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.
Selling Price Determines Retirement Fund
Many properties in Whistler are being sold by their owners to fund their retirement, and there is nothing wrong with that. From my experience, Whistler has always been a very expensive place to live, especially for those who also work in the resort. However, when the seller’s expectations are too high, that ends up affecting the listing price, and increases the number of days on the market. In addition, the lack of strong sales affect the motivation for others to list their Whistler home.
Real Estate Market By Segment
The above video talks about the overall real estate market, the following graph breaks it down by segment. Those segments are detached houses, townhomes and condos. For more detail on the segments, please view the Market Update page on this site.
National Real Estate Market
I follow Steve Saretsky, a Sutton Vancouver realtor who posts weekly on the BC and Canadian economy. Here is his quote from a recent post, “On a national basis, December saw the second fewest new listings in the past decade, leaving the months of inventory on the market at its lowest level since 2007. On a sales to new listings basis, market conditions haven’t been this tight since 2004.”
It would seem that in February 2020, what is happening in Whistler to the real estate market is in keeping with the rest of Canada.
Please remember that I am here to help you with your real estate needs, whether you are buying or selling in Whistler. To view all the ski-in ski-out listings listed for sale, please follow the activity on the Active Ski-in Ski-out Listings page. This page has all the listings from every Whistler brokerage.
It’s a Good Life in Whistler!
Marion Anderson, PREC*
*Personal Real Estate Corporation
Sutton Group – West Coast Realty
203-1080 Millar Creek Road, Whistler, BC, V8E 0S7 CANADA