CMHC has predicted a 18% fall in home values over the next 12 months. Has Whistler seen any indicators consistent with this prediction?
This is what the sales look like for April 2020 - down 76% compared to April 2019 and down 80% in volume compared to 2018
In April, we saw a total of 12 sales:
5 were under $1 million
1 Residential condo
3 Phase 1 townhomes and condos
2 were between $1 million and $2 million
1 Residential townhome
1 Phase 1 condo
3 were between $2 million and $3 million
3 Phase 1 townhomes
2 were over $3 million:
1 single family home on Alta Lake and 1 Four Season’s Private Residences.
There were a total of 4 sales in Pemberton in April: 1 vacant lot, 2 single family homes and 1 single family home on acreage
There are now a total of 356 listings in Whistler (all types of properties including timeshares and parking stalls) and a total of 76 listings in Pemberton – not much change in inventory since the beginning of the year. To put it into prospective, we had over 1,000 listings in Whistler, in 2012.
The statistics attached show the 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.
While we have been working from home, we have taken this opportunity to re-design my website: www.propertiesinwhistler.com. I would love it you would take a look and let me know your thoughts. There is lots of new content, information and resources. If you like what you see, I would also love if you would like my Business Facebook Page: Sally Warner, RE/MAX Sea to Sky Real Estate or like my Instagram: @sallywarner1 - both of which have information on up-coming listings and great real estate articles.
Kindest regards - Sally
President’s Club Member (Top 1% in Greater Vancouver)
Top 100 in RE/MAX Western Canada