The real estate market in Whistler during the first quarter of 2021 continued to exhibit the themes and results experienced during the second half of 2020. Historically high levels in the number of sales continued the upward pressure on values while reducing the number of listings and time on the market for those listings. Both factors meant we found ourselves …
If we could use a few words to describe the Whistler real estate market in 2020 it would be that it was a roller coaster ride. Sales activity started slowly and then dropped to almost nothing in the second quarter, recovered and roared ahead to historical levels in the third and fourth quarters while slowing again in December. Overall for …
The third quarter of 2020 saw a significant surge in activity in the Whistler marketplace with all sectors returning to pre-COVID activity levels. This activity also moved sales values higher overall and all indications are that market activity in 2020, despite all the uncertainty, will exceed the market performance of 2019. Like most recreational and small resort areas across North …
As many have already stated, the first half of 2020 was an unpredictable time. The COVID-19 shutdown of day to day activities for over 60 days created unparalleled uncertainty both economically and socially. Although an essential service, real estate activity was severely impacted due to consumer uncertainty about the future, travel restrictions, and health and safety concerns. This uncertainty about …
The Real Estate Market Through the first quarter of 2020, the real estate market in Whistler followed trends experienced throughout southwestern BC with a strong and improving marketplace during January and February, followed by a significant slow down in March as result of a global and local shutdown of most parts of the economy and society due to the COVID-19 pandemic. …
Paralleling the trends seen through BC, the real estate market in Whistler started 2019 at a slower pace; however recovering consumer confidence, high tourism numbers, and low interest rates saw the market rebound to historically normal levels through the second half of the year. So, although the number of transactions that occurred in 2019 was lower than 2018, the overall …
After a lower-than-expected second quarter of the year, the third quarter of 2019 saw a return to the levels of activity seen over the previous six quarters. After hitting a historic low number of listings two years ago, the number of properties listed has steadily increased as has the time on the market for sellers (depending on the type of …
The real estate market is a hot topic in British Columbia right now but with all that is being reported, it is important to keep in mind that “Real Estate is a local phenomenon” – and never has this statement been more true than today. Most media reports and industry press releases aggregate data from wide geographical areas, rarely do …
As a real estate market that is largely driven by discretionary decisions, the supply and demand factors that drive sales in Whistler differ from most urban markets and, as such, the resort market continues to follow its own direction as compared to other surrounding marketplaces. After several years demonstrating strong Sellers’ Market conditions, the local market is currently trending towards a much …
In February, The Whistler Real Estate Company presented the 2019 View From Here event. This year’s theme was Charting the Course. The goal of this year’s event was to provide insight into the many factors that impact Whistler’s business and investment environment. The afternoon began with an overview of the macro framework that decision making works within in Whistler. This overview included a …
