Summer 2011 Whistler NewsletterJuly 2011 Summer is finally here …at least that’s what the calendar says. After a fantastic winterwith many epic snow days and a cool non-existent spring, the anticipation of some summer sunshine and warmth is a welcoming thought. But when? It seems we get two days ofsummer then six days of fall. I guess that's life on the West Coast! Although our spring and summer weather hasn't been stellar, at least our local real estate market has continued to show signs ofgrowth and stability compared to the past two years. 2011 Yearto Date sales (Jan-June) total 258 compared to 214 for the same time last year and 168 for 2009. See left for the past 5 years. The leader in property sales has been Townho uses, at 75 YTD. Single Family Chalets totaled 44, Unrestricted Condos 43, Restricted/Hotel Use Condos 38, Strata Duplexes 5, Vacant Land 7, Quartershares 36. Sales Statistics 2011 258 Sales 2010 214 Sales 2009 168 Sales 2008 317 Sales 2007 450 Sales Sales by Property Type So far this year the number of sales has been relatively consistent month to month ranging from a low of 33 in January to a high of 50 in March, with a monthly average of 43. Residential townhomes have been the most popular property type with buyers. The most active price range for Whistler buyers has been between $350,000 to $900,000. Next in line arehigher-end townhomes and single family chalets in the $1.1M to $1.8M range. One key focus forbuyers is properties that are exempt of the HST. A Stable Market and Summer Sunshine in the Forecast!!
Summer is finally here…at least that’s what the calendar says. After a fantastic winter
with many epic snow days and a cool non-existent spring, theanticipation of some summer sunshine and warmth is awelcoming thought. But when? It seems we get two days of summer then six days of fall. I guess that's life on the WestCoast!
Although our spring and summer weather hasn't been stellar, atleast our local real estate market has continued to show signs of growth and stability compared to the past two years. 2011 Year to Date sales (Jan-June) total 258 compared to 214 for the sametime last year and 168 for 2009. See left for the past 5 years.
The leader in property sales has been Townhouses, at 75 YTD. Single Family
Chalets totaled 44, Unrestricted Condos 43, Restricted/Hotel Use Condos 38,Strata Duplexes 5, Vacant Land 7, Quartershares 36.
relatively consistent month to month rangingfrom a low of 33 in January to a high of 50 inMarch, with a monthly average of 43.
Residential townhomes have been the mostpopular property type with buyers. The mostactive price range for Whistler buyers has
been between $350,000 to $900,000. Next inline are higher-end townhomes and singlefamily chalets in the $1.1M to $1.8M range.One key focus for buyers is properties that areexempt of the HST.
In general, listing inventory for most property types remains high
compared to the number of sales.
Buyers should continue to have a good selection of properties…
The “Rule of Thumb” (Active
Listings versus Sales Ratio) for
determining a Seller’s or Buyer’s
market, indicates we are still in a
Buyer’s market for most property
types. As a result, buyers should
continue to have a good selection of
properties. And as we have seen
over the past several years, buyers
will continue to look for motivated
sellers, properties that meet their needs and offer good value for their
investments. *
(Disclosure: In our endeavors to provide information to past and current clients, we periodically send real estate related information such as this. However,should you not wish to receive future mai lings, please let us know and we will remove your name from our database. This communication is not intended tocause or induce breach of an existing agency agreement. All sales data is from the Whistler Listing System. E&O. E)
Have a great summer – see you in Whistler!
Sutton West Coast Realty – Whistler 36-4314 Main Street, Whistler BC Canada V0N 1B4Office: 604.935.3380 / Fax: 604.935.3390Toll Free Canada & USA: 1.866.978.8866Web: www.SuttonWhistler.com Blog: www.whistlerresortrealestate.blogspot.com
