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

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.

When I represent a buyer or a seller, I determine the pricing for a condo or a townhome based on the last sale within the building or complex. It is never a good idea to look at what competitive properties are listed for, but more what they sold for, within a reasonable time frame. That time frame under our current pandemic situation, is changing daily.

Sales in Aspens for a 2 Bedroom Since August 2019

The following chart is taken from the Whistler Listing System (WLS) for the Aspens based on: 2 bedrooms; active; sold since July 2019. Please note, I have provided the basic information on this chart. If you need more sales information, check out the Condo Sales Statistics page on this site. Another page of interest would be The Aspens page on this site. In addition, if you are not working with a realtor, please call me to discuss.

UnitFloor planSizeRenoListing $Sold $Sold DateCost/sq. ft.
226B2785Full$1,050k$1,338
419B2785Full*$1,280k$1,631
551B2B778?$1,217k3/2020$1,565
312C786Full*$1,150k8/2019$1,463
* Very close to fully renovated

Listing Details Provided By Listing Agent

  • Listed at: $1,050,000
  • Size: 787 sq. ft.
  • Bedrooms: 2 (one with ensuite)
  • Bathrooms: 2 including ensuite
  • Parking: 2 stalls underground
  • Built: 1994
  • Strata fees: $702/month
  • Property taxes: $4,200 (2019)
  • Ski-in Ski-out: on Merlin’s Run
  • Walk to Whistler Village in less than 10 minutes
  • Zoned for nightly rentals
  • Listed with Engel & Volkers

Photo Gallery

3D Tour of 226 Aspens

Click on the following link for the listing realtor’s 3D tour of 226 Aspens.

Floor Plan of 226 Aspens

Floor plan of 2 bed 2 bath condo

Location of 226 within the Aspens

Building plan of the Aspens showing the location of 226

Closing Remarks

We are going to see buyers interested in securing a Whistler property at a price which is representative of the current pandemic situation. Should you like my opinion on this Covid-19 situation please watch my April 2020 Market Update video. One lesson I learned in the financial crisis of 2008, was that no-one listed their property, unless they really need to sell it. I am here to help you, if you are not already working with a realtor.

[email protected]
(604) 938-3885
Marion Anderson PREC*

*Personal Real Estate Corporation
Sutton Group – West Coast Realty
203-1080 Millar Creek Road, Whistler, BC, V8E 0S7 CANADA

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