Record breaking month/summer

September was a busy month not only did Whistler break all records for summer visitors, but it was also the highest month for sales transactions since 2007.  Whistler real estate agents sold 69 homes compared to Janaury's 28 and the monthly average of 40, activity has definitly picked up in our #1 Resort Town.  Is this a sign of things to come?  

We've been talking about Whistler being a Buyers market for years (since after the economic crisis of 2008), however, with the increase of sales compared to the low inventory levels (loweset in 6 years) our market is transitioning from a Buyers market into a balanced market.  

Why the change in the market?  

1.  Bottom of market pricing note: this is changing

2.  Limited housing supply (demand vrs supply)

3.  Record breaking summer visitors

4.  Stability and confidence in the general economy

To help demonstrate i've included a graph for the past 7 years showing the decline in prices since 2006 and the increase in sales (note 2013 still has 3 strong sales months to come).

Search Criteria
Time frame is from Jan 2006 to Sep 2013
Type is not one of 'Shared Owner', 'Timeshares'
Area is 'Village'
City is 'Whistler'
Rental Covenant is not 'Phase II'
Results calculated from approximately 530 listings

Click here for link to graph

 

If you have any real estate questions please don't hesitate or vist my website WhistlerHomeSales.com and don't forget to check out WhistlerForeClosure.com

Have a great week!

 

Tracy Collingridge

Sutton Whistler Realtor

604-935-0918

Comments:
Valerie Orr on Nov 12, 2013 12:41 AM posted:
Tracy, was an amazing realtor, very helpful and quick to respond. She went out of her way, not just helping us with the sale but answering multiple requests. I would recommend her to any one if buying in Whistler. I feel she was more like a friend. It was a very pleasant experience purchasing a property through her. The sale closed we are in the property and she is still answering questions in a willing manner. She hasn't forgotten us even though everything is finished. Thank you Tracy.

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