Newsletter | March 2023
Spring has arrived, and the sun is shining. Although Whistler has yet to display any signs of blossoms, the good news is that skiing remains fantastic. As is customary at this time of year, we have seen an influx of new listings, resulting in a steady number of sales.
One commonly asked question is, "When is the best time to sell?" To answer this, I conducted a thorough analysis of the sales data from the past decade. However, due to the diverse real estate market in Whistler, which caters to almost 14,000 permanent residents and numerous vacation homeowners owning single-family homes, townhomes, condos, hotel suites, and shared ownership options, it is difficult to identify a "best time" to buy or sell. Moreover, with Whistler's evolution into a true four-season resort, transactions have balanced out throughout the year.`
To find out more about the current market conditions and what is happening in local real estate, read my full newsletter here.
Newsletter | February 2023
To find out more about the current real estate market conditions in Whistler and Pemberton, read my full February newsletter.
Newsletter | January 2023
Happy New Year! I hope you enjoyed the holidays and found time for some fun and relaxation. We had wonderful family gatherings with our kids, aunts, uncles, cousins and of course, my amazing Mom, who is 90 years young!
The market remains static as listing inventory remains low. As we move into the later part of January, market activity seems to be improving. With more clarification for consumers on the Foreign Buyers Ban and the new Recession Period people are starting to look at their real estate options with more perspicuity. As predicted, the Bank of Canada raised its Central Bank rate by another .25% on January 25th. The effect of this increase will mean another $14.00 per month for every $100,000 borrowed by the consumer. The Bank of Canada says they will now pause rates while they wait to assess the impact of the cumulative rate increases so far.
If you're trying to make sense of where the real estate market is going and trying to make real estate decisions I am always here to help, and please check out my latest newsletter for the most up-to-date market information here.
Newsletter | December 2022
As 2022 comes to an end we can certainly say that it has been an interesting year. While the world was opening back up to travellers, interest rates were rising and the pace of the real estate market was slowing.
We have seen a significant drop in the number of sales over the year. Inventory remains low, as buyers and sellers wonder what's next. My experience tells me that the start of the 2023 real estate market will remain unhurried, which will make it a good time to buy and or sell.
Sellers are still experiencing strong gains based on the 5-year average and Buyers have time to make confident, educated decisions about fair market value and the quality and location of their new home.
I expect the latter part of 2023 will be a more active market.
Find out more about the current market conditions in my December newsletter by clicking here.
Newsletter | November 2022
Winter has arrived, ski season is upon us, and the holidays are right around the corner. This is always an exciting and welcome time of year in Whistler as the holiday lights brighten the Village Stroll and the snow lines creep down the mountain.
The current real estate market remains similar in Q3 with average sale prices remaining above pre-pandemic levels. While inventory has increased throughout the third quarter, it remains lower than the 5-year average. The good news is that the bidding wars are over and buyers and sellers are now able to enter into negotiations with reasonable time frames and expectations.
So what does this mean for your decisions to buy or sell in Whistler? Read my full newsletter here to find out.
Newsletter | October 2022
Winter is coming, where is the real estate market going?
Although summer real estate activity was slower than usual, we are seeing an increase in activity as the ski season approaches. Inventory is increasing and sales are staying steady, albeit there are fewer sales than normal for this time of year. With a steady increase in new listings, we find ourselves moving toward a buyers' market with 5 - 7 months' worth of inventory. As with any change in real estate markets, there is always opportunity. We have seen some price adjustments but on average, prices have remained steady throughout 2022.
So what does this all mean? Read my October Newsletter here to find out.
Newsletter | September 2022
With warm days to enjoy the outdoors and cool evenings to cuddle up under a blanket, September is a wonderful time of year in Whistler!
In terms of real estate, the market was a little slower than normal throughout the summer. As we enter mid-September, however, we are beginning to see increased activity - a typical trend for our market.
What does this mean for the coming months? How might it impact your decision to buy or sell? Find out by reading my latest newsletteer HERE.