I have had a really busy 2014 this year. The market is improving and things are looking great as we move into the fall and start to get ready for winter.
In August the real estate market in Whistler saw a total of 65 reported transaction and there were 11 reported transactions in Pemberton, for a grand total of 76 transactions. This is up from last year at this time when there were only 64 reported transactions in August, 61 in Whistler and 3 in Pemberton.
As the number of transactions increase, so are the overall average value of those transactions as compared to where they were at the end of 2013. The only exception to this increase is in the shared ownership segment of the market. The current overall average value of a transaction is $721,000. At the end of 2013, this number sat at $709,000.
The greatest growth has been seen in the condominium segment of the market where there has been as 21% increase in average value. Coming in second, the average value of a single family home (or chalet) has increased by 12%.
At the current rates, we expect to see an increase of about 10% in the overall number of transactions in 2014 as compared to 2013. With this increase, we also expect that prices will continue to strengthen.
As of September 1, 2014 I have completed a total of 30 ends. So far this year, I have helped 16 different buyers and 14 sellers with their real estate transactions. Plus, I still have several deals that are pending and a few more that are in the works. Here is a summary of my successes so far this year:
The market is changing and improving – if you have any questions about the market or are thinking of buying or selling, contact me for more information directly related to your area of the market. Or, if you would like more information about some of the sales listed above, visit my Recent Sales page.
This information is deemed to be accurate and taken from the Whistler Listing System – September 2014