Whistler Real Estate Update

2010 - A YEAR IN REVIEW

Looking back over the 2010 real estate market in Whistler and Pemberton it still proves to be a buyer’s market. Plenty of product to view and no real sense of urgency with only a few multiple offer situations. While the rest of the world is still dealing with an economic down turn, Canada has managed to pull through the year with a stronger economy. The real estate market in Whistler has remained steady with an average of 37 sales per month. Finishing the year with close to the same number of sales as 2009. The difference being in an added $25,000,000 in sales volume over the previous year. Townhomes were by far the top seller.

                                       Sales 2009                                  Sales 2010

  Chalet                                  93                                                   77

  Duplex                                  8                                                    14

  Condo                                 131                                                 117

  1/4 share                            104                                                  48

  Townhouse                        119                                                 149

   Land                                   10                                                    33

Statistics show that, although not immediate, The winter Olympics, do have an impact on real estate for the communities involved. Park City, Utah,  host of the 2002 Winter Games; prior to the games and for almost two years post Olympics Park City’s market had a build up of un-sold properties and it was not until 2004 that their market began to heat up, where upon with the exchange of properties led to a boom in development…especially in detached housing.

Whistler has just been through the largest global exposure it has ever experienced to date, having over 1 billion people see our beautiful home. The infrastructure or legacy from the games will also be a drawing card that has a direct correlation to real estate sales. Highway 99, the YVR improvements, Callaghan Valley, Sliding Center and the Canada Line in Vancouver are now all part of a value added service available for the consumer. These little improvements help in the value of real estate and the next year in Whistler and Pemberton should prove to be steady.

One thing we are promoting with real estate sales today more than ever is Lifestyle. The purchase of a home in Whistler is not just a financial investment, it is where memories will be made. It is about healthy choices, exercise, fresh air and peace from sirens and traffic. Of course we do have rush hour in Whistler especially when the mountain closes or it is a holiday time like Christmas! But owning a property in Whistler comes with pride, plans, and adventure in your future - this picturesque village is a family place, a happy place and a place to have a safe vacation.