Whistler Real Estate Newsletter

WHISTLER 2010 REAL ESTATE REVIEW

Whistler Statistics for 1st Quarter 2010

After months of speculation as to the effects of the Olympic and Paralympic Games on the real estate market in Whistler, the signs of renewed interest are strong. Whistler has experienced an increase in sales over $2,000,000 during the first quarter ( 18 in total ) and a substantial increase in general sales during April and May with June looking positive as well.

The massive media coverage during the Olympic Games has definitely lead to an increase in interest about the resort as well as investment opportunities. Tourism Whistler is reporting a huge upswing in the number of web visits to its site over the last months and the community in general is feeling a new confidence about the effects of this exposure and the benefits it will achieve over the coming years.

Real estate investment analysts are predicting that Whistler will see a boom over the next several years although it may start slowly - certainly Vancouver has already seen an incredible increase in its property sales and prices. Many anticipate that 2010 will be the year to buy properties in Whistler with 2011 being the seller's year - everything being cyclical!

In general, the first Quarter of 2010 statistics reflects a slight upswing against the previous year which is significant when we take into account the lack of real estate activity during the actual Olympic and Paralympic Games period - over 6 weeks.

However, we recommend that potential buyers and sellers should work closely with a realtor who will be able to micro-analysis these statistics based on your actual criteria so that you will be provided with more detailed information on how the market will affect your purchase or sale.

With the implementation of the new HST tax on July 1st, it is an opportune time for buyers to take a look at the availability of new properties while interest rates are still low and there is a savings of 7% for deals closing before June 30th.

Review the current Sales Statistics - up to April 2010

 

DISCLAIMER;

E&OE
All information is provided by the Whistler Listing System and is deemed to be accurate.  The Whistler Listing System and RE/MAX Sea to Sky Real Estate Whistler make no warranties or guarantees as to the accuracy of the information and cannot be held responsible in the event of error.