Whistler Summer Real Estate Update
The Real Estate Market in Whistler, BC has been very active from the beginning of 2007 through the entire Summer. Purchasers of Real Estate in Whistler have been buying Single Family Homes and family oriented Townhouse and Condominiums. All other markets, including Phase I and Phase II rental properties, Shared Ownership properties as well as Luxury homes are showing improvements in both number of units sold and average value.
The total number of sales this year was $540 million, which is nearly 30% more over the same period last year. Similarly, the total number of sales was 590 units, which is up 25% over the same period last year.
2007 vs 2006 Quarter Stats
Chalets 1st Quarter 2nd Quarter
2007 36 39
2006 21 25
Condominiums
2007 97 156
2006 83 79
PROPERTY PRICING
Given the declining number of listings and the increasingly strong interest in purchasing in the Whistler area we expect that prices will continue to strengthen for the foreseeable future.