T-minus 3 days until Whistler Blackcomb opening day! Time to get those skis and boards waxed, tuned and don’t forget to prep your ski legs! It feels like the proverbial ‘calm before the storm’ in Whistler, with the frenzied holiday season just around the corner. Speaking of storms, Whistler is fortunate to still be accessible for most travellers, while many other BC ski resorts are cut off from Vancouver with the devastation left behind from the recent floods and landslides.
As a banner year for Whistler approaches its denouement, overall Dollar Volume Traded Year-To-Date is about to cruise past the $1.3 billion mark, and lack of inventory has become the new focus. Listings are at an all-time historical low with at one point in the last few weeks, only one single Townhome for sale. Approximately 40% of current listings are vacant land with new recent new releases in Wedgewoods to Whistlers North, and Cheakamus to the South. 10% are fractional/shared ownership, and the balance a mix of Freehold across all remaining ownership types. The lack of willing Sellers seems to be driven by high market confidence, and the promise of a (hopefully) full and unrestricted ski season. Average Sale Prices have now returned to the similar levels seen at the same time last year, albeit showing increases across the board, Single Family Homes being the standout, up 16% Year-Over-Year for an average of just shy of $4 million. Average price across all sectors has taken a dip this month, as lower priced inventory gets picked off.
Call us today for a detailed market report or property valuation.
Stay safe & live well.
~ Ron & Rachel