marika koenig

Market News

Call Marika: 604-932-9590

Whistler Market Update – April 2017

Apr 1, 2017

Spring is upon us, but it’s still winter in the mountains!

This has been an incredible ski season and for those thinking of getting a few more turns in, there is still plenty of snow on the mountains

On the real estate front as you will read below, the market continues to be active, despite the low listing inventory. Sellers are in a good position to take advantage of the strong demand for resort property if they are considering a move. Buyers need to be prepared and ready to act when the right property hits the market in this highly competitive environment.

We always welcome you to call or drop by for a visit next time you are in the Village. On behalf of my sales associate, Teal Ready and myself, we wish you and your family a wonderful Easter Weekend!

Market Update
Market activity during the first quarter of 2017 stayed consistent with that of the previous quarter but was significantly below that of the same period a year ago.
As was identified in our last report, historically low levels of the number of properties for sale has restricted the amount of activity although there has been no reduction in buyer interest. This has caused values to continue to trend upwards.

Average transaction value in Whistler has increased by over 13% to $1,025,323 since the beginning of the year with single family homes seeing the biggest gain.

At the end of the first quarter the average single family home transaction averaged $2,623,471 due largely to an increased focus on higher priced properties during the winter.

Condominiums also saw a sharp rise in average value to $485,390, while townhomes moved up to $1,062,000.
The luxury market remained active with 12% of all transactions in Whistler being valued above $2,000,000 so far this year.

Market conditions of low supply and high demand will continue to be the factors driving market activity for the foreseeable future. Despite a somewhat unpredictable political environment both internationally and locally, general and local economic conditions suggest continued buyer/investor confidence. Whistler’s strong tourism programs combined with Vail Resorts name recognition will insure continued strong interest in the area.

If you are thinking of making a move in the market, I would be happy to discuss your options. Please feel free to call or drop by the office at your convenience.

Hope you have a wonderful week!

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*All statistical information provided from sources deemed to be reliable
*Information based on data collected from Whistler Listing Service WLS

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