Real estate markets in the first quarter of 2020 in Whistler and Pemberton followed trends experienced throughout southwestern BC with a strong and improving marketplace during January and February, followed by a significant slow down in March as result of a global and local shutdown of most parts of the economy and society due to … Read more

The Whistler market continues to follow its own direction as compared to surrounding regional marketplaces. As a market largely driven by discretionary decisions, the factors that drive supply and demand differ from most urban markets. We are currently experiencing a balanced market environment after experiencing several years of Sellers’ Market conditions. Sub-categories within the market … Read more

Through the first quarter of 2019, sales activity in the Whistler area remained consistent with what was experienced in the last quarter of 2018, albeit well below the levels achieved during the peak of the market in late 2017 and early 2018. Like most parts of British Columbia, the overall number of sales transactions has … Read more

Although the pace of sales has slowed in the 2nd half of 2018 from the beginning of the year, overall transaction values for the market have risen by approximately 7% since the start of the year. The number of properties listed for sale has risen from recent historical lows. I am monitoring pricing and values in the 2nd … Read more

Real Estate sales in Whistler continued at a steady pace during the first quarter of 2018. Sales activity improved significantly over the previous quarter as buyer interest stayed strong. This resulted in continued increases in average sales values in all categories. Compared to the final quarter of 2017, overall sales activity through the first quarter … Read more

As 2017 wraps up, we look back at a record breaking year for real estate in Whistler. Although sales volumes have declined due to the lack of properties on the market, prices have continued to soar and are reaching a peak. The median transaction value of chalets has increased by 19.5% since the end of 2016, … Read more

In the final quarter of 2017, Whistler sales activity is continuing at an active pace, despite being slower than the first half of the year. The pace of business is still above historical averages and the slowing of sales is largely attributed to the extremely low number of properties being offered for sale which in … Read more

For a long time now we have been talking about the real estate market and what has characterized the market in recent years. In 2017 it’s all about low inventory, rising prices but what did the market look like five and ten years ago? Here we take a glimpse at Whistler’s real estate market in 2007, 2012 and 2017 to get a good understanding of how the market has changed in the last ten years and possibly get some insight on how the market may look in the future.

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Like all industries, the real estate industry is evolving due to the prevalence of new technologies and the changing ways that people communicate, do business and live their everyday life. Although there are traditional aspects of real estate that will likely never be fully replaced (viewing properties in person, meeting your real estate agent face-to-face, physically moving home), technology is helpingpeople streamline processes, conduct research and interact with properties. Here are some of the biggest ways technology is impacting the real estate industry in 2017.

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Market activity during the first quarter of 2017 stayed consistent with that of the previous quarter but was significantly below that of the same period a year ago. As was identified in our last report, historically low levels of the number of properties for sale has restricted the amount of activity although there has been … Read more

Pricing your home is an important decision and can differ, depending on the outcome you are after. If you are thinking of putting your home on the market, the first step is to have a clear picture on the outcome you are hoping for. Are you looking for a quick sale, perhaps because you have another offer in place that is subject to the sale of your home? Would you prefer to remain conservative and price your home at market value based on research and evidence of similar recent sales in your area? Or would you like to take a more speculative approach? You know the market is hot, and you’re in no rush to sell, this strategy can produce ultimate rewards but also has drawbacks which we will discuss. There are three main ways to price a home for sale, which option is right for you?

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When purchasing a new home the importance of a home inspection should never be overlooked. When dealing with what may be the largest capital investment of your life, ensuring you know exactly what you are dealing with is important. When a seller puts their home on the market they must disclose problems and latent defects on the Property Disclosure Statement. In some cases, sellers will even commission a home inspection before their home goes on the market to rectify any problems and have a deeper understanding of the condition of their home to assist with pricing. Under almost all conditions it is recommended buyers organize their own independent home inspection too; this is often worked into the contract as one of the subjects to sale.

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The Millennial Buyer is here, and although they may not be knocking on the doors here in Whistler just yet, they are expected to make up over 50 percent of buyers from 2018 onwards, overtaking gen xer’s as the largest buyer segment. Millennial Buyers, who were born between 1981 and 1997, are now in their ripe years for buying property with the median age of the millennial homebuyer 29 years old. This group of buyers is vastly different than its predecessors and there are several economic, social and environmental factors that has shaped the way these young adults buy. So what does a Millennial Buyer look like, and will we see an increase of them here in Whistler?

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We’re heading into Spring, a popular time for people to sell their homes. If you’ve been considering selling but aren’t sure your home is ready, or are ready to sell and want to know how to get the maximum amount for your property, here are some quick and easy ways to increase the resale value of your home. With the current market conditions here in Whistler properties are selling in record time. That doesn’t mean these simple fixes should be overlooked as they are proven to increase the value of homes giving you more money in your pocket.

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Spring is quickly approaching which is typically the busiest time of year for people to put their homes on the market. Although Whistler doesn’t follow characteristic real estate trends Spring is, year after year, a popular time to sell, and with the current state of record-low inventory, those that do decide to sell their home this Spring will be richly rewarded. If you have an investment property in Whistler, or are looking to sell your recreational or full-time home, here are the steps to listing your home for sale. These vary slightly depending on motivations, if a property is tenanted and other unique conditions but as a seller this is what you can expect with the process.

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If you are a first-time home buyer and haven’t yet heard, the BC government has just launched a new program to help you buy your first home. This coincides with several other programs in place already, to help first-time buyers acquire their first property. If you are a first-time buyer looking to enter the property market in Whistler, these programs can be immensely helpful. I am happy to answer any questions you may have about any of these programs, and can connect you with the information and professionals to ensure you receive your maximum entitlements as a first-time buyer.

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When buying or selling real estate, there is often a lot of focus on the sales price. It is logical that buyers want to pay the lowest price possible, while sellers aim to keep the price as high as they can.

Because price is so important, it is often a key factor when it comes to negotiations. Offers and counter offers go back and forth, each party striking out the previous price and suggesting a new one in its place.

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There’s no doubt that price is a point of negotiation in buying and selling a property – but it is only one of many factors that can be negotiated in the contract of purchase and sale.

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“How much are we going to list it for?”

This is a commonly asked question among Whistler homeowners preparing to sell their property. Determining an appropriate listing price is part art, part science. There is no simple formula that we can plug variables into; rather, pricing a property requires research, analysis, and both quantitative and qualitative adjustments.

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When perusing Whistler real estate listings, you might have come across a sentence in the property description proclaiming “No GST!” or “GST applicable”.

Understanding GST – and whether or not it applies to the property you’re buying or selling – is important, because it may add a significant amount to your purchasing expenses.

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