Whistler and Pemberton May Sales Statistics

Whistler May Monthly Stats

Pemberton May Monthly Stats 

 

Whistler

There was another drop in the volume of sales in May compared to April of this year, with May being the 2nd slowest month for sales in 2019.   We had a total of 35 sales in May compared to 47 sales in April, 57 sales in March, 31 sales in February and the 39 sales in January (all companies reporting).    We are still hovering just below a 40% decrease in the number of sales in the 1st five months of 2019 compared to the 1st five months of 2018.

Of these 35 sales for the month of May 2019:

22 were under $1 million

  • 1 shared ownerships
  • 6 Phase 1 condos and townhomes
  • 11 Phase 2 condos
  • 2 Residential condos and townhomes
  • 1 employee townhome
  • 1 vacant lot

10 were between $1 million and $2 million

  • 1 Phase 2 condo
  • 4 Phase 1 condos and townhomes
  • 3 Single Family homes
  • 2 Residential townhomes

3 were between $2 million and $3 million

  • 1 single family homes
  • 3 Phase 1 condos and townhomes


There were no sales over $3 million in May

Pemberton

There was a less activity in Pemberton in May compared to April.   The total number of sales in May was 12:  3 condos, 3 townhomes, 2 vacant lots, and 4 single family homes. 

General

There are now a total of 328 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 76 listings in Pemberton.  A slight increase in listings in Whistler but no change in the listing inventory in Pemberton compared to last month.   

Metro Vancouver - May saw a modest increase in home sales in Metro Vancouver with sales eclipsing 2,000 for the first time this year but overall the market in Metro Vancouver is still slow and seeing downward pressure on home prices.   Ashley Smith, Real Estate Board of Greater Vancouver president said “Whether you’re a buyer looking to make an offer or a seller looking to list your home, getting your pricing right is the key in today’s market”.   Her comments also apply to the Whistler market.    Bryan Yu, deputy chief economist of Central 1 Credit Union recently reported that recreational sales were seeing a knock-on effect from the slowdown in the Metro Vancouver housing market.   He said that “The slowing of the market in Metro Vancouver means that homeowners feel a little less wealthy, especially if they have detached homes, and that in turn will lower demand for secondary homes in other markets.   These markets are all interrelated”.

 
The statistics attached show the total dollar volume of sales and number of sales in each category - chalets (single family homes), condominiums, Phase 1 condos, Phase 2 condos, duplexes, shared ownership, town-homes and vacant lots.  It also has the total of all of these categories.  This includes all sales reported by all of the real estate companies in Whistler.

Kindest regards - Sally

                President’s Club Member (Top 1% in Greater Vancouver)

                Top 10 in RE/MAX Western Canada

 

 

Whistler and Pemberton April Sales Statistics

Whistler April Monthly Stats

Pemberton April Monthly Stats

 

Whistler

There was a slight drop in the volume of sales in April compared to March of this year.   We had a total of 47 sales in April compared to the 57 sales in March, 31 sales in February and the 39 sales in January (all companies reporting).    We are still hovering around a 40% decrease in the number of sales in the 1st four months of 2019 compared to the 1st four months of 2018.

Of these 47 sales for the month of April 2019:

  • 24 were under $1 million
  • 2 shared ownerships
  • 9 Phase 1 condos and townhomes
  • 7 Phase 2 condos
  • 4 Residential condos and townhomes
  • 2 parking stalls

15 were between $1 million and $2 million

  • 2 triplex
  • 1 Duplex
  • 7 Phase 1 condos and townhomes
  • 1 Single Family homes
  • 4 Residential townhomes

6 were between $2 million and $3 million

  • 1 single family homes
  • 5 Phase 1 condos and townhomes

2 were over $3 million

  • 2 single family homes 

Pemberton

There was a flurry of activity in Pemberton in April.   The total number of sales in April was 19:  3 condos, 5 townhomes, 8 vacant lots, and 2 single family homes. 

General

There are now a total of 322 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 76 listings in Pemberton.  A slight increase in listings in Whistler but a marginal decrease in listing inventory in Pemberton compared to last month.   
 
The statistics attached show the total dollar volume of sales and number of sales in each category - chalets (single family homes), condominiums, Phase 1 condos, Phase 2 condos, duplexes, shared ownership, town-homes and vacant lots.  It also has the total of all of these categories.  This includes all sales reported by all of the real estate companies in Whistler.

 

Kindest regards - Sally

                President’s Club Member (Top 1% in Greater Vancouver)

                Top 10 in RE/MAX Western Canada

Whistler and Pemberton March Sales Statistics

Whistler March Monthly Stats

Pemberton March Monthly Stats

 

Whistler

There was an increase in the volume of sales in March compared to January and February of this year.   We had a total of 57 sales in March compared to the 31 sales in February and the 39 sales in January (all companies reporting).    However, we still saw a 40% decrease in the number of sales in the 1st three months of 2019 compared to the 1st three months of 2018.   The volume of sales is going to taper off towards the end of April as the skier visits drop off significantly,  but hopefully we will be able to continue our sales ratio of 16% of current listings, which is indicates a ‘balanced’ market.

Of these 57 sales for the month of March 2019:

31 were under $1 million

  • 7 shared ownerships
  • 8 Phase 1 condos and townhomes
  • 10 Phase 2 condos
  • 5 Residential townhomes
  • 1 Employee townhome

15 were between $1 million and $2 million

  • 2 Phase 1 condos
  • 1 Duplex
  • 4 Phase 1 townhomes
  • 6 Single Family homes
  • 2 Residential townhome
  • 6 were between $2 million and $3 million
  • 3 single family homes
  • 3 Phase 1 townhomes
  • 5 were over $3 million
  • 5 single family homes


 

Pemberton

In Pemberton, the total number of sales in March was 7:  3 condos, 1 townhome, 1 vacant lot, and 2 single family homes. 

General

There are now a total of 316 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 77 listings in Pemberton.  A slight decrease in listing inventory in both communities compared to last month.   
 
The statistics attached show the total dollar volume of sales and number of sales in each category - chalets (single family homes), condominiums, Phase 1 condos, Phase 2 condos, duplexes, shared ownership, town-homes and vacant lots.  It also has the total of all of these categories.  This includes all sales reported by all of the real estate companies in Whistler.

Kindest regards - Sally

                President’s Club Member (Top 1% in Greater Vancouver)

                Top 10 in RE/MAX Western Canada

Whistler and Pemberton February Sales Statistics

Whistler February Monthly Stats

Pemberton February Monthly Stats

Whistler

There was an drop in the volume of sales in February compared to January - but this partially reflects the short month of February!   We had a total of 31 sales in February versus the 39 sales in January.    However, more significantly February 2019 saw a 55 % decrease in the number of sales compared to February 2018.   Although March is proving to be a little busier, the overall drop in the volume of sales is now a sign of the new market conditions being experienced in Whistler.    Interestingly, we saw more sales in the high end in the month of February - reflecting the diversified demographic and geographic source of our buyers, with many being here in February from the US and overseas.

Of these 31 sales for the month of February 2019:

16 were under $1 million

  • 4 Quarter shares
  • 3 Phase 1 condos and townhomes
  • 6 Phase 2 condos
  • 1 Residential townhome
  • 1 Employee townhome
  • 1 Vacant Lot

4 were between $1 million and $2 million

  • 2 Phase 1 condos
  • 1 Phase 1 townhome
  • 1 Residential townhomes

5 were between $2 million and $3 million

  • 3 single family homes
  • 2 Phase 1 townhomes

6 were over $3 million

  • 1 single family
  • 1 Phase 1 townhome
  • 2 Phase 2 condos (Four Season’s Private Residences)
  • 1 Vacant Lot
  • 1 Bed and Breakfast

Pemberton

In Pemberton, the total number of sales in February was 14:  4 condos, 5 townhomes, 2 vacant lots, 2 single family homes and 1 single family home on acreage. 

General

There are now a total of 330 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 81 listings in Pemberton.  An increase in listings in both communities compared to last month.   

The statistics attached show the total dollar volume of sales and number of sales in each category - chalets (single family homes), condominiums, Phase 1 condos, Phase 2 condos, duplexes, shared ownership, town-homes and vacant lots.  It also has the total of all of these categories.  This includes all sales reported by all of the real estate companies in Whistler.

Kindest regards - Sally

   President’s Club Member (Top 1% in Greater Vancouver)

   Top 10 in RE/MAX Western Canada

What changes the Federal Budget might make to housing affordability?

What changes the Federal Budget might make to housing affordability?

Here are the details:

1) First Time Home Buyer Incentive, as a way to help with housing affordability the government is earmarking $1.25 billion over three years for something it’s calling a "shared equity mortgage"
The details are not confirmed yet, but it will be more like an almost interest-free loan, where the repayment plan doesn’t require any payback until years in the future. In order to qualify, an applicant must have a household income of less than $120,000.00 per year and be able to come up with a 5.00% downpayment – the minimum required for an insured mortgage through Canada Mortgage and Housing (CMHC)

If the prospective buyer meets the conditions described above, under the program the CMHC would kick in up to 10.00% of the value of a newly built home, or 5.00% of the value of a resale home.
Precise details of the program won’t come out until later in the fall. Not a program we can start offering yet.

2) The government is also increasing the amount that a first-time buyer can withdraw from an RRSP, without penalty - $35,000.00 up from the current $25,000.00. Ottawa will also amend the RRSP withdrawal rules to help people who have been through family crises.

Starting this year, Canadians who have seen their marriages or common law partnerships break down will be able to participate in the Home Buyer’s Plan, even if they don’t meet the technical requirement of being a first time buyer.

Feel free to email me This email address is being protected from spambots. You need JavaScript enabled to view it. or call to chat about it.

Thanks,

Eileen

Eileen Craig, Independent Mortgage Professional
DLC Sea to Sky Mortgages
106-7015 Nesters Road, Whistler, B.C. V0N 1B7
Direct: 604-698-8583 
Fax: 604-932-4120
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