This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Moderator: admin

 
User avatar
Lady Luck
Real Estate Talker
Topic Author
Posts: 2310
Joined: Sun Jun 20, 2004 9:51 am
Contact:

Whistler Sales up 58% 2011 YTD

Fri Jun 17, 2011 7:27 am

http://www.whistlerquestion.com/article ... tate-sales



Not related to this story I was interested to learn of Whistler's first Asian real estate agent speaking Cantonese, Mandarin, Hokkien and Bahasa, who also specializes in Feng Shui. Now that is something different!
 
User avatar
jesse1
Real Estate Talker
Posts: 5097
Joined: Mon Feb 18, 2008 12:51 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Fri Jun 17, 2011 2:59 pm

I'm not sure 2010-2011 YOY is a fair comparison given the run-up to and wind-down from the Olympics was effectively for half of that time; I would look at the previous 10 years as indication of "normal". One hopes locals don't abandon vacation properties :shock:
 
MultipleOffer
Real Estate Talker
Posts: 734
Joined: Thu Feb 17, 2005 2:05 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Sat Dec 17, 2011 7:57 pm

Ay reliable source for market statistics in Whistler? Thinking of buying up there but want to check out trends etc.
 
Taipan
Real Estate Talker
Posts: 3574
Joined: Fri May 30, 2008 11:24 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Sat Dec 17, 2011 8:39 pm

..
Last edited by Taipan on Sun Aug 11, 2013 2:22 am, edited 1 time in total.
 
MultipleOffer
Real Estate Talker
Posts: 734
Joined: Thu Feb 17, 2005 2:05 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Sun Dec 18, 2011 4:45 pm

I was asking about whistler not interior ski properties?..
 
Taipan
Real Estate Talker
Posts: 3574
Joined: Fri May 30, 2008 11:24 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Sun Dec 18, 2011 4:54 pm

..
Last edited by Taipan on Sun Aug 11, 2013 2:23 am, edited 1 time in total.
 
thirdlittlepig
Real Estate Talker
Posts: 1643
Joined: Fri Jun 20, 2008 12:00 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Sun Dec 18, 2011 7:39 pm

I was asking about whistler not interior ski properties?..
Here's a little nugget for ya: at the current rate of sales it would take 530 days to sell the active listings at whistler, roughly 18 MOI. no break down for different prices ranges, but I hear tell now is a great time to buy!
 
MultipleOffer
Real Estate Talker
Posts: 734
Joined: Thu Feb 17, 2005 2:05 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Mon Dec 19, 2011 11:00 pm

There must be some official source for market stats..... WLS / Whistler Real Estate Co and Whistler ReMax sites don't contain any sales data. Basically i'd like to see a graph of market trends in the area for detached, attached and condo. Should be easy to get, no?
 
Taipan
Real Estate Talker
Posts: 3574
Joined: Fri May 30, 2008 11:24 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Tue Dec 20, 2011 2:02 am

..
Last edited by Taipan on Sun Aug 11, 2013 2:23 am, edited 1 time in total.
 
thirdlittlepig
Real Estate Talker
Posts: 1643
Joined: Fri Jun 20, 2008 12:00 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Tue Dec 20, 2011 6:37 am

There must be some official source for market stats..... WLS / Whistler Real Estate Co and Whistler ReMax sites don't contain any sales data. Basically i'd like to see a graph of market trends in the area for detached, attached and condo. Should be easy to get, no?
Taipan is correct. The stats are what they are, but what are they is the question. I have seen (here in the Okanagan, but it is still relevant) places on the market year after year, listed under different realtors, or real estate comapanies at different times, yet they are called "new listings". The stats say they sold for "95% of list price" or whatever, so it sounds like the market is pretty busy. But that price has been drifting down every year for many types of homes (not just the dumps, new homes, or slightly older but decent homes, even really nice homes). Yet when it finally sells they claim it fetched full price, sure after it was discounted how many times. Or a home is bought by a flipper, they spend so many tens of thousands of dollars on renos, then it's up for originally more than they bought (naturally), but when you are doing that with hundreds of homes, it shows up as an apparent increase in value of homes, which it isn't. A few years later, these same homes are still for sale, but eventually at a price where they are not going to recoup their expenses, almost back at the original price they payed before the cost of renovations.When there are a lot of speculators in the market the prices are what they optomistically think these homes will be worth in an upward market. If buyers are foolish enough to think that's a reasonable price, they get sucked in. As the market cools, it takes a while for everyone to realize the stats were accurate but had little to do with the value of the home in a weak economy. The average price will seem to rise because only the rich folks can buy homes, but the unsold (over-priced) moderate homes still aren't moving, which is what most people would be looking at. Year after year the inventory is high, so a lot of homes are either not selling or coming back on the market next year, or there are just more and more becoming available (boomers downsizing, plus economy weakening, old folks dying/ young people just not getting enough jobs, construction people moving elsewhere for jobs leaving rental vacancies etc.) All of the "stats" are only relevant for the current interest rate environment, and under all the government stimulus which is drying up now, as soon as rates rise the picture will change drastically unless some other new "boom" comes to B.C.
 
User avatar
jesse1
Real Estate Talker
Posts: 5097
Joined: Mon Feb 18, 2008 12:51 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Tue Dec 20, 2011 11:50 am

TLP, I think Kelowna's market is dead man walking. Not sure if 2012 will be "the" year but it's not looking promising for sellers. Private lenders aren't touching the Okanagan right now FWIW.
There is no shame in overpaying
 
Taipan
Real Estate Talker
Posts: 3574
Joined: Fri May 30, 2008 11:24 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Tue Dec 20, 2011 2:35 pm

..
Last edited by Taipan on Sun Aug 11, 2013 2:24 am, edited 1 time in total.
 
User avatar
Lady Luck
Real Estate Talker
Topic Author
Posts: 2310
Joined: Sun Jun 20, 2004 9:51 am
Contact:

Re: Whistler Sales up 58% 2011 YTD

Mon Jan 02, 2012 9:19 pm

Finding actual Whistler stats is as rare as Yeti sightings. The local firms are all in cahoots running the private WLS. I will see what I can find. Sales are dismal 6-15 per week. Some jaw dropping recent sales , single family home in Alpine $550 000 a ski in / out condo at the Aspens $300 000. These examples are 50% off the 2002 high. This market is starting to tank I fully expect more price pain for 2012. We need the U.S buyers back.
 
MultipleOffer
Real Estate Talker
Posts: 734
Joined: Thu Feb 17, 2005 2:05 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Mon Jan 02, 2012 9:53 pm

Thanks for your Post LL. I was hoping you would step in and I could get some good info, rather than the usual Taipan spew!

I found some stats on Jon Chaudhari's website here: http://whistlerrealestateagent.com/propertystats.html Not as good as you can get from the REGBV, but perhaps this is as good as it gets in the Whistler market. Unfortunately it only goes back a few years, and if 2002 was the peak, it seems like I need to be looking back at least 10y. Strongly considering buying a townhome up there, but don't want to step in yet if there will be further drops. Appreciate your advice.
 
Austin
Real Estate Talker
Posts: 3353
Joined: Thu May 28, 2009 1:41 pm
Contact:

Re: Whistler Sales up 58% 2011 YTD

Mon Jan 02, 2012 10:12 pm

Hey, credit where credit is due, Taipan has been dead on about BC Ski Resorts.
Redistribute consumption, not income.

Who is online

Users browsing this forum: No registered users and 24 guests