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!
604 938 3885
Marion Anderson PREC*
*Personal Real Estate Corporation
Sutton Group – West Coast Realty
#203, 1080 Millar Creek Road, Whistler, BC, V8E 0S7