Summer 2011

Whistler Newsletter
A Stable Market and Summer Sunshine in the Forecast!!
July 2011

Sales Statistics
2011 2010 2009 2008 2007 258 Sales 214 Sales 168 Sales 317 Sales 450 Sales

Summer is finally here

at least thats what the calendar says. After a fantastic winter with many epic snow days and a cool non-existent spring, the anticipation of some summer sunshine and warmth is a welcoming thought. But when? It seems we get two days of summer then six days of fall. I guess that's life on the West Coast! Although our spring and summer weather hasn't been stellar, at least our local real estate market has continued to show signs of growth and stability compared to the past two years. 2011 Year to Date sales (Jan-June) total 258 compared to 214 for the same time last year and 168 for 2009. See left for the past 5 years.

So far this year the number of sales has been relatively consistent month to month ranging from a low of 33 in January to a high of 50 in March, with a monthly average of 43. Residential townhomes have been the most popular property type with buyers. The most active price range for Whistler buyers has been between $350,000 to $900,000. Next in line are higher-end townhomes and single family chalets in the $1.1M to $1.8M range. One key focus for buyers is properties that are exempt of the HST.

Sales by Property Type

The leader in property sales has been Townhouses, at 75 YTD. Single Family Chalets totaled 44, Unrestricted Condos 43, Restricted/Hotel Use Condos 38, Strata Duplexes 5, Vacant Land 7, Quartershares 36.

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Buying Trends
Buyers should continue to have a good selection of properties
The buying trends of the past several years are the same trends driving todays market. Lifestyle, recreation and principal residence are the key reasons for buying. The majority of buyers continue to be from the Metro Vancouver area with a limited number of buyers from the Western USA and Asia. In general, listing inventory for most property types remains high compared to the number of sales. The Rule of Thumb (Active Listings versus Sales Ratio) for determining a Sellers or Buyers market, indicates we are still in a Buyers market for most property types. As a result, buyers should continue to have a good selection of properties. And as we have seen over the past several years, buyers will continue to look for motivated sellers, properties that meet their needs and offer good value for their investments. *

Have a great summer see you in Whistler!

Sutton West Coast Realty Whistler 36-4314 Main Street, Whistler BC Canada V0N 1B4 Office: 604.935.3380 / Fax: 604.935.3390 Toll Free Canada & USA: 1.866.978.8866 Web: www.SuttonWhistler.com Blog: www.whistlerresortrealestate.blogspot.com

(Disclosure: In our endeavors to provide information to past and current clients, we periodically send real estate related information such as this. However, should you not wish to receive future mailings, please let us know and we will remove your name from our database. This communication is not intended to cause or induce breach of an existing agency agreement. All sales data is from the Whistler Listing System. E&O. E)