Whistler Real Estate Market Update // September 2019

Whistler Real Estate Market Update // September 2019


– In this video, I’ve
got the three main things you need to know about the
Whistler real estate market going into the final quarter of 2019. (upbeat music) Number one, the total number
of listings has increased from its historical low of two years ago, and as you can imagine, time on market for sellers has lengthened. So it’s pretty safe to say that we’re currently in a
historically balanced market. Number two, despite lower
levels of sales activity when compared to several years ago, average sales transaction
values have not been impacted. In fact, the average median sale price, taking into account all property types is currently $1,270,000, which
is actually slightly higher than at the start of this year. Number three, when we look at properties above the five million dollar price range, we’re seeing high activity
and strong interest from both international
and domestic buyers. This hyper-luxury end of
the market saw four sales above nine million
dollars so far this year, which is a first for a
very long here in Whistler. So as we head into the
2019-2020 ski season, I expect that the trends we’ve been seeing in the third quarter will
continue to the end of the year and certainly well into 2020. Buyers are going to continue to show a strong interest in the
current limited supply of Whistler properties, especially those which are
unique or new to the market, and especially those condos and town homes in Whistler Village and
at Blackcomb Benchlands that can generate strong rental income. That’s all for today. If you’d like to stay up to date with the market in Whistler, join me for Whistler
Friday morning coffee. It’s my weekly Friday email that overviews the
Whistler real estate market and provides great advice for buying or selling
real estate in Whistler. You can join for free at
WhistlerFridaymorningcoffee.com. And if you’ve got questions, you can also call or email me today at the info on your screen. Thanks again, and I look
forward to hearing from you. (upbeat music)