Market Update - Whistler Real Estate
Average Sales Prices Last 12 Months By Area
| House | Condo | Townhouse | Vacant Land | |
|---|---|---|---|---|
| Whistler South | 1,468,400 | 325,000 | 721,800 | 1,084,000 |
| Whistler Centre | 1,588,400 | 621,500 | 674,000 | 1,250,000 |
| Village/Bench | 5,860,000 | 577,000 | 1,043,300 | N/A |
| Whistler North | 1,195,430 | 470,000 | 982,300 | 811,100 |
| Pemberton | 526,000 | 282,500 | 319,000 | 308,000 |
Much like financial markets, real estate also works in cycles - and Whistler is no exception. Macro-economic trends, demographics, weather, buyer psychology, and even the seasons, all move the markets to favour either the buyer or the seller at any particular point in time.
The common theme throughout this cycle however, is that opportunity always exists for the well-informed investor, property owner or purchaser. Recent economic events have certainly had their part in impacting the volume of sales in the Whistler marketplace. Yet this actually presents significant opportunity for anyone considering an investment in Whistler and the surrounding area.
The recent slowing of sales means there is a tremendous variety of options available for consideration. Sales values are at levels that have not been seen in more than five years, and with interest rates at historical lows, the carrying costs of ownership in Whistler have never been lower.
Whistler continues to evolve and mature as the leading four-season mountain resort community in North America, offering an unparalleled array of services and amenities that appeal to all age groups. With the eyes of the world locked on Whistler until the end of 2010, the resort’s long term value has become more obvious than ever before.
