest rate environment to the same extent that many other markets, such as Whistler, do.

As a result, we do expect that the current trends of low activity levels and increasing time on market will continue moving forward. We also expect that buyers will continue to proceed cautiously to ensure that they have considered all their options before making any purchase decisions.

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, July 2018


Whistler Market Update: October 2018

Date Posted: October 22, 2018

2018 Quarter 3 Review

Fall has officially arrived in Whistler and with it has come some beautiful sunny weather that makes getting out to enjoy the outdoors and admire the changing colours even more enjoyable.

From a real estate perspective, there is also good news for both buyers and sellers. Through the third quarter of 2018, market activity remained strong, but not to the same levels as we were seeing at the height of the market in 2016 and 2017. Instead, we are seeing the market return to historically ‘normal’ levels.

Buyers are finding that there are many more options available to them as the number of properties available for sale has increased somewhat from historically low levels and many listings are taking longer to sell (and therefore staying on the market a little longer than in the recent past). So, not only do buyers have more options, but they also have a little more time to make decisions.

All that said, despite the lower number of sales that have been occurring, sellers will be happy to know that sales prices have continued to rise in all segments of the market with a combined approximate 7% increase since the start of the year in average transaction value for a property in Whistler. The overall average transaction value for a Whistler property is currently $1,247,715.

Breaking the numbers down a little more:

  • Single-Family Homes: Average sale value increased 5% through the third quarter
  • Towhomes: Average sale value increased 27% (to $1,146,084) through the third quarter
  • Condos: Average sale value increased 6% (to $1,146,000) through the third quarter

What We Expect Moving Forward

Going forward through the rest of 2018 and into 2019 we expect that the current market trends will continue.

There will continue to be strong buyer interest in Whistler properties, especially those that are well priced and/or unique. However, a degree of economic uncertainty resulting from provincial and federal economic policies and rising interest rates is expected to temper buyer confidence and ensure that they proceed with caution.

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, October 2018


SOLD! 233/234 Four Seasons Resort

Date Posted: October 17, 2018

A luxurious, 5-star Whistler condo

 

An end unit offering unbeatable views, this luxurious and spacious two bedroom two bathroom Four Seasons suite can be your Whistler haven. Each bedroom features a 5 piece ensuite, fireplace and private balcony with south western mountain views, reminding you that year-round recreation is right outside your door. One bedroom suite can be locked off separately allowing a flexible floor plan for revenues and usage. Enjoy the benefits of a five star hotel with ski concierge, 24-hour room service, health club, outdoor pool, hot tubs and the level of service you can only expect from the Four Seasons. The Phase 2 zoning allows ample time to enjoy, with 56 days of usage per year.

Listed for $998,000 and sold for 95% of the list price!

The real estate market in Whistler has remained steady so far through 2018. Buyer interest remains strong while listing inventory continues to be low. As a result, prices are still feeling some upward pressure and despite a slowing in transaction rate, it continues to be a Seller’s Market.

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! 4875 Casabella Crescent

Date Posted: October 3, 2018

A luxurious townhome in a fantastic year-round location

Situated in a fantastic year-round location walking distance to the Village amenities and Lost Lake, this end unit three bedroom, three bathroom townhome with garage offers a luxurious escape just minutes from everything Whistler has to offer. Whether you are gathering with friends and family in the open concept living area with vaulted ceilings, cozy gas fireplace, and grand wood beams, relaxing after a day of adventure in the brand new, private hot tub in your private backyard, or taking in the mountain views and afternoon sun from the master bedroom deck – you can’t beat this location. You will find everything you could need for full-time living, Whistler getaways, or rentals in this fully-furnished, turn-key property in Montebello, one of Whistler’s most sought-after neighbourhoods.

Listed for $2,090,000 and sold for $2,190,000, in 47 days (that is 97% of the list price)!

“I used Amber for the second time this summer to sell my place and once again had a great experience with her.  She’s knowledgeable, professional, and makes the overall experience great whether you are buying or selling your property!” – Seller of 4875 Casabella Crescent

The real estate market in Whistler has remained steady so far through 2018. Buyer interest remains strong while listing inventory continues to be low. As a result, prices are still feeling some upward pressure and despite a slowing in transaction rate, it continues to be a Seller’s Market.

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! 231D Legends – Now Sold

Date Posted: September 21, 2018

A desirable 2 bedroom condo in Whistler Creekside

 

 $199,000

2 Bedroom   |   2 Bathroom   |   894 Sq.Ft.   |    Quarter Ownership

With walk-out access to skiing, you won’t find a more desirable location in Whistler Creekside than this lovely 2 bedroom condo in the always popular Legends complex. A spacious open floor plan is perfect for Whistler getaways as you take advantage of unlimited personal use during your weeks or earn revenues from nightly rentals.

Owners can look forward to Christmas and New Years 2019!

See the photos & find out more here.

Listed: September 2018


SOLD! 6 Mountain Edge

Date Posted: September 14, 2018

Exclusive 3 bedroom townhouse in secluded Mountain Edge

Coveted and rarely available, this 3 bedroom 2 bathroom townhome in Mountain Edge is tucked away in a quiet location in the village and is one of only seven townhomes in this exclusive complex. Just steps to the ski lifts and the heart of all the action, my clients will be able to just park the car and walk to everything! Beautifully renovated, this four season home features a gourmet kitchen, open concept living area with walk out decks on either side of the living space, vaulted ceilings, floor to ceiling windows and beautiful views of Rainbow Mountain. Perfect for family gatherings and entertaining, this home is great for full time living or as a weekend home. After a day on the slopes or golf course, they will cozy up by the fireplace or relax in the private hot tub overlooking the Whistler Golf Course driving range.

Listed for $2,499,000 and sold for $2,190,000, $309,000 under asking price!

“Amber’s broad experience as a realtor in Whistler was a true asset in our search for the right property for our family. Her guidance regarding neighbourhoods and developments suitable for our needs, along with her organized manner and quick response to any questions, made the buying process a pleasure for us!” – Buyer of 6 Mountain Edge

The real estate market in Whistler has remained steady so far through 2018. Buyer interest remains strong while listing inventory continues to be low. As a result, prices are still feeling some upward pressure and despite a slowing in transaction rate, it continues to be a Seller’s Market.

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! 2-2138 Gondola Village

Date Posted: August 31, 2018

A 1 bedroom condo in Whistler Creekside

 

The buyers fell in love with this Whistler location and they will enjoy convenience of walking to the Creekside Gondola and Alpha Lake, not to mention the shops, restaurants, and amenities. A bright and airy living space with vaulted ceilings and plenty of windows will make them feel at home year-round, while a wood-burning fireplace adds a cozy touch on winter nights. This Gondola Village unit has an updated kitchen and bathroom along with plenty of built-in storage. It would make the perfect full time residence, Whistler getaway, or rental investment. GST was not applicable and the Phase I zoning means that they can take advantage of rentals or enjoy unlimited personal use.

Listed for $499,000 and sold for $510,000 in only 4 days!

“Working with Amber and her team is a pleasure – she is professional, knowledgeable and works hard to get the best deal.  We are thrilled with the outcome and recommend Amber to anyone looking to buy or sell in Whistler.” – Seller of 2-2138 Gondola Village

The real estate market in Whistler has remained steady so far through 2018. Buyer interest remains strong while listing inventory continues to be low. As a result, prices are still feeling some upward pressure and despite a slowing in transaction rate, it continues to be a Seller’s Market.

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! 739 Four Seasons

Date Posted: August 30, 2018

A luxurious 1 bedroom suite at the Four Seasons Resort in Whistler

This luxurious and spacious one bedroom, two bathroom Four Seasons suite will be the Whistler haven for my clients who were looking for their Whistler home. They will relax in the fine dining restaurant and après bar or enjoy all the offerings of the 9,000 square foot spa and health club. Offering great rental income, views of the west are met with afternoon sun and evening sunsets from your private balcony. Inside, a gas fireplace and oversized ensuite bathroom with deep soaker tub promise to recharge aching bodies after a long day on the mountain.

Listed for $619,000 and sold for $600,000, $19,000 under asking price!

“Amber was very professional, timely and our overall experience was seamless. We’re very happy with her services as our realtor.” – Buyer of 739 Four Seasons Resort

The real estate market in Whistler has remained steady so far through 2018. Buyer interest remains strong while listing inventory continues to be low. As a result, prices are still feeling some upward pressure and despite a slowing in transaction rate, it continues to be a Seller’s Market.

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! 64 Glaciers Reach – Now Sold

Date Posted: August 28, 2018

A Quiet Whistler Village Townhouse

 

 $1,029,000

2 Bedroom   |   2 Bathroom   |   899 Sq.Ft.   |    Townhouse

Glaciers Reach, a popular townhome complex in the Village, is situated in a quiet setting adjacent to the Marketplace and an easy walk or ride on the free shuttle to all the shops, restaruants and ski lifts. This upper level 2 bedroom townhome is fully furnished and ready for you to enjoy for your unlimited personal use and/or rentals.

See the photos & find out more here.

Listed: August 2018


SOLD! B201 Tamarisk

Date Posted: August 28, 2018

A 1.5 Bedroom Lakeside Condo in Whistler

With a peekaboo view of Alpha Lake, this condo offers 1 bedroom and a den that could be used as an extra bedroom or office space. The deck off of the living area is ideal for summer BBQs and relaxed outdoor living surrounded by the sounds of nature. The open plan with sunken living room offers plenty of space to entertain while the wood-burning fireplace keeps it cozy and warm all winter. Extra windows in the living room and bedroom fill the condo with natural light. Other updates include a bedroom renovation to the studs, hardwood flooring, and a reconfigured kitchen and bathroom. Tamarisk is a favourite year-round location near Alpha Lake and just a short drive from the Creekside gondola and amenities. In addition to a tennis court, the complex offers canoe/kayak storage, laundry facilities, and bike/ski storage. Fully furnished and move in ready, this property would make an excellent starter home, weekend escape, or rental investment.

Listed for $499,000 and sold for $521,000 in only 8 days!

“We found Amber to be professional and efficient in the in the sale of our condo. She was able to exceed our expectations seamlessly.” – Seller of B201 Tamarisk

The real estate market in Whistler has remained steady so far through 2018. Buyer interest remains strong while listing inventory continues to be low. As a result, prices are still feeling some upward pressure and despite a slowing in transaction rate, it continues to be a Seller’s Market.

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!

August 2018


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