The weather has given us an absolutely beautiful end to our summer… the last week has been gorgeous sunny and in the mid 20’s… It not only was the end of summer but the end of a third quarter in real estate sales… while the year has been full of excitement and tourist from around the globe, economically we have had a few challenges…as has most of North America.
Photo – Francis Chiasson
Stats 3rd Quarter
Sales third quarter have been steady July finished with 31 August 43 and September 33… not a bad quarter over all. This time last year Jan-Sept 30,2009 the total sales for Whistler were at 344 – Same period 2010 – 327 We are holding a stable market year over year.
The buyers who have stepped into the market place are happy with their purchases and are experiencing value for their dollar. The sellers who are motivated are listing their properties at recommended prices from their professional realtor. Today’s marketing strategy is one that is being reviewed on a more regular basis.
Photo – Francis Chiasson
We have found chalets under $1,200,000 to be in higher demand while in the condo market figures show Phase Two properties are back on the radar. Although Phase One properties are still more popular especially those priced between $300,000 – $600,000. Townhomes over-all have been the top-selling product with 101 sales this year and 36 selling this last quarter, the popularity being between $400,000 – $800,000.
On another note: Resident restricted housing at Rainbow saw over 50 people come through the opens with 10 contracts being written in just under two weeks.
We are optimistic about the fourth quarter being steady because of the number of buyers looking around presently and the variety of product available for them to choose. Pemberton has not seen as many sales compared to Whistler but it is a different demographic and for residential sales the buyers are happy with their choice and pricing.Three big holidays between now and Christmas will keep the tourist looking into real estate because of the great value out there and resort properties being an investment in Life Style choice…. Have a great Autumn…
Happy Negotiating!
