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!
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.