More buyers of leisure property choose slopes over sun…

…driving up prices near ski resorts, as quoted in a Vancouver Sun on Friday, February 01, 2008. The survey found that more than 36 per cent of Canadians who own or are considering buying a winter property are leaning towards ski destinations, edging out the 32 per cent of respondents looking for sun spots. “High levels of demand combined with limited inventory have pressured winter recreational property prices upward,”

This is good news for Whistler, after a relative lull in our market, we are beginning to see an increase in activity. Patrick Kelly, president of the Whistler Real Estate company comments that Whistler prices have increased about 10 per cent over the last year, sales are up 50 to 60 per cent, and the number of listings has declined.

PEAK PRICES

Previously the Top five most expensive homes ever sold in Whistler, and when the sales occurred:

$10,467,289 May 2005

$10,000,000 Nov. 2007

$9,345,794 Jan. 2002

$8,600,000 Nov. 2006

$7,900,000 Feb. 2002

2008: John Ryan represented the buyer in Whistlers highest ever sale at 17,500,000