Dean Linnell

Good Morning!

 

The real estate market is starting to heat up along with the weather in Whistler after quite a slow period in May. May traditionally is one of our slowest sales months of the year here as buyer's attentions trend away from activities in Whistler and focus more on home. This year proved to be no different.

 

In the past few weeks I'm fielding more and more phone calls & emails from buyers out of the Lower Mainland who still have no idea that property values in Whistler have come down as much as they have. I can't say that I blame them since in many areas of Vancouver the market is still completely off the charts. Whistler just came off of an Olympic year and a series of massive snowfalls this past ski season. So, how could property values be anything other than on the rise?

 

Well, what you need to understand is that Whistler is primarily a resort economy and when there's a global recession happening second homes and ski resort properties are not on everyone's wish list. In many instances, sellers here are feeling the pinch at home and are looking to divest themselves of certain portions of their real estate portfolios to try to lighten their financial load. This means prices have been on the decline here since the recession began in 2008 and there are some pretty spectacular buys to be had in the Whistler and Pemberton region.

 

Take a look below and see for yourself. If you'd like to discuss the market with me feel free to call or email at any time. I've been a realtor here since 1998 and I know this market like the back of my hand.

 

• #323 Coast Hotel on Blackcomb is a new foreclosure listing of a studio at $109,000. This unit sleeps four and faces the forest at the back of the complex so it's in a very quiet location in the building.

• #317 Lake Placid Lodge is a lofted one bedroom Phase 1 condo that is literally a 1 minute walk to the Creekside Gondola. Priced at $249,000 this is should be on everyone's one bedroom condo tour list.

• 2153-1 Timber Ridge at $569,000 represents huge value for this 4 bedroom plus loft, 1,432 sq. ft. duplex townhome in Bayshores. The master bedroom has a huge walk-in closet, there's massive storage in the exterior storeroom and there are views of the peak of Whistler from each of the three decks. I'm sure this one will not last long.

• #516 Marquise just sold at $280,000. This one bedroom property was a bit of an oddball floor plan but it sold at a great price considering it's only just across the street from the ski-out on Blackcomb.

• A studio Westin #409 just sold at a new low of $130,000. Also keep #713 Westin in mind as it's a much better unit with 7th floor views listed at $149,000. The seller says he'll look at all offers too so let me know asap if you're interested in this Phase 2 (56 days per year allowable owner use) property.

• 2250-1 Taluswood sold last week at $1,350,000 which was $200,000 below the asking price of $1,550,000. Huge end unit townhome with 2,295 sq. ft. of space and 4 bedrooms and 3.5 baths. That was a great deal.

• #204 Horstman House is now down to $69,000! This is the largest one bedroom suite in this quartershare complex and it's a corner unit with south facing views!

• #210 Tyndall Stone Lodge is now down to $318,000 from $365,000. This Phase 1 one bedroom suite has perfect views of the slopes of Whistler and it's in a perfectly central Whistler Village location. You're buying at the bottom of the market here.

• #21 Snowberry has just been reduced to $899,000 from $949,000. This is a very large 3.5 bedroom, 1,700 sq. ft. townhome at Blackcomb Benchlands with vaulted ceilings and it's been completely renovated. Another big-time bargain.

Today's listing inventory in Whistler and Pemberton now sits at 983 active listings.

 

Go ahead and click here for all the newest listings in Whistler and Pemberton in the past 14 days and click here for all the properties that have sold in the past 14 days.

 

Click here for all the price adjusted properties for the two weeks.

 

CLICK HERE for your Monday Morning Coffee. Enjoy!