Whistler Market Report - 2009 in Review

The year started out in 2009 a little like it finished 2008 with sales slow and buyer confidence very low. As we moved further in the second quarter of the year the general mood was optimistic. The final half of the year while not being a record did see a return to more historical sales numbers.

The two areas of the market that saw the biggest increase over 2008 where in Chalets where there was a 11% increase in sales and in shared ownership up in volume by 25%. Condo and town homes were both off in volume for 2009 but there were big changes in that area of the market with Cheakamus Crossing and Rainbow being offered for sale as employee housing.

While volume did pick up in the last ½ of the year the median values were down slightly but not off enough to signal any shift in pricing conditions. It was anticipated that inventory levels of listings would be down over the Olympic period but they remain at near normal conditions. So with prices stable, inventory at consistent levels and the world coming to visit 2010 is setting up to be a good year.