Market Report

Market Report

QTR. 1 2018

Whistler real estate sales has continued at a steady pace throughout Qtr.1 of 2018, showing a significant increase in activity, and further rises in average sale values from the previous quarter. Buyer interest and resort visitation have also remained strong with Whistler Blackcomb recording its busiest season on record.

Compared to Qtr. 4 in 2017, overall sales were up 23% although down slightly by 10% YOY. Overall average and median values have continued to increase since year-end 2017; the average transaction value has increased 13% to $1,309,300 and the median value has increased 15.6% to $995,000.

Chalets: The market has remained consistent throughout the quarter with average transaction values rising to $3,252,000, largely driven by an increased interest in newer, higher priced properties. The $1 – $2.5m segment has also been active, with the land component playing heavily in values.

Townhomes & Condos: This continues to be the most active segments of the market, accounting for 70% of all activity. Average sale values rose significantly by 37% for townhouses to $1,581,000, a result of a buyers focusing on larger, well located, unrestricted-use properties. The condominium market also saw an increase in values, albeit only 11% to $662,583.

Sales values and list prices are now consistently exceeding $1,000 per square foot for finished properties, placing Whistler on par with the values achieved in other popular ski areas throughout North America.

Inventory remains low, and buyer interest remains strong; sellers can expect immediate activity on well-priced listings. However, recent provincial government announcements regarding real estate investment and new financial/mortgage requirements are creating an increased level of uncertainty for some buyers. As a result, we expect that market activity will moderate going forward.

We are dedicated to keeping abreast of our market to ensure we provide you with a well-informed, and current strategic view of investment potential and advice on your purchase or sale.

If you have questions, or would just like to chat about the current market, please email us or call 604-932-7670 any time.


YEAR END 2017

The Whistler real estate market experienced another active year in 2017, resulting in significant price increases in most sectors and over one billion dollars of transactions. Despite the total reported sales falling below 2016, strong buyer interest continued to drive valuations.

Total transactions decreased by 16.2% compared to 2016, however this was more than offset by a 26% increase in the average transaction price (currently $1,163,392 compared to $901,451 at the end of 2016). The first half of 2017 was particularly strong due to a peak in buyer interest however as the number of properties offered for sale continued to decline market activity slowed.

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QTR. 2 2016

A significant increase in total transaction volume, dollar value traded and average transaction value has been reported in the first six months of 2016 compared to the same period in 2015.

Market factors driving accelerated growth have remained consistent throughout 2016: strong interest in regional markets, favourable exchange rates and consumer confidence in both the market and resort.

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QTR. 1 2016

The first quarter of 2016 was highly active reporting a 63% YOY increase, a 26% increase over the last quarter of 2015; making this the most active period in the Whistler market since mid-2004. The increase in transactions has driven the average transaction sale price up by 4.2% to $840,000 in this quarter alone.

Market drivers contributing to the high demand in Whistler remain consistent from 2015: low interest rates, a strong US dollar, an intensively active real estate market in the Greater Vancouver area and Whistler’s ongoing positioning as a four-season resort.

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YEAR END 2015

The Whistler real estate market has seen continued growth for the past 5 consecutive years in both sales activity and sales value; the most recent data indicates market conditions have returned to those prior to the financial collapse in 2008/2009.

The resort’s continued efforts in positioning Whistler as a diverse, year-round destination has resulted in ongoing growth in Whistler real estate demand; low interest rates, a favourable Canadian dollar, and an active real estate market in the Greater Vancouver area are all contributing factors to the upward pressure on prices across all market segments.

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QTR. 3 2015

The Whistler Real Estate market enters the 2015/2016 winter season on a high note; having experienced its highest level of sales activity during the last 12 months since 2010. Based on recorded activity for completed transactions and underlying trends in existing business, we forecast year-end value sales activity to exceed $675 million; a YOY increase of approximately 6%, and the highest value since 2007.

As a result of strong activity levels and continuing buyer interest, available inventory is at its lowest level since 2007, providing upward pressure on pricing and providing favourable market conditions for sellers.

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QTR. 2 2015 2015

Strong sales activity continues to characterize the Whistler real estate market in the first half of 2015. Favourable currency exchange rates, low interest levels, a reduced number of available opportunities, and strong demand for Canadian real estate among both domestic and international buyers has continued to support an upward trend in prices in most sectors of the market.

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JR - Whistler Real Estate