This video is about understanding the market update for Whistler Real Estate. I rely on the statistics provided by the Real Estate Board of Greater Vancouver (REBGV). These statistics can be found on the Market Update page.
Markets and Segments
These real estate statistics are divided into three markets, a seller’s market, a balanced market, and a buyer’s market. Then there are three segments, detached houses, condos and townhouses. The condo segment covers all types of condominiums. These include timeshare, and shared ownership condos. Plus condos zoned for nightly rental, hotel condos and residential condos. It is important to take this into consideration when analysing the statistics.
How to use the Whistler Real Estate Market Update Statistics
To me, statistics are like learning a software program. You start off thinking you need to learn the whole program, but when you really think about it, you need to master 60% of it. So, it might be better to come to terms with why you are digging deep into the stats, when you are going to do next to nothing with the information. When you work with me, I will work with your need for statistics and through analysis, prepare you so you know the value of what you are buying.
In summary, every month if nothing else, have a look at the graph on the first page, and you will keep in touch with what is happening in the Whistler market.
Marion Anderson, *PREC