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

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
    This email address is being protected from spambots. You need JavaScript enabled to view it.

    www.EileenCraig.ca *new *
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    Whistler and Pemberton January Sales Statistics

    Whistler January Monthly Stats
    Pemberton January Monthly Stats

    Whistler

    There was an increase in the volume of sales in January compared to December. We had a total of 39 sales in January versus the 18 sales in December. However, January 2019 saw a 40% decrease in the number of sales compared to January 2018.

    The big question is where is the market going? The inventory is increasing – it has doubled since this time last year and the number of sales is dropping. The sales to active ratio has dropped substantially from 43% in January 2018 (a sellers’ market) to 14% in January 2019 (right on the cusp of a balanced market and a buyers’ market). So it appears that we have finally been affected by the Vancouver market which has been reporting significant drops in the volume of sales and a spike in inventory for some time.

    Of these 39 sales for the month of January 2019:

    22 were under $1 million
    • 3 Quarter shares
    • 6 Phase 1 condos and townhomes
    • 8 Phase 2 condos
    • 4 Residential condos and townhomes
    • 1 Employee townhome
    13 were between $1 million and $2 million
    • 5 Phase 1 condos and townhomes
    • 6 single family homes
    • 1 Half duplex
    • 1 Residential townhome
    3 were between $2 million and $3 million
    • 1 single family home
    • 2 Phase 1 townhomes
    1 was over $3 million
    • 1 single family

    Pemberton

    In Pemberton, the total number of sales in January was 7: 4 vacant lots, 1 townhome and 2 single family homes.

    General

    There are now a total of 309 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 70 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.

    Whistler and Pemberton December Sales Statistics

     

     Whistler

     
    There was a significant drop in sales in December - both compared to the previous month and compared to Decembers in previous years.  
     
    We typically experience less sales activity as we head through December and through the Christmas Holidays - this last December was no exception.   
     
    There were a total of 18sales in DecemberOf these 18sales for the month:
    10 were under $1 million
    • 1 Quartershare
    • 2 Phase 1 condos and townhomes
    • 7 Phase 2 condos
       5 were between $1 million and $2 million
    • 3 Phase 1 condos and townhomes
    • 1 single family home
    • 1 Residential townhome

    1 Sale was between $2 million and $3 million

    • 1 Phase 1 townhome

    2 were over $3 million

    • 2 Single family homes

    Pemberton

    In Pemberton, the total number of sales in December was 8: 3 vacant lots, 4 townhomes (including 2 presages at Elevate at Sunstone), 1 single family on Gates Lake. 

    There are now a total of269 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 65listings in Pemberton.  An increase of 5% in listings in Whistler and a drop of 15% in listings in Pemberton.   
     
    The statisticsattachedshow 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.
     

    2018 - Year in Review

    With regards to the year-end, we had a total of 663 sales in 2018 versus 890 sales in 2017.   The beginning of 2018 started out really strong, with record high prices, bidding wars, high demand and little inventory.  It seemed nothing could stop the compelling story of ever rising prices in Whistler’s real estate market.     In hindsight, this peaked around March and then we started to see inventory increase slightly and some resistance to the ever increasing prices. What a difference 9 months can make.    Since then our market has slowed down - very noticeable by the lack of sales in December specifically.    The sales to actives ratio has dropped from 35% in March to 7% in December which puts us officially into a ‘buyers’ market’.    Hopefully this is only temporary and we will see the volume of sales increase in January and February.
     
    Kindest regards, 
     
    Sally

    Whistler and Pemberton November Sales Statistics

     

    Whistler and Pemberton Real Estate Market


     Whistler November Monthly Stats

    Pemberton November Monthly Stats

    Whistler 

    There were 4% more sales in November, compared to October.  There were also slightly more sales in November 2018 than reported in November 2017,  but less than reported in November 2016 and November 2015.  

    We typically experience less sales activity as we head through December and closer to Christmas and this year is no exception.   However, everyone is very excited to see all of the fresh snow - 50cm on the mountains in the last 12 hours!   This will bode well for the real estate market in the New Year - anyone who was concerned that possible global warmer was affecting our snow conditions in the resort, is now revelling in the powder!

    There were a total of 55 sales in November.  Of these 55 sales for the month:

    Pemberton

    In Pemberton, the total number of sales in November was 8: 4 vacant lots, 2 townhomes, 1 single family and 1 condo. 

    There are now a total of 256 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 77 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.

     

    I wanted to take this opportunity to wish you a very Happy Holiday Season!  

    I am optimistic that 2019 is going to be a great year. Happy New Year to you and everyone in your family.  

    Kindest regards - Sally