When you have a look at the following chart it is simple to see that there has been decline in the number of houses sold over $3M, YTD in 2019 over 2018. Year to date (YTD) is from January 1, 2019 to September 30, 2019.
The sales stats were compiled to help those who were considering a detached house, which was ski-in/ski-out on Whistler Mountain or Blackcomb Mountain. Those detached houses used to be sold around $3M back in 2014 when I started this website. Now, those houses start at $5M, but the statistics are committed to a $3M starting price.
|YTD Ski-in/out |
|YTD TOTAL |
Decline in the Percentage of Slopeside Houses Sold
From the above chart, we see that there has been a decline in the percentage of ski-in/ski-out, detached houses sold in 2019 over 2018. Some might believe that this is because the value of another house which is, for example walk to the village, may be more appealing. While that may be true for some buyers, there is another reason.
Kadenwood is almost fully developed, so the selection is more limited now for those looking for a ski-in/ski-out, brand new, detached house. In addition, there is a definite trend for property owners of Tourist Accommodation zoned houses, to keep their Whistler house, rather than sell it. With the zoning in place to legally rent out the house on a nightly basis, this results in the revenue more than covering the cost of running the house, and paying the rental management fees.
For more information on the statistics of Whistler houses sold over $3M in 2019 and what price brackets they fell into, please see the Luxury House Sales Statistics page. There you will see the number of sales of ski-in/ski-out detached houses on a monthly basis. The chart goes as far back as 2014. Another page which should be of interest in the Whistler Real Estate Market Update page.
If you are considering the purchase of a house in Whistler, please contact me if you are not working with an agent. Since the banning of dual agency, you will need to contact a buyer’s agent, like myself to represent you. I look forward to hearing from you,
It’s a Good Life in Whistler!
Marion Anderson, *PREC