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June 2021 Whistler Real Estate Market Update

Video thumbnail for youtube video June 2021

The June 2021 Whistler real estate market update did not see much change from the previous months, which is no surprise. However, the interesting statistic for May was the 18% increase in new listings, yet only 4% increase in sales. The lack of pace with sales keeping up with new listings is of interest, and if you want to explore these statistics further, please click through to the Market Update page on this site.

June 2021 Forecast

In the June 2021 video, I commented on the decrease in townhome sales, and speculated as to the reason. For the last 12 months the frenzied market, and low interest rates have resulted in multiple offer situations. However, that situation is not showing any signs of easing. Unfortunately, even if there is only one other competing bid, the buyer is forced to increase their budget if they want to own a piece of Whistler.

Segments

There are three segments in the type of market: 1) detached houses; 2) townhomes; and 3) condominiums. Although there is a a far greater breakdown of statistics on the Market Update page, the following image gives us a snapshot of the market. For more details check out the Market Update page on this site.

  • June 2021 Sales and new listings graph

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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May 2021 Whistler Real Estate Market Update

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This monthly post reports on the Whistler real estate market in May with statistics taken in April, 2021. The statistics are courtesy of the Real Estate Board of Greater Vancouver (REBGV) as Whistler is a member. That said, not a lot of change over the last month’s report. However, it is important to have a look at the supply and demand numbers of each segment and to see which segment is driving the market.

May 2021 Market Segment Statistics

There are three segments featured in the statistics: 1) detached houses; 2) townhomes; and 3) condominiums. In order to understand these more, The REBGV provides a statistics on each of these segments. To view, please click the link for the Market Update page on this site. The advantage of reviewing the segment statistics is you can focus on one segment. In essence, this approach will increase your knowledge in the segment of interest.

Ski-in Ski-out Market

If you are not ready to buy real estate, but you are planning on buying in the future, now is a great time to look at real estate sale and ask yourself which segment is selling faster. Then, dig deeper and discover what location is selling with multiple offers. This might be the time to start a spreadsheet of the properties you are considering. All of this information will start to build a picture for you of what property is the best investment for your family. Buying is a process. When you get invested in it early, with the right Whistler realtor, you will build a solid foundation of knowledge, which will benefit you in the long run.

If you are not working with a realtor, please give me a call. I would be happy to discuss the Whistler market with you.

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Glacier Drive Video Shows the Distance to Whistler Village

glacier drive video thumbnail

The route and distance from Whistler Village up Glacier Drive to Base 2 is shown on the video below. The drive starts at the entrance to Whistler Village off Highway 99. From there I travel along Village Gate Boulevard to Blackcomb Way and then up Glacier Drive. For those who are considering the purchase of some of the best ski-in ski-out property in Whistler, then you are looking at property with a Glacier Drive address. Pinnacle Ridge, Cedar Ridge, Cedar Hollow and Summit Lane are all accessed via Glacier Drive.

Location to Whistler Village

Whenever I am showing property to buyers, and it doesn’t matter if it is ski-in/ski-out, or not they always ask about proximity to Whistler Village. The reason for this is that Whistler Village is a magnet for those wondering what to do with their day, which makes a lot of sense if the weather is not conducive to the activity that was planned. This is especially true of the winter season when the weather can be stormy.

Access to Village

I don’t recommend walking on Glacier Drive at any time of the year. Unfortunately, it does not have a sidewalk, and it is lined on either side with concrete blocks. Therefore, the snow plow clears the snow off the road up to the edge of, and over the blocks. In addition, the road is very twisty and vehicles hug the side of the road. Therefore, in winter Glacier Drive is for travelling by car or bus but not for walking. When the snow melts I have seen people walking down behind the concrete blocks, but by that time, the snow is melting off the slopes so it is safer to walk down the ski-runs.

If you think I would be a good fit to work with you and your family, please call me. You may not end up with a ski-in/ski-out property, but it is a great place to start looking.

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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April 2021 Whistler Real Estate Market Update

Reporting each month on the strong sellers market for Whistler Real Estate is becoming the norm for my posts. I doubt any seller is complaining about that, as opposed to the potential buyers out there. The March statistics provided by The Real Estate Board of Greater Vancouver (REBGV) show a record breaking 54% sales to active listings ratio by the end of March. For those new to my market update videos please watch the video below to understand how we determine what market we are in.

Breakdown of Each Segment

There are three segments which are reported on by The REBGV: 1) detached houses; 2) townhomes; 3) condominiums. Condominiums include everything with the condominium moniker: residential, nightly rental, Phase 2 condo hotels, fractional ownership and timeshare. Therefore the least reliable segment to report on is the condominium segment.

Look at the image below to see how the condo and detach house segments were slower to move into a seller’s market, unlike the townhome segment. This graph shows me that from May 2020 more buyers were after a townhome rather than a condominium or detached house. However, as the townhome supply diminished the buyer had to consider a condo or a house.

Market Update In More Detail

For more statistics have a look at the Market Update page on this site for a more detailed breakdown on each segment. If you have any questions about real estate in Whistler, please contact me.

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Summit Lane Viewed from the Magic Chair on Blackcomb Mountain

There are seven houses and one duplex located on Summit Lane, and yet only two can be seen from the Magic Chair. I call this chairlift, a tortoise because it is painfully slow, and very old. However, it does the job because it services the Magic Run which is for all beginners. I shot this two minute video in February 2020 and it shows you the privacy of Summit Lane. In addition, it is a view only seen from the Magic Chair. For more information and videos on this special location, please click through to the Summit Lane page on this site.

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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March 2021 Whistler Real Estate Market Update

The market update for the Whistler real estate market reported in March 2021 relies on the data provided by the awesome people at the Real Estate Board of Greater Vancouver. I really do mean, awesome. The support that member realtors receive really does help us provide a superior service to our clients. I did miss the production deadline for the February update, as life got in the way.

The biggest change from February to March was that the buyers who were planning to purchase a townhome, came to the realization that was not going to happen. Inventory for townhomes in January were at a record low. Therefore those buyers turned their attention to detached houses or condominiums, depending on their budget.

Will the Market Crash?

The Bank of Canada won’t comment on where they think the real estate market is heading. Therefore, if they don’t know, ask yourself how can your realtor know? The best I can say to you is this…where else are you going to put your money at this time?

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Ski-In/Ski-Out To Pinnacle Ridge From Magic Run

Video of the Magic Run on Blackcomb Mountain shows where you will find the ski-in/ski-out access to the townhomes of Pinnacle Ridge. Pinnacle Ridge is located at 4700 Glacier Drive which is the road leading from Blackcomb Way up to Blackcomb Base 2. The gondola at Base 2 will take you up to mid point or down to the “heart” of Whistler Village where the lifts are. My video, taken from the Magic Chair will show you the two access points leading from the Magic Run into Pinnacle Ridge.

The Magic Chair is an old, slow tortoise of a lift. This is a good thing because the Magic Run is the bunny hill, a place where beginners learn to ski and board. At the side of the Magic Run, those who are learning to ski/board have created chutes to increase their proficiency and confidence. These chutes meander down the side of the run parallel to the access points for Pinnacle Ridge. These chutes are not of concern for children, as the young beginners can be seen in snow plow position swooshing from side to side like liquid in a glass. Everyone having lots of fun. However, for the adult learning, it is important to take your time and navigate the way slowly into Pinnacle Ridge.

Starting off your day from Pinnacle Ridge one choice would be to ski down to the ten passenger Blackcomb Gondola. This ensures a protected and warmer trip up to the top of Blackcomb Mountain. From that point you can enjoy Blackcomb Mountain or catch the Peak to Peak Gondola over to Whistler Mountain.

For more information please click through to the Pinnacle Ridge page on this site.

It’s a Good Life in Whistler!

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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January 2021 Whistler Real Estate Market Update

The statistics provided for the January 2021 market update for the Whistler real estate market were provided by the Real Estate Board of Greater Vancouver. January’s video will show you the December sales and listing inventory with the resulting sales to active listings ratio. The sales to active listings ratio is an important as it determines what type of market Whistler real estate is in. Every month, the market can be in a Seller’s Market, a Balanced Market or a Buyer’s Market. The statistics from December 2020 show that we are in still in a strong seller’s market.

Market Update Statistics

Understanding what has happened in to the Whistler real estate market will give you an understanding of what could happen in the first quarter of 2021. For more statistics, please check out the Market Update page on this site.

It’s a Good Life in Whistler!

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Big Timber Court, Kadenwood Ski-in/Ski-Out Trail

This video on the ski-in/ski-out trail to and from Big Timber Court is the last in this series of Kadenwood videos. No particular reason that it is last, as Big Timber Court was in the first phase of the Kadenwood development. To understand all that this neighbourhood offers, please visit the Kadenwood page on this site.

The Small Enclave Called Big Timber Court

Big Timber Court is a favourite of mine for the following reasons:

  • Only five strata lots;
  • Three strata lots are completely out of sight from anyone travelling up Kadenwood Drive;
  • Unobstructed views as Big Timber Court is on the southern edge of Kadenwood;
  • Three homes are already built, and the other two are lots, yet to be developed;
  • Easy walk to the ski-in trail leading to the Lower Peak to Creek run on Whistler Mountain.

Kadenwood is a wonderful location in Whistler. I spent a lot of time up there last year, and got to appreciate again what a stunning location it is. Anyone who is seeking privacy, solitude or a ski-in/ski-out access to a world class mountain, surely must be considering this area.

Please have a look at the Kadenwood page on this site to understand the area, and if you have time, check out the Ski-in/Ski-out Luxury House Locations page. This page provides a comparison chart to compare the areas where detached houses are available for those looking to easily access Blackcomb Mountain and Whistler Mountain.

If you are not already working with a Whistler realtor, please contact me. I know I can help you find your Whistler home, whether it is listed or not.

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Sleeve and Exclusive Listings of Whistler Real Estate

What is the difference between a sleeve listing and an exclusive listing? These two terms get bandied around quite a bit, and usually with a lot of authority. Let’s explore the difference.

Which Came First the Sleeve Listing or the Exclusive Listing?

There are some owners who want to sell their property; however, they may not want the hassle of preparing the property to list on the MLS. In addition, some property owners just don’t want neighbours, family or friends to know their business. Therefore, telling their realtor to bring an offer covers these bases. The moment the owner mentions this to their realtor, the realtor will refer to this property as his sleeve listing. At this stage no documentation has been signed, it is all verbal. Therefore, the sleeve listing comes before the exclusive listing.

When Does a Sleeve Listing Become an Exclusive Listing?

The BC Government banned dual agency in June 2018; this ban included Whistler. In fact, within the majority of BC, the agent with knowledge of the sleeve listing has two options. Firstly, he can try and find a buyer who is willing to be unrepresented. This is a complex route and one not many experienced agents would now attempt. Secondly, he can contact his trustworthy colleague and inform her of his sleeve listing. This would be done with the hopes or the knowledge that the colleague has buyers who are seriously looking to purchase. Let’s look further at this second option.

Exclusive Listings From the Buyer’s Perspective

Pursuing an exclusive listing arises because a buyer narrows down the location of where they want to own in Whistler. When a client makes this decision, the buyer and their Whistler realtor should take a bow, as it is not easy to get to this stage. By focusing on a ski-in/out niche, I am more than halfway there with my clients. This is where my relationship with other realtors come into play. By representing a ski-in ski-out niche, it is pretty much understood by my colleagues that there is a good chance at all times, I have someone looking for a ski-in ski-out property. In addition, I am constantly asking other agents if they know of any sleeve listings in the ski-in ski-out areas/developments in Whistler.

The Next Step

When I have a client looking for a property that is not listed, a Buyer’s Agency Agreement is the next step to search for a sleeve listing. Please note – another way to refer to a sleeve listing is by calling it an unlisted property. This form covers the purpose of the agreement and the agent’s compensation. More importantly, it is an essential document as it proves that the buyer is seriously looking to purchase Whistler real estate. As a buyer’s agent, I have more clout by telling a realtor that my client has already signed a Buyer’s Agency Agreement and they will cover my compensation. In other words, it speaks volumes about the credibility of the buyer.

Final Step

At this point the buyer’s agent prepares the offer. In the meantime, the other agent has contacted the seller who owns the sleeve listing and tells them that in order to bring in this offer, an Exclusive Listing Agreement (ELA) will need to be signed. Once the ELA has been signed, the Sleeve listing is now an Exclusive Listing and there is a contractual agreement between the owner of the property and the agent who will be representing them.

If you are not already working with a Whistler realtor, and you have any questions, please contact me.

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Kadenwood Drive Ski-in Ski-out Trail Whistler’s Long and Winding Road

kadenwood drive photo

Due to the length and the winding nature of Kadenwood Drive, there are a few options for ski-in ski-out trails. Kadenwood Drive in the neighbourhood of Kadenwood is a continuation of the road which leads up from Bayshores. At the entrance to Kadenwood, the neighbourhood, or bareland strata development begins. That is where our Kadenwood Drive starts. If you are looking for a wealth of information on Kadenwood, please check out the Kadenwood page on this site.

Location

If you have watched any of my videos you will have heard me say that listing agents tout all houses in Kadenwood as being ski-in ski-out. My response to this has been, yes, but some are more ski-in ski-out than others, and the houses on Kadenwood Drive are a perfect example of this.

The video, one in a series that covers all the locations in Kadenwood, showcases the houses which look north over Alta Lake. These homes are fortunate to also view the lights of Whistler. This is a wonderful and interesting view. In addition, these homes have a trail that runs along the back of the houses. This trail is featured in the video.

History of Kadenwood

Kadenwood Drive was one of the first phases of Kadenwood to be developed and as such, a lot of these homes were built by developers. Beautiful homes built to the size allocated by the council of the day in the Resort Municipality of Whistler. Twenty years, and several municipal councils later, much has changed, and not only in the size of the allowable build.

If you are interested in Kadenwood, please give me a call. In the meantime, make sure to check out the Kadenwood page on this site.

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Ski-in Ski-out Trail to the Houses on High Point Drive

Video thumbnail for youtube video high point drive

The houses on High Point Drive have a couple of options for ski-in ski-out trails. One of these trails is featured in my video below. In other words, I feature the trail that better serves the houses which are closer to the Kadenwood Gondola. This is not because of an easy download on colder mornings, but due to the quality of the trails leading to and from High Point Drive. In essence, this location is ideal for all levels of skiers or boarders, especially beginners.

From the video you will see that the trails leading into and out of High Point Drive are of a nice gradient and are wide. In summary, a house on High Point Drive has an excellent ski-in ski-out access.

Luxury Houses on High Point Drive

There are no more vacant lots on High Point Drive. In other words, if you are loved the ski-in ski-out trail for this location, then we need to discuss your options. That is to say, we may need to find you a house which is not listed for sale. Consequently, we would need to talk.

Your Ski-in Ski-out Options within Kadenwood

By understanding your options within Kadenwood, you will come to appreciate that there are many choices for ski-in ski-out access. However, all the ski trails have a different gradient and width, and certainly should be a component when you are deciding upon a house in this location. Have a look at the Kadenwood page on this site.

Another area which may suit your needs is the ski-in ski-out location of Summit Lane which is on the slopes of Blackcomb Mountain. Summit Lane is in the Benchlands of Whistler and as such is within walking distance to Whistler Village. Please call me if you are interested in exploring Summit Lane, and you are not working with a Whistler realtor.

Its a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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December 2020 Whistler Real Estate Market Update

The December 2020 real estate update for Whistler focuses on the supply of real estate and the continuous demand for it. The questions is, when does pent-up demand return to plain, old demand? There have been record number of sales particularly in the last three months. In addition, new buyers are showing up and wanting to purchase their share of Whistler. Unfortunately, for a lot of these buyers, the lack of supply is slowing down their ambitions. This results in a line-up to buy most types of Whistler real estate, multiple offers on a sale, and as a result pent-up demand continues.

December 2020 Review

Looking at the year in review, no-one, not even the Bank of Canada predicted the high demand in real estate in Whistler, and the Province. We know that this demand has been driven by the low interests rates, and of course the pandemic. The question is, how long will this demand continue? For Whistler, the mountains are not going anywhere, and neither is our world famous, Whistler Village. For more statistics on the Whistler sales and new listings check out the Market Update page on this site.

Purchasing Trends in December 2020

Due to the lack of supply, there is a trend with the ski-in ski-out market. I am seeing examples of current owners buying out their neighbour and expanding their personal foot print in the slope-side developments. Some of these transactions happen between the neighbours and some are listed for all to consider. However, this means that there will ultimately be fewer sales in the ski-in ski-out locations. Maybe it’s time to get into this segment of the market, while you still can.

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Ancient Cedars Lane Ski-in Ski-out Trail

Image of Kadenwood Gondola for Ancient Cedars Lane

The ski-in ski-out trail for Ancient Cedars Lane in Kadenwood, takes a route which passes by the houses on this Lane. This ski trail is wider than other trails in Kadenwood. Except for brand new beginners, the trail is suited to all levels of skiers and boarders. For the beginner, I would suggest they either walk, or they drive up to the Kadenwood Gondola for download. It will be less stressful, for all involved. For the residents of Kadenwood, parking is allocated in the Gondola parking lot, so it is a simple solution for the beginner.

Ancient Cedars Lane Views

The benefit of Ancient Cedars Lane is similar to Heritage Peaks Trail. The road is only there for the owners on that street. No-one is driving along Ancient Cedars Lane in order to get somewhere else. When the ski season has finished, you can take your mountain bikes on the ski trails. From Kadenwood Drive down to Creekside is a service road. This is a smoother ride than the path from Heritage Peaks Trail down to Creekside.

Understanding Kadenwood

To understand Kadenwood neighbourhood click the link to visit the Kadenwood page on this site. I have spent enjoyable time creating content and informative videos so that you, the Buyer can start to understand this unique area. It is worthwhile digesting the content before calling me. This information will help you with the next stage of buying in Kadenwood. In addition, you will be better informed to understand the other luxury neighbourhoods in Whistler when we compare them to Kadenwood. In essence, buying is an education process, and the class starts now.

If you are considering a purchase in Whistler, and you are not working with a Whistler realtor, please call me. I look forward to hearing from you.

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Heritage Peaks Trail Ski-in Ski-out Trail

video of ski-in ski-out trail to Heritage Peaks Trail in Kadenwood whistler

The ski-in ski-out trail which leads to Heritage Peaks Trail in Kadenwood is featured in the video below. At first viewing the ski-in ski-out trail may look very similar to the route shown in the Trails End Lane video. However, there is a section which is very different and as such it was important to give Heritage Peaks Trail buyers their own video. There are six videos in the Kadenwood ski-in ski-out series. In addition, there are other videos about the neighbourhood, the strata, and the road up to Kadenwood. Please check out the Kadenwood page on this site for wonderful information and videos.

Location of Heritage Peaks Trail

Heritage Peaks Trail is a quiet location within the Kadenwood development. Anyone driving into the area of Heritage Peak Trail is because they live in this location. You would not pass through Heritage Peaks Trail to reach another area within Kadenwood. Buying in this location is because of the views, or for the great access to the ski-in ski-out trail.

In my opinion, the proximity to the ski-in ski-out trail would be a very good reason to buy in this location. However, that is based on everyone being as keen on skiing as I am. The other option for family and friends who are beginners, or a bit timid on the slopes, would involve the car. That means that you would be driving to the Kadenwood Gondola Station for download. In that area there is a gentler slope for beginners, leading to the Lower Peak to Creek run. From there is it off down to Creekside Gondola for Upload. It all depends how ski-in ski-out you want the location to be.

Market Update

There are two pages on this site, I would attract your attention to. The first is Active Listings. This page is for those who are truly dedicated to finding a ski-in ski-out property in Whistler. The next page is Market Update page where you can see the monthly market update video report and corresponding statistics. Those statistics are courtesy of the Real Estate Board of Greater Vancouver, of which all Whistler realtors are members.

If you need more information on Kadenwood, or any other ski-in ski-out location in Whistler, please contact me. I look forward to hearing from you.

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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November 2020 Whistler Market Update

November 2020 has been a continuation of the trend since May 2020 for the Whistler Real Estate Market. Record number of sales surpassing anything we have seen in the past 10 years. This upward sales trend has been happening across BC and most parts of Canada. A surprising trend considering back in March 2020, even the Bank of Canada could not predict what was going to happen in the real estate market, or any other market for that matter.

The image of the breakdown in each segment shows that it is the townhouse market which is leading the way. So, let’s explore this segment further. Look at the orange line which represents the townhome market in Whistler.

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From the chart below we can see that in October the sales were up, and inventory was down. That was the perfect situation to drive the townhome segment into a stronger seller’s market. The numbers show the decreased number of listings from October 2020 to the previous month. In addition, the chart shows the increase in the number of sales from September 2020 to October 2020. For more statistics please view the Market Update page for the current statistics which are provided by the Real Estate Board of Greater Vancouver, of which Whistler is a member.

Chart comparing 2019 to 2020 in the November 2020 Townhome segment sales and listings

Buying Real Estate in November 2020

Buying real estate in Whistler is an education process. It involves drilling down to find the desired location and then the floor plan which will work for you and your family. Then, staying informed on what is happening in the market, so that when your target appears, you are ready to pounce with an educated, informed offer. No panic necessary.

If you are not already working with a Whistler realtor, and you think I can help you, please call me.

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Trail’s End Lane Ski-in Ski-Out Trail

thumbnail for Trails End Lane Video

Video shows you access to Trails End Lane from the ski-in ski-out trail leading into the top of Kadenwood past the houses on Trail’s End Lane then off to Creekside. Kadenwood is positioned as all houses being ski-in ski-out, however, some are more ski-in ski-out than others. This video will help you understand the ski-in ski-out accessibility for the houses on Trail’s End Lane. If you are considering Kadenwood, Whistler, then you should watch all the videos on the Kadenwood page of this site.

Ski Home To Trail

From the video of me skiing this trail, you should notice the width and gradient off the trail. The trails leading in from Lower Peak to Creek on Whistler Mountain are suitable for any level of skier or boarder. With practice, the skier will get up enough speed to get to the top of Kadenwood. From there, the trail is a converted road, so it is a smooth run down to the Piston Bully shed and on to Trails end Lane. However, the part of the trail which could be a concern for any beginner is the path to Creekside. Have a look at the video and you will see what I mean. If you are an intermediate skier or boarder, any part of this trail will be most enjoyable.

Google Map Of Trail’s End Lane

Google last flew over Kadenwood around 1999 when Trail’s End Lane was just a twinkle in the developer’s eye. Looking at the Google map, it is difficult to determine which ski-in ski-out trails will lead your home on Trails End Lane. Telling clients about the ski trails proved to be difficult for me, as I could tell they were not imagining what I was seeing in my mind. That’s why I decided to shoot these Kadenwood videos, to help my clients understand what a wonderful location Kadenwood is. However, certain areas have a better ski-in ski-out access than others, and that is where I can help you. If you are not working with a Whistler realtor, please contact me.

It’s a Good Life in Whistler!

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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October 2020 Whistler Real Estate Market Update

View of Blackcomb Mountain from Painted Cliff the reds of fall colours

Below is the monthly real estate market update for Whistler, October 2020. This month I cover the result of the increased number of new listings since May, and the increased demand from Buyers. This has taken the Whistler real estate market from a Balanced Market into a Seller’s Market.

For more information on the Whistler Real Estate Market, check out the Market Update page on this site.

If you are not already working with a Whistler realtor, and you think I can help you, please call me.

It’s a Good Life in Whistler!

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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September 2020 Whistler Real Estate Market Update

The September 2020 Whistler market update video examines August’s sales, new listings, inventory and the sales to active listings ratio. These statistics were provided by the Real Estate Board of Greater Vancouver, of which Whistler is a member.

Effect of Covid on Whistler Real Estate in September 2020

The graphs below compare each week in 2020 to 2019 for sales and new listings in Whistler. When we compare 2020 to 2019 YTD (September 1st) sales are only 5% below last year. In addition, when we compare the same period of time for new listings, we have only 7% more listings in 2020 to 2019. Therefore, 2020 is on trend to match 2019.

The above graph showing the number of new listings each week in 2020 over the same week in 2019. It looks to me that in August all those sellers who decided not to list when Covid shut us down, have now caught up with the market. In addition, the year to date statistics concur with that reasoning.

For more statistics on real estate sales and listings by segment, that is, houses, townhomes and condominiums, please click through to the Market Update page on this site.

It’s a Good Life in Whistler!

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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September 2020 Whistler Real Estate 5 Year Sales

The following charts show 5 years of sales and new listing statistics for Whistler Real Estate. These embedded statistics are courtesy of the Real Estate Board of Greater Vancouver, of which Whistler is a member. If you have any questions on these, please reach out to me.

SALES

From the sales graphs below, we can see that over the 5 year period there has been a drop in the number of sales which has coincided with a Seller’s market from 2017 to the end of 2018. Since May 2020 we have seen an increase in sales.

TOTAL INVENTORY

NEW LISTINGS

SALES TO ACTIVE LISTING RATIO

For more information on statistics and the real estate market in Whistler, check out the Market Update page on this site.

It’s a Good Life in Whistler!

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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COVID-19 Effect on the Whistler Real Estate

view of Blackcomb Mountain from Summit Lane with view up the mountain

What effect has Covid-19 had on the Whistler Real Estate market? One way to measure this effect is to look at supply and demand. To measure supply we count new listings, and to measure demand we count the number of sales. In addition, we then compare these 2020 statistics to the same week in 2019. The following statistics were taken from the Whistler Listing System.

Effect of Covid-19 on Whistler Real Estate Supply

graph shows the real estate new listings in whistler

Effect of Covid-19 on Whistler Real Estate Demand

Graph compares sales in 2020 to the same week in 2019.

Tracking the Whistler Real Estate Market During Covid-19 Pandemic

For more information on the real estate market in Whistler, please check out the Market Update page on this site. I post the stats on my Twitter account and on my Facebook account, so if you are looking for a regular update please follow me on those. The link is on this home page.

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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August 2020 Whistler Real Estate Market Update

view of Blackcomb Mountain from Summit Lane with view up the mountain

This August 2020 Whistler Real Estate Market Update covers the sales and new listings update for the month of July 2020.

Whistler Luxury Real Estate Market

We are currently seeing a lot of interest in the $7M plus market. By this date, we are not seeing the activity resulting in sales, however, I expect that will show up in the following months. During the first seven months of 2020 there were three sales over $7M. When we compare the first seven months of 2019 and 2018 there were three sales in both 2019 and 2018. This shows that the pandemic has not affected the luxury real estate market as first predicted.

Pricing in August 2020

The owners of Whistler real estate seem to be confidently listing each detached house for sale. These sellers have kept their pricing as high as they can in comparison to the previous comparable sale. Furthermore, we have not seen any dramatic increases in pricing, but neither have we seen dramatic price reductions. The length of time the property sits on the market seems to be in keeping with 2019. However, the number of showings received on each listing really does confirm the price point to both the listing agent and the seller. This measurement of showings, helps the listing agent determine whether the buyer perceives value in the property at the advertised price. No showings equals no interest.

Sales and Listing Activity

The August 2020 activity report on the Whistler real estate market is shown on the Market Update page on this site. I encourage you to look at the statistics and graph provided.

If you have any questions about the August 2020 market news for Whistler real estate, please contact me. I would be happy to help you as long as you are not already working with a realtor.

Marion

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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July 2020 Whistler Real Estate Market Update

The July 2020 Whistler Real Estate Market Update is a continuation on the same path as the June 2020 update. This is good news for both Sellers and Buyers, as both parties continue to demonstrate confidence. This should relieve the pressure for those of us who feel that a second wave of the pandemic is imminent.

The Second Half of 2020 and the Effect on Whistler Real Estate

Now that we are in July 2020, only a genius or a fool, of which I am neither, would try to predict what the second half of 2020 will look like. However, because we have seen a resurgence in Buyer confidence, real estate sales have been happening. The Seller confidence in the market, has been shown by the number of new listings. Just a reminder that back in March the number of new listings and the number of sales ground to a halt. At that time we all wondered when and if the real estate market would come back. Well, it seems that despite all the predictions, or lack of them, from the major financial institutions, the people have spoken with their pocket books.

marion@whistlerskiinskiout.com
604 938 3885
Marion Anderson PREC*

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Luxury Condo at 209 First Tracks Lodge Zoned For Nightly Rental

winter view from First Tracks Lodge at Creekside

The luxury condos at First Tracks Lodge were built to offer those buyers and guests the opportunity to enjoy a luxury property in an excellent location. Luxury and excellent location typically go hand in glove, and First Tracks Lodge (FTL) is no exception. Many realtors, would equate the quality of First Tracks Lodge as close to the quality of Four Seasons Resort in the Benchlands, or as close as we have in Whistler. First Tracks Lodge was also built with commercial space for a restaurant. Unfortunately, and despite a couple of attempts the restaurant could not sustain itself during the April to December period. That space is now the children’s snow camp, which is another excellent use of the space, and one which benefits the owners of 209 more than a restaurant.

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Compare 2020 Whistler Real Estate Market To 2019

No sign of life during the pandemic

Weekly, I aim to compare 2020 Whistler real estate market to 2019. Now, 2019 was a big adjustment from 2018, which was a very strong seller’s market which ended abruptly in December 2018. Since January 2019, the overall Whistler market has been fluctuating in and out of a Buyer’s Market. Since March 13th, it is safe to say, that with the drastic reduction in sales, and the number of new listings, Whistler real estate is now in a Buyer’s Market. Please note, the number of listings has also declined, but it has not declined nearly as much as the sales…so far.

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Effect of Covid-19 pandemic on Pricing of 2 Bedroom in the Aspens

Extra large patio is a bonus

I have been looking at the new listings to find the effect of the Covid-19 pandemic on pricing real estate in Whistler. Speaking with a colleague the other day, she excitedly asked if I had seen the new 2 bedroom listing in the Aspens, “…it is $230k lower than the last 2 bed listing, which was only listed 17 days ago.” Under the Covid-19 pandemic situation, I know you will agree that 17 days seems like an awfully long time ago. The decision by the seller and the experienced RE/MAX agent as of the 30th of March to list at $1,280,000 was probably sound. However, a lot has happened since then.

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April 2020 Whistler Market Update and Covid-19 Pandemic Effect

The Covid-19 pandemic has had a detrimental effect on Whistler Real Estate. There have been zero sales to date in the month of April. Compare that to April 1-13, 2019 when we had 22 Sales. The video below reviews the Sales to Active Listings Ratio for the March 2020 statistics. In addition, the video covers what this current real estate situation means to Buyers. All statistics were provided by the Real Estate Board of Greater Vancouver taken from the Multiple Listing System (MLS) as of April 13th..

 

 

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March 2020 Whistler Real Estate News

There has been little change in the March 2020 Whistler real estate news compared to last month. Please watch my Whistler Market update video below for an explanation in under 99 seconds.

Real estate prices are determined by supply and demand. By comparing the number of listings for sale against the number of sales in a given month, we arrive at the sales to active listings ratio. This ratio determines whether the Whistler market is in a seller’s market, a balanced market, or a buyer’s market.

 

 

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Ground Floor Condo at 229 Greystone Lodge at 4905 Spearhead Place

view looking down Merlin's Run on Blackcomb Mountain

If you are looking for a condo which is on the ground floor at street level, and has no stairs, 229 Greystone Lodge should be worth considering. No waiting for the elevator, there is one elevator in the Greystone Lodge. In addition, no need to take the stairs rather than waiting for the elevator to arrive.

The location of the Greystone Lodge is considered ski-in ski-out. It is not as ski-in ski-out as the Aspens, or the Woodrun, but then, those condo buildings are basically on the slope. However, the short schuss to and from the Greystone Lodge is an easy schuss and perfect for all abilities.

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Residential Zoning for Ski-in Ski-out Townhome at 37-2544 Snowridge Circle

The look of recycled wood, adds a texture to the interior design

The owners at 2544 Snowridge Circle appreciate the ski-in ski-out access of this location, and they also appreciate the lack of tourists. With a residential zoning it means that nightly rentals are not permitted in this development. Snowridge Townhomes are the only properties in Whistler which are ski-in ski-out and residential. However, I feel they don’t get much credit for this accolade. If this location were zoned for nightly rentals, there is no doubt that the properties would sell for more and would sell quicker.

Paying More For Rental Income Properties

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Land for Sale at 3818 Sunridge Place

image showing the boundaries of this lot

The photograph above tells the story of land for sale at Sunridge Place, Whistler. However, it doesn’t tell that real estate for sale, walking distance to Whistler Village is rare. Due to the gradient of the land, there is potential for a larger build than one would expect on a 12,000 sq. ft. lot. The listing realtor has quoted a 5,000 sq. ft. build. From the photo gallery below, you can tell that the neighbourhood of Sunridge is something quite special. For more information on this location, please click through to the Sunridge Plateau page on this site.

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Mountain House with Lap Pool At 3824 Sunridge Drive

Few houses in Whistler have the space for a 54 ft. indoor pool, the length of which can actually give you a good workout. 3824 Sunridge Drive offers you that option. There are several other houses for sale in Sunridge right now, but none with a lap pool. 3827 Sunridge Drive has an oversized dip pool, more for family fun than doing laps.

When you own a mountain home like 3824 Sunridge Drive you get to enjoy the ski resort lifestyle that Whistler offers. Off Lower Olympic Run on Whistler Mountain there is a traverse that leads to the north end of Sunridge. From there, a ski-in trail to Sunridge Drive. This house is two houses over from that ski-home access. More on the ski access below.

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February 2020 Whistler Real Estate News

If you are following the Whistler real estate market, the February 2020 news will be of no surprise to you. In summary, not much of a change from the last 12 months. Sellers are still pricing too high for the current market conditions. In fact when I look at all segments of the Whistler real estate market, it is staggering how many overpriced properties there are in Whistler.

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Ski-in To Estate Home At 3827 Sunridge Drive

3827 Sunridge Drive Front exterior

The ski-in trail off Whistler Mountain stops next door to this estate home at 3827 Sunridge Drive. Although the listing realtor has used the term “estate home”, I want to be clear, the house is not on an estate lot. Sunridge Plateau has large lots, but nothing near an acre. Should you be looking for a magnificent home in the mountains, then this one is calling your name. If you are looking for an estate lot, there are some, but none which are ski-in ski-out.

Looking at the photo gallery below, it is easy to see that this house was built in a style which one would call traditional. Back in 2002 when this was built, this architectural style was very much in vogue. The use of heavy stone masonry, huge cedar timbers and lots and lots of wood work. Even the kitchen was built to last a lifetime. If you drive around Sunridge you can spot the houses from that era, when quality was king. In summary, Sunridge is a development of very expensive, high quality houses, and as such is an area worth considering.

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Close to the Kadenwood Gondola 2952 High Point Drive

One of Two Outdoor Fireplaces 2952 High Point Drive, Kadenwood

The location to the Kadenwood Gondola becomes a priority when deciding on 2952 High Point Drive over a brand new house on, for example, Heritage Peaks Trail. I encourage my clients to consider the mobility and ability of each family member both on and off the slopes when contemplating the purchase of any real estate in Whistler. This is especially true for ski-in ski-out property. One house in from the intersection of High Point Drive and Kadenwood Drive, it is a very short walk to the Kadenwood Gondola station. This bodes very well with your guests, as they can easily make their own way to the gondola without you having to drive them anywhere. It is a very convenient, year-round location.

Video 2952 High Point Drive In Winter

This video is on YouTube and is courtesy of Real Tours Vancouver. it shows the property in the depths of winter. There is a summer video further down this blog post.

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Does The Strata Have Influence Over A Bare Land Strata Lot?

First of all, let’s answer the question, what is a bare land strata? On the registered bare land strata plan, there will be no buildings shown within the lot lines. In addition, the strata plan, will have the words bare land strata on the plan. Sounds simple, and it is, but remember that to find out you always check the registered strata plan. For example, Kadenwood, Sunridge, Horstman Estates and houses in the Snowridge Crescent development are all bare land stratas. The houses in the Ridge and the Heights at Taluswood, are not. Below is Phase 1 of the Kadenwood strata plan. No buildings shown on this registered bare land strata plan.

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Luxury Townhouse At The Lookout For Sale On Whistler Mountain

Exterior show showing double car garage

More specifically, the Lookout on Whistler Mountain is the location of a luxury townhouse for sale. There are two listed for sale right now, and I am writing about Unit 6. I love to show property up in Taluswood, which is the location of the Lookout, the Heights and the Ridge. Buyers typically decide very quickly whether this location is perfectly remote, or too remote. It rarely takes a second trip for them to decide. For me any decision is progress.

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For Sale 406 Le Chamois Condo With Full Kitchen

This should be a very short blog. One message to get across is that 406 Le Chamois condo with a full kitchen, is listed for sale. That kitchen includes a four burner stove top with an oven. Unless you are familiar with Le Chamois, you may not appreciate my enthusiasm. Allow me to explain. Le Chamois was developed without kitchen facilities in the studio and one bedroom condos. Over the years, some owners in Le Chamois decided that they would like to have a modest kitchen, and some requested a stove and oven be added. The request had to be submitted by the owner and approved by the strata council.

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Ski-in To A Renovated 3 Bedroom Townhouse In Mountain Star

This fully renovated 3 bedroom townhouse should make you re-examine your wants versus needs list. For non-residents, this is especially relevant. It can be a challenge to undergo a renovation from afar. I expect you were wanting a ski-in ski-out townhome, however owning in Mountain Star means that you can ski or ride home, and it is only a very short stroll to the access path which leads to Merlin’s Run on Blackcomb Mountain. Please see my video below. The listing realtor has described the property as ski-in ski-out, that is how close the access trail is to Mountain Star.

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Sunridge House For Sale Walking Distance to Whistler Village

Slightly separated dining room with amazing mountain views

One way to describe 3855 Sunridge Court is as a timeless, luxury house for sale which is walking distance to Whistler Village. It may not sound it, but this is a rare property indeed. There is a handful of real estate in Whistler which can be described as a luxury, detached home within easy walking distance to the village. All this without crossing the highway. Actually, most of the properties which fit that description are in Sunridge. I chose that description rather than raving on about the magnificent mountain views from every room in the house. When buyers are considering the purchase of a luxury home in Whistler, they are typically expecting a mountain view, although this mountain view is remarkable. In addition, there is an expectation that the property looks as though it is worth the $8.9M price tag. There is no one who would look at these photos and not see what a stunning house this is. My job is to tell you what you don’t see. So let’s talk about location to the village.

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Under $1000/sq. ft. House Is Priced For A Renovation At 3807 Sunridge Place

Walls of windows allow an abundance of light

Are you ready to renovate in order to get what you want? Still looking for a detached house at a really good price? Then please call me about 3807 Sunridge Place. This is an opportunity for someone looking for a house which is within 15 minutes walking distance to Whistler village. This 6,000 sq. ft. home has lots of potential. Ski-in off Lower Olympic run on Whistler Mountain and end up in Sunridge Place. There are several benefits to this property.

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Ski-in To Contemporary and Luxury Living Close To Whistler Village

3800 Sunridge Place floor to ceiling windows which open on to the deck giving a greater space to entertain

Ski-in to 3800 Sunridge Place, a perfect example of the best of Whistler real estate’s contemporary and luxury mountain living. It is also close to Whistler Village. Located at the end of the ski-in trail off Lower Olympic run on Whistler Mountain. 3800 Sunridge Place offers an enviable location which is a private, yet convenient.

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Street View Of Sunridge, Whistler

View of mountains from sunridge whistler

I decided it was time to make a street view of Sunridge video as Google has not flown over Whistler since 2002. The Google Map makes it look like there is still a lot of land available for development. I assure you that Sunridge is almost fully developed. Hopefully, by watching this video you will get a sense of the development. It is a long video, so put the kettle on and get comfy!

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2915 Heritage Peaks Trail Land for Sale in Kadenwood

Kadenwood map showing ski-in ski-out locations

When you are browsing the listings of Whistler real estate, looking for land for sale, Kadenwood should jump out at you. Whether or not you want ski-in ski-out access to Whistler Mountain, you are probably looking for privacy. In addition, peace and quiet maybe on the list. Kadenwood is less than 15 minutes from Whistler Village, which is the hub of everything Whistler. From the hustle of the village to the serenity of the mountains all within a short drive.

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Mountain Views From 2919 Heritage Peaks Trail, Kadenwood

2919 Heritage Peaks Place view from living room deck with gas firepit

If you are looking for a house with an amazing view then consider 2919 Heritage Peaks Trail in Kadenwood. This brand new house has been built at a high point of the Heritage Peaks area and as such it is above the neighbours. I have shown several houses in this location within Kadenwood to buyers, and this one stands out because of the panoramic view. The view is expansive from the decks and you can see the Tantalus Range to the south and Sproatt and Rainbow Mountains over to the west. Not every home in Kadenwood has this panoramic view.

Video of 2919 Heritage Peaks Trail House and Location

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View Lot For Sale Whistler 2928 Big Timber Court

Standing on Big Timber court and looking out over the lot to the Tantalus Range

Video of location of 2928 Big Timber Court, Kadenwood. The artist’s impression demonstrates the positioning of the property to maximize the incredible mountain views. This lot is listed with Engel & Volkers Whistler.

Before I tell you the features and benefits of 2928 Big Timber Court, Kadenwood, let me give you some background. Over the summer I hiked the trails of Kadenwood again to see if anything had changed that I should be aware of. That effort always makes me appreciate the Kadenwood houses and their unique ski-in ski-out locations. Have a look at the video entitled Kadenwood Ski Trails. In the video I speak about the ski access trails which run in, through and out of Kadenwood. Some houses have a better ski-in ski-out access than others. Which leads me to this post on a lot for sale in Kadenwood. Finding land for sale in Whistler which is ski-in ski-out is rare as it has all been sold. Most of the lots you see for sale are being resold, that means they are not being sold by a developer.

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