Whistler Market Update: July 2017

Date Posted: July 18, 2017

With nothing but blue skies and warm weather in the forecast, Whistler has been a hub of activity. From the beaches to the trails to the Village Stroll, one word can describe our summer so far and that is busy. The same word could also be used to describe the real estate market so far this year. With so many people in town, it is no surprise that buyer interest is strong. Our main hurdle right now is a lack of options for all the interested buyers. This combination is creating a strong seller’s market.

Despite the fact that low inventory levels have capped the number and rate of sales through the first 6 months of 2017, sales activity has remained strong and we expect that 2017 will close out as another above average year in terms of both sales and values.

Where are we now?

Overall, we have seen a dramatic increase (f almost 35%) in the total value of all transactions completed through the first two quarters of 2017 when compared to the previous six month period. This is partially due to an increase in the overall transaction value of properties in Whistler which is now sitting at $1,144,309 (a 26% increase compared to one year ago when the average transaction value was $904,360).

Let’s break the numbers down:

  • Single-Family Homes: The average sale price is now $2,729,000
  • Townhomes: The average sale price is now $1,060,419
  • Condos: The average sale price is now $611,081

These increases can be partially attributed to a shift in focus towards higher priced properties due to lack of options in lower price ranges, as well as to upward pressure on prices across the board. The luxury market (listings over $2 Million) currently makes up about 13% of all transactions occurring in Whistler.

Listings that are priced correctly continue to sell quickly and often with multiple offers.

What is to come?

We do not expect there to be any dramatic shifts in the coming months. The market will likely continue to deal with a low supply, high demand dynamic that will limit the number of transactions and drive sales prices.

Looking at general and local economic conditions, we are confident that buyer/investor confidence in the area will remain strong and that changes to interest rates will have a limited impact (if any) on our marketplace. We also doubt that the change in the provincial government will result in any changes that would compromise Whistler’s contribution to the tourism brand of BC.

With amazing an summer still ahead and exciting changes coming for Vail’s first full winter season, there should be no drop in buyer interest in our area.

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, July 2017


Whistler Real Estate Market: 2016 Year-In-Review

Date Posted: January 11, 2017

In 2016, the real estate market in Whistler experienced one of the most active years to-date and showed a 22% increase in number of transactions over 2015. This activity, paired with low inventory levels, resulted in significant increases in prices in almost all segments of the market. The overall average price of a transaction reached $901,765 (a 12% increase over the $801,894 average of 2015). This, in turn caused the value of all transactions completed in 2016 to reach over $1 Billion.

Buyer interest in Whistler real estate reached a peak in the first 6 months of the year as a result of low interest rates, strong regional economies, favorable exchange rates, and a record breaking number of people visiting the community. As a result, the first half of 2016 was stronger than the second half of the year.

A Closer Look At The Numbers:

Larger, family-oriented properties (single family homes and townhomes) experienced the highest level of interest and therefore saw the greatest rates of appreciation. Meanwhile, the condominium market experienced the highest number of sales through the course of 2016.

  • Single-Family Homes: Average values rose by 32% from $1,697,000 in 2015 to $2,252,000 in 2016.
  • Townhomes: Average values rose by 24% from $764,000 in 2015 to $947,000 in 2016.
  • Condominiums: With almost 400 reported sales, average values rose by 11.7% over 2015.
  • Shared Ownership: Also showed double digit improvements in both average values and number of transactions.
  • Luxury Properties (over $2 Million): With a total of 83 properties changing hands, average values increased to $3,524,000 (a 13% increase over 2015).

The sale of condominiums and townhomes made up 65% of the transactions that occurred in the Whistler marketplace in 2016 and as a result, 70% of all Whistler transactions occurred below the $1 Million price point.

Although Whistler is often thought of as a ‘luxury market’ these sales represent only 8% of the total transactions that occurred in 2016. That said, their high average transaction values means that this relatively small percentage of sales make up over 28% of the total market value.

Looking Forward to 2017

As 2017 gets underway, the current real estate market in Whistler is comprised of a historically low level of inventory (properties being offered for sale) in almost all market segments. As a result, we expect activity levels (number of sales) to drop despite continued buyer demand. This, in turn, will pressure prices upward.

That said, there are a number of factors which could temper local market factors including the unpredictable influence of a number of expected changes in external circumstances such as:

  • Interest rates
  • Government and financing regulation
  • An expected retreat in Vancouver real estate values
  • Uncertainty about the impact of a Trump presidency
  • Upcoming provincial elections

The bottom line is that through 2017 we expect supply to be limited and this, in hand with buyer demand, will direct pricing. Buyers will continue to buy and sellers will continue to sell.

The real estate market in Whistler is a unique and nuanced marketplace. If you have any questions about how the state of the market may impact your decision to buyer or sell, or if you have any other questions about real estate in Whistler contact me. Staying up-to-date in our highly dynamic market is key to making the best real estate decisions, whether you are buying, selling, or contemplating.

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


Home Buyer 101- Online Course

Date Posted: September 10, 2016

Are you a first time buyer? This fun and interactive game is very informative and is a great way to test your knowledge on mortgages and home ownership.

first-time-home-buyer-game


This Week in Whistler Real Estate: May 30 – June 5

Date Posted: June 6, 2016

The past 7 days have been very busy. As is always the case at the end of the month, we saw a jump in the number of completed sales with 52! We also say a total of 28 new listings.

6362Fairway-Whistler

New Whistler Real Estate Listings

There are 28 new listings to browse in Whistler from the past 7 days:

Address Area Type Beds/
Baths
Other List
Price
6362 Fairway Drive Whistler Cay Heights Chalet 5 / 4.5 $6,500,000
8471 Bear Paw Trail Rainbow Chalet 4 / 4.5 $2,988,000
8471 Bear Paw Trail Rainbow Chalet 4 / 4.5 $2,988,000
6207 Eagle Drive Whistler Cay Heights Chalet 4 / 3 1 Bed Suite $2,895,000
8325 Glen Abbey Lane Green Lake Estates Townhouse 4 / 4.5 Phase I $2,499,000
630/632 Four Seasons Resort Benchlands Condo 2 / 3 Phase II $1,999,000
8260 Woodland Place Alpine Meadows Chalet 4 / 3.5 $1,950,000
530/532/534 Four Seasons Resort Benchlands Condo 3 / 3.5 Phase II $1,629,000
6 Mountain Star Benchlands Townhouse 3 / 2 Phase I $1,375,000
41 Garibaldi Drive Black Tusk Chalet 4.5 / 3 $1,249,000
306 Ravencrest Blueberry Condo 4 / 3 $1,245,000
23 Bluffs Nordic Townhouse 3 / 2 Phase I $1,159,000
23 Bluffs Whistler Creek Duplex 2.5 / 3 1 Bed Suite $995,000
22 Woods Benchlands Townhouse 2 / 2 Phase I $949,000
18 Gleneagles Benchlands Townhouse 2 / 2 Phase I $929,000
4 Timber Ridge Bayshores Townhouse 3.5 / 2.5 $899,000
2564 Tricouni Place Bayshores Duplex 3 / 3 1 Bed Suite $789,000
19 Lagoons Village Townhouse 2 / 2 Phase I $689,000
8 Slope Haus Alpine Meadows Townhouse 3 / 2 $649,000
3316 Pan Pacific Village Centre Village Condo 2 / 2 Phase II $529,000
23 Gondola Heights Whistler Creek Townhouse 2 / 1.5 Phase I $499,000
10 Whiski Jack Nordic Townhouse 2 / 1 $499,000
404 Nordic Vista Nordic Townhouse 2 / 1 $479,000
4874C Casabella Cres. Village Townhouse 3.5 / 3.5 Quartershare $449,000
628 Four Seasons Resort Benchlands Condo 1 / 2 Phase II $399,000
207 Nordic Court Nordic Condo 2 / 1 Employee $385,000
310 Pan Pacific Mountainside Village Condo 0.5 / 1 Phase II $309,000
13 Eva Lake Village Nordic Townhouse 1 / 1 Employee $299,000
1316 Vale Inn Whistler Creek Condo 0.5 / 1 Phase I $115,500

New Pemberton Real Estate Listings

There are no new listings in Pemberton this week as the struggle with low inventory levels continues.

Whistler & Pemberton Real Estate Sales

Over the past 7 days there have been 21 completed sales. You can see them all here.

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REDUCED – 1465 Laburnum Street – NOW SOLD!

Date Posted: August 4, 2015

A 2 bedroom Pemberton Cabin.

Pemberton Single-Family Home For Sale Amber Mann Pemberton Real Estate

NEW PRICE: $469,000

Was Listed at: $489,000

Bedrooms: 2.5     |     Bathrooms: 2     |     Size: 1,640 Sq. Ft.

This character cabin sits on a large lot at the end of a quiet cul-de-sac and has been substantially upgraded Enjoy summer days on the decks and views of Mount Currie. The 1 bedroom suite could be kept as a revenue producer or easily incorporated back into the home. More >>

Pemberton Map Real Estate Home For Sale Amber Mann Whistler Real Estate


JUST LISTED! 1465 Laburnum Street – NOW SOLD!

Date Posted: June 26, 2015

A Charming Character Home in Pemberton

Pemberton Single-Family Home For Sale Amber Mann Pemberton Real Estate

$489,000

Bedrooms: 2.5     |     Bathrooms: 2     |     Size: 1,640 Sq. Ft.

Situated at the end of a quiet cul-de-sac, this cute 2 bedroom plus loft cabin is full of character and offers substantial upgrades. Enjoy spectacular views of Mount Currie from one of the 3 decks in the summer or from in front of the wood-burning fireplace through the floor-to-ceiling windows during the winter. More >>


This Week in Whistler Real Estate:May 25 – 31

Date Posted: June 1, 2015

The past 7 days saw a total of 24 sales and 22 new listing in Whistler & Pemberton.

Whistler condo for sale Birken Pemberton Lot For Sale Amber Mann Whistler Real Estate

New Real Estate Listings – Whistler

There were 18 new listings in Whistler over the past 7 days:

  • 1351 Alta Lake Road – A 5.7 acre estate with a gorgeous 4 bedroom home. Listed at $4,790,000
  • 3410 Blueberry Drive – This 4 bedroom post-and-beam home overlooks beautiful ski-run views. Listed at $3,899,000
  • 7414 Ambassador Crescent – This 4.5 bedroom home in White Gold offers Bed & Breakfast zoning and can be used as a single family home or business. Listed at $2,150,000.
  • 8348 Mountainview Drive – A stunning 4 bedroom home with huge deck space and alpine views. Listed at $1,995,000.
  • 9404 Deerhorn Place – This family home in Emerald Estates offers 4 bedrooms and a quiet setting. Listed at $1,230,000.
  • 2 Baseline – Located in Creekside, this 3 bedroom townhome has been renovated and is within walking distance of the lakes. Listed at $1,195,000.
  • 2733 Cheakamus Way – An updated 4 bedroom family home in Bayshores, steps to the tennis courts, parks, and Valley Trail. Listed at $1,190,000.
  • 301 St. Andrews House – This is a rare penthouse condo with 2 bedrooms and over 1,600 square feet in the heart of Whistler Village. Listed at $1,150,000.
  • 26 Mountain Star – A spacious, 2.5 bedroom, ski-in/ski-out townhome in the Benchlands. Listed at $949,000.
  • 329 Greyhawk – Located in Blueberry Hill, this 2.5 bedroom condo in Greyhawk has a lage deck overlooking mountain views. Listed at $659,000.
  • The Aspens – This is one of the best slope-side locations in Whistler. The first new listing is a 2 renovated 2 bedroom condo listed at $639,000. The second new listing is a 1 bedroom suite on the quiet side of the building listed at $409,000.
  • 46 Symphony – Situated in the Village, this 2 bedroom townhouse is within minutes of all the amenities, restaurants, and trails. Listed at $589,000.
  • 201 Town Plaza – This 2 bedroom suite is in a prime Village location with lovely mountain views. Listed at $569,000.
  • 117 Wildwood – A bright 2 bedroom corner condo with a rare and sunny, ground floor patio. Listed at $539,000.
  • 5 Whistler Vale – This bright 3 bedroom towhnouse has a versatile floor plan with revenue potential. Listed at $459,000.
  • 4743 Settebello Drive (C) – Enjoy this luxury, 3 bedroom quartershare opportunity in the Village. Listed at $199,000.
  • 228A Legends – This 2 bedroom quartershare is just steps from the Creekside Gondola. Listed at $69,900.

 

New Real Estate Listings – Pemberton

The last 7 days saw 4 new listings come to the market in Pemberton:

  • 9510 Portage Road – A beautiful 50 acre property nestled in the mountains, minutes from 4 lakes. Listed for $595,000.
  • 1483 Lupin Street – A lovely 3 bedroom family home in The Glen. Listed for 509,000.
  • 35 Mountain Trails – A spacious 2 bedroom townhome in Pemberton Village. Listed for $239,000.
  • 9506 Lot A Portage – This 5 acre property in Birken overlooks snowcapped mountains. Listed for $155,000.

 

Real Estate Sales – Whistler & Pemberton

As always, the end of the month was busy with 24 completed sales in Whistler and Pemberton this week. You can see them all here.


May 2015 Real Estate Market Update

Date Posted: May 8, 2015

Whistler Market Update

The Whistler market has remained largely unchanged in terms of the number of transactions when compared to the same time last year. Where we have seen significant change is in the total dollar volume of transactions which sat at $153 Million this time last year and now sits at $203 Million. This increase is primarily the result of an increase in both chalet and vacant land sales.

Over the past months we have seen a growth of interest in the single-family home market in Whistler, especially when it comes to homes listed at over $1 Million. The current average value for a single-family home is $1,600,000 – the highest level we have seen since 2006. Despite the demand in this market segment, we are still experiencing low levels of inventory. This is pushing prices up and resulting in many properties selling under multiple offers and, in some cases, over asking price.

The lack of single-family home inventory is also creating renewed interest in both our higher priced luxury properties and in building lots as buyers who are unable to find what they are looking for choose to build.

Condominiums and townhomes continue to be the most active segment of the market – accounting for about 60% of all sales, although we have seen a slight drop in the past months. These segments of the markets have also experienced a drop inventory and, as a result, prices are trending higher.

Whistler-ListingStats-May2015

Pemberton Market Update

With 28 sales so far this year, the Pemberton market has seen an upswing in the number of transactions when compared to this time last year when there had only been 18 sales. This increased interest has occurred in the townhome and condominium segments of the market where we are currently seeing the most interest.

The first quarter is typically the slowest in Pemberton so we expect to see more interest in all types of Pemberton and area real estate once the weather turns warmer and summer begins.

 


This Week in Whistler Real Estate Trends: April 27 – May 3

Date Posted: May 4, 2015

As we came to the end of April we had a very busy week in real estate with a total of 24 new listings and 41 sales!

Whistler condo for sale Gondola VIllage Whistler Creekside Amber Mann Whistler Real Estate

New Real Estate Listings – Whistler

There were 18 new listings in Whistler over the past 7 days:

  • Woodridge – Centrally located in Whistler Cay, these spacious townhomes are highly sought after. Listed at $2,999,000 (4 bedroom) and $1,300,000 (2.5 bedroom).
  • 2671 Highway 99 – A 4.2 acre lot in Whistler Creekside that allows for a home of up to 5,000 square feet. Listed at $2,480,000.
  • 17 Fitzsimmons Walk – A luxurious 4 bedroom townhome in White Gold, walking distance to the Village. Listed at $2,195,000.
  • 320 Glacier Lodge – This 2 bedroom plus loft condo is located in the Upper Village, just a short stroll from the Wizard lift. Listed at $1,188,000.
  • 8236 Rainbow Drive – This lovely 3 bedroom chalet sits on a large lot in Alpine Meadows and has been extensively renovated. Listed at $990,000.
  • 3 Gleaneagles – Offering easy access to all that Whistler offers, this 3 bedroom townhome is located on the Chateau Golf Course in the Benchlands. Listed at $969,000.
  • 9376 Emerald Drive – A well maintained, original Whistler cabin in Emerald Estates. Listed at $749,000.
  • 24 Whistler Creek Ridge – This 3 bedroom townhouse offers west-facing mountain views. Listed at $699,000.
  • 15 Woods – A spacious 2 bedroom townhouse in a popular complex in the Benchlands. Listed at $639,000.
  • 703 Pan Pacific Mountainside – A rarely available 1 bedroom suite overlooking the pool and ski slopes. Listed at $399,000.
  • 83 Glaciers Reach – This 1 bedroom townhouse in the Village offers 583 square feet of living space and a private hot tub. Listed at $345,000.
  • 302 Snowbird – A very unique opportunity to own a half interest (November – May) of this 3 bedroom suite in the Benchlands. Listed at $299,000.
  • 4 – 2166 Gondola Village – My fabulous new listing in Whistler Creekside. This convenient 1 bedroom townhome is an easy walk to all of the amenities. Listed at $242,000.
  • 625 Four Seasons Resort – A 6th floor studio suite in the luxurious Four Seasons Resort. Listed at $225,000.
  • Evolution – A modern lodge in Creekside offering some of the best quartershare opportunities in Whistler. Listed at $96,500 (2 bedroom) and $49,999 (1 bedroom).
  • 604 Holiday Inn – This studio suite in the Holiday Inn is located in the heart of Whistler Village. Listed at $39,000.

 

New Real Estate Listings – Pemberton

The last 7 days saw 5 new listings come to the market in Pemberton:

  • 1447 Alder Drive – A 3 bedroom family home with a 2 bedroom revenue suite. Listed at $599,000.
  • 1445 Alder Drive – This bright, open concept 3 bedroom home sits in a quiet cul-de-sac. Listed at $559,000.
  • 3909 Gun Creek Road – Located in Gun Lake, this beautiful log home offers 5 bedrooms and a 1 bedroom guest cabin. Listed at $425,000.
  • 205 Portage Station – An unbeatable location in the heart of Pemberton. This 2 bedroom condo has over 1,100 square feet of living space. Listed at $235,000.
  • 9824 Portage Road – Located in D’Arcy this private 1 acre property sits on a peninsula adjacent to Gates Creek. Listed at $199,000.

 

Real Estate Sales – Whistler & Pemberton

There were 41 completed sales in Whistler and Pemberton this week. You can see them all here.


JUST LISTED! 2 – 2166 Gondola Village – NOW SOLD!

Date Posted: May 4, 2015

A Convenient Whistler Creek Condo

Whistler condo for sale Gondola VIllage Whistler Creekside Amber Mann Whistler Real Estate

$242,000

Bedrooms: 1     |     Bathrooms: 1     |     Size: 396 Sq. Ft.

You will fall in love with this Whistler location and enjoy the convenience of walking to the Creekside Gondola and Alpha Lake, not to mention the shops, restaurants, and amenities. This well kept, furnished condo is ready for you to move in! More >>


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