Whistler Realestate
Dave Brown
davebrown@wrec.com 604.905.2805 604.905.8438 www.davesellswhistler.com
Where do the Buyers for Whistler Real Estate Come From?
I often get asked what part of the world do the purchasers of real estate in Whistler come from?  Many think that we have a large amount of foreign buyers, but in actual fact,as you will see in the graph below that 70% of our Buyers are from British Columbia!

Find out all you need to know about owning, purchasing or selling property in Whistler and Pemberton, as we review our final quarter from data on the market in 2019! 
Whistler’s Real Estate market in 2019 began slowly, paralleling trends seen throughout British Columbia which began back in the second half of 2018 and continued into the first half of 2019.
However, a strong recovery in consumer confidence combined with low-interest rates and a strong tourist season saw the marketplace return to its historical levels of activity during the second half of 2019. Therefore, despite the total number of transactions being below that achieved in 2018 by 16%, the overall average transaction remained essentially unchanged from that achieved in 2018, finishing the year at $1,247,388.

Watch Whistler Real Estate owner Pat Kelly's year end report on the Whistler real estate market.

That being said, different categories of the market experienced different results during 2019 that should be highlighted to better understand where we stand heading into 2020.

Single-Family Homes in Whistler

Despite an approximately 12% reduction in activity, the average transaction value was largely unchanged from one year ago, finishing 2019 at $2,881,000. Over the course of the year the number of properties offered for sale increased steadily and the total number of listings, as well as the average time on the market, also increased. Going into 2020 we will see a balanced market for single-family homes, particularly those below $3,000,000.

Townhouses in Whistler

The townhouse market experienced both an 18% decline in activity, and a drop in average transaction value by 11%. By the end of 2019, the average sales value for a townhouse was $1,354,000. Much of this sectors behavior is as a result of fewer luxury townhouse sales, an increased focus on properties that offered short term rental opportunities combined with fewer listings being offered on market. Overall value per square foot held steady at $1,150.00 a square foot. The average time on the market also remains largely unchanged and the number of listings has not increased. Going into 2020 we expect this market to be balanced, with a continued strong interest in lower-priced townhouses that offer rental opportunities. We anticipate sales value to continue in the $1,100-$1,200 square foot range.

Condominiums in Whistler

Similar to the last two sectors, the condominium market experienced a drop in sales activity in 2019, 15% below 2018. However, it was the most active part of the market with over 200 sales. Strong demand for condominium properties fueled an increase of the transaction value by 9% to $733,000. Like the townhouse sector, properties that offered the opportunity for either managed, or personally managed, rental incomes were extremely popular and often resulted in multiple offers in the second part of the year. Overall the total number of listings fell slightly, while average days on the market increased to 43 days, but still indicative of a seller’s market.

Whistler’s Luxury Market

The luxury market in Whistler (properties over $3,000.000) is a highly specialized, unique market that is difficult to analyze. This is due to its small size and the unique features that are often found with these one-of-a-kind properties. Overall, sales activity fell significantly during 2019, however, the average value of those transactions increased by 7% during the year to finish at $4,856,368 ($1,483 per square foot). As we move into 2020, the expected time on the market will begin to lengthen as a result of the slowly increasing number of properties being offered for sale in this price range when compared to prior years. We would expect that sellers should be patient, and price effectively if they wish to meet their goals within the next 12 months. The luxury market going into 2020 can best be described as a buyer’s market.

A Look Ahead at 2020

In summary, we believe that the uncertainty and lack of confidence that impacted consumer decisions in the last half of 2018 and the first 6-8 months of 2019 is behind us. Significant pent-up demand exists for all properties, with a strong focus on properties under $3,000,000, and properties that can generate short term rental income.
Would you like an update on what your Whistler or Pemberton property is worth? Thinking of buying and want to explore your options? Please call or email me and I would be happy to do a market evaluation. I can put together a plan to help you achieve your goals.
Property Assessments in Whistler 
Property Assessments are now available and should have already reached your mailbox. To the surprise of some, our area has bucked the trend of falling values seen throughout most of the province this year. This has occurred despite a significant reduction in sales activity similar to the rest of British Columbia.
So, how does activity fall but values rise?

Find Out More
Reasons Your House Isn't Selling (and what to do about it!)
Selling a property in Whistler can sometimes be a long and complicated process. You may have heard stories about how fast Whistler properties sell, but that’s not always the case.

If your property isn’t selling as fast as you’d hope...
Read More
Feature Listings
Whistler Waterfront Townhouse
406- 6850 Crabapple Drive
BEDS: 1   BATHS: 1  SIZE: 500 Square Feet
A perfect place for the outdoor enthusiast, “Adventures West” has everything you need to enjoy the Whistler lifestyle. Conveniently located next to the Valley Trail and the River of Golden Dreams, this complex also offers private beach access to Alta Lake. This one-bedroom, one-bathroom townhouse has been fully renovated to feel bright and modern. Updates include stainless-steel appliances and hardwood floors throughout. Some of the unique touches to this property include a barnboard feature wall in the bedroom and a farmhouse-style kitchen eatery. Snuggle up next to the wood-burning fireplace in the winter or enjoy a glass of wine on your walkout patio in the summer. This unit comes equipped with washer/dryer, storage locker as well as separate storage for your kayak, paddleboard, or bike with enough space for any additional seasonal gear! With only a short 15-minute walk to Whistler Village, this outdoor oasis won’t last long!  Click here to view listing details and here to take a virtual tour of the property.
Whistler Village Townhouse
44-4388 Northlands Boulevard
BEDS: 1   BATHS: 1   SIZE: 618 Square Feet
Upgraded 1 bedroom/ 1 bathroom townhome in the popular Glaciers Reach complex in Whistler Village. Walk to ski lifts, restaurants and shops. This two level home features open concept kitchen and living room area. Enjoy cozying up in front of gas fireplace with a glass of wine or sitting on one of the 2 private decks to relax on after a day on the slopes. The complex features pool, hot tub, exercise room and underground parking. Unlimited owner use with nightly rental option, ideal for when you are not using your townhome, making it the perfect Whistler investment.  Click here to view photos and listing details.
Great Views, Private and Spacious Townhouse!
3120 St Moritz Crescent
BEDS: 2   BATHS: 2   SIZE: 1,248 Square Feet
Escape the hustle and bustle of Whistler Village in this bright, private two-bedroom/two-bathroom end unit townhouse! Located in the popular Blueberry Hill Estates, it features an open concept living area with high ceilings, large windows offering plenty of natural light and an upgraded kitchen with granite countertops and stainless-steel appliances. Sit back and cozy up to the wood burning fireplace in the winter or enjoy a glass of wine from your private balcony with views of Alta Lake and Whistler Mountain in the summer! This fully furnished turn-key townhouse has plenty of storage space and a covered carport, making this a great home for full time living, as a weekend retreat or unlimited nightly rentals. Conveniently located just steps to the Valley Trail and Whistler Golf Course, a short walk 15-minute stroll will take you to right to everything Whistler Village has to offer!  Click here to view listing details and here to take a virtual tour 
I'd love to get your feedback on how it was working with me as an agent. If you have the time, please feel free to leave me a review so together we can assist other locals in the buying and selling market! 

Connect with us
Whistler Real Estate Facebook Whistler Real Estate Instagram Whistler Real Estate Twitter Whistler Real Estate Youtube Whistler Real Estate Linkedin
1.800.667.2993 | whistlerrealestate.ca
Whistler Realestate
Please enable images

The Whistler Real Estate Company Ltd.  •  17-4308 Main Street  •  Whistler, BC V0N-1B4


Subscribe  •  Preferences  •  Send to a Friend  •  Unsubscribe  •  Report Spam
Powered by MyNewsletterBuilder
Please enable images
Please enable images
Share on Facebook Share on Twitter More Share Options