Whistler November 30, 2015
Market SnapshotAs we near the end of the year, 2015 will be remembered as the year the pendulum swung to the seller’s advantage. Specifically for whole ownership unrestricted properties under $2 million. This sector of the market experienced the strongest demand over the past 11 months representing 92% of the sales. Selling values for these properties have been slowly increasing since late 2013. Listing inventory has steadily been decreasing since 2011 while the number of sales and sales dollar volume have been steadily increasing. The graphs below tell the story.
Active Listings & Sales Dollar Volume 2010 to Oct 2015
Number of Sales & Median Sale Price 2010 to Oct 2015
Number of sales by price categoriesTotal Sales Year to Date: 687 (Nov 29, 2015)Under $1m = 501 (73% of the total sales)$1m to under $2m = 139 (20% of the total sales)$2m to under $3m = 34 (5% of the total sales)$3m to under $5m = 8 (1% of the total sales)$5m to under $11m = 5 (0.7% of the total sales)
To sum up real estate in Whistler is complex. There are a variety of property types from luxury homes to quarter-share condos, each with their own micro-market. As the market continues to evolve it is important to get the most current information to help you make the right decisions. If there is a specific property type of interest to you please contact me for the most recent market information.