More fresh powder out there this am and I heard rumors of a few people who’s employee’s envoked the 20 cm rule and hit the slopes – even though it was a reported 16cm I am sure there were some deeper pockets to be found! The few comments that are in are all fabulous. There is more snow in the forecast so if you are planing a trip up this weekend I am sure it will be a good one.
Here is some great information on the market for 2015 provided by our broker and wow, what a year it was! If you are thinking of selling give us a call to find out what your property is worth in today’s market – you may be pleasantly surprised!
Market activity
In Whistler overall activity levels improved by 14.4% over 2014, with an excess of 673 million dollars of real estate being transacted by the local real estate brokerages.
Based on data available from the Whistler Listing service the average value of a transaction by the end of 2015 reached $799,937, the highest value since 2007, and an increase of 10.5% from 2014.
Activity in the single family market increased by about 22 percent with the average transaction being valued at $1,697,000, a 5% increase since 2014. The condominium/townhouse market had a 6% increase in activity, with condominiums averaging 415,600 (a 7.1% increase) and townhouses averaging 756,142 (an 8.4% increase over 2014).
The luxury market also had a very strong year with almost a 33% improvement in the number of sales occurring above $2,000,000.
The Pemberton market place enjoyed an active year as well, with both the number of sales and the value of sale increasing. The average value of a transaction jumped to $434,475, an increase of 15.4% over 2014, and activity levels were at their highest level since 2008.
What’s next? Going forward we expect prices to remain strong as the factors driving demand for real estate in the corridor will likely remain unchanged. However, as a result of the recent activity, and with no significant new development or building planned north of Squamish, we expect sales activity to fall as a result of a depth of opportunity in the market place
Currently the total number of properties being offered for sale in all segments of the market are at their lowest levels in over a decade and new properties placed on the market will likely sell quickly if properly priced.
Here is the activity for the last 7 days.
