September Market Update, HOT listings & new marketing!
by Denise Brown
on Wednesday, October 7th, 2020 at 1:48pm.
Whistler Real Estate Update
Fears in 2020 that the COVID months would impact the real estate sales have proven to be mostly unfounded. New listings are coming on the market and are selling quickly. The Whistler market is still considered a Seller's Market as sales on average are occurring in under 6 months (82 days on average).
Total sales volume has surpassed what was achieved at the same time in 2019. Average + median sales price are both significantly over what was also recorded. Average sale price is over 21% higher and median up over 31%.
While the number of sales is slightly lower, higher sales prices are being recorded (see below for price ranges).
Residential and phase 1 nightly rental condos & townhomes are the most popular purchases.
Quarter Shares are still selling at the same pace as 2019 however pricing has softened.
Phase 2 nightly rental hotel suite sales are down and prices are softening. Most buyers are concerned about 2020's actual revenue and this coming winters. Phase 2 hotel suites are still a very affordable purchase in Whistler starting at $129,000 (Cascade Lodge), one bedroom (or loft) suites at $279,000 (Blackcomb Lodge) and two bedroom suites (or one bedroom with connecting studio suite) starting at $619,000 (Delta Whistler Village Suites). If buying in this sector, I advise choosing the proven properties first (such as the Westin, Pan Pacific Mountainside, Pan Pacific Whistler Village Centre, Delta Whistler Village Suites & Four Seasons Resort).
As mentioned, buyers are looking for single family homes, townhomes and condos to live and as second homes. As well, the Whistler Village and Blackcomb Benchlands phase 1 nightly rental condos & townhomes are also in strong demand.
Please let me know if you would like an updated value on your property as I'd be delighted to help you with your real estate decisions.
My favorite full service hotel for personal use and revenue!
6.4% to 6.7% ROI for a cash purchase
based on 2019 Revenues and current list prices*
Known for its solid revenues, the Westin is one of the most well managed hotel properties in Whistler.
Phase 2 nightly rental permits owner usage of 28 days winter and 28 days summer. Any time that you are not using the suite it is mandatory to be part of the rental pool where you share in the revenues with the management company.
Slopeside to Whistler Mountain with easy access via the Whistler Gondola.
All suites & common areas underwent a recent comprehensive luxury renovation. Rejuvenate and relax in your Whistler suite with renowned Westin Heavenly® Bed & bath tub. Designed to evoke tranquility, the upgraded bathrooms feature an organic, welcoming design complemented by their signature White Tea Bath & Body amenities.
Hotel amenities include
full service spa
Restaurant & lounge
Indoor/outdoor year-round pool, 2 hot tubs, sundeck
Gym, 2 steam rooms & sauna
My current listings:
#480 Westin is a 369 sf studio suite with king bed & sofa bed. IUD of 83. 6.4% ROI. Listed at $284,900
#853 Westin is a 445 sf studio suite with 2 Queen beds. IUD of 108. 6.7% ROI. Listed at $359,000.
#1015 Westin is a 428 sf studio suite with king bed & sofa bed. Vaulted ceilings. IUD 105. 6.45% ROI Listed at $364,900.
Other suites available:
#486 Westin is a 407 sf studio with king bed & sofa bed. Balcony. IUD is 94. Listed at $350,000*
#901 Westin is a 450 sf studio suite with king & sofa bed. Huge deck & vaulted ceilings. Unique floorplan. IUD 113. Listed at $415,000*
#779 Westin is a 539 sf one bedroom suite, sofa bed, dining room, balcony, corner suite. IUD 122. Listed at $419,900*
#755 Westin is a 540 sf one bedroom suite, sofa bed, dining room, driving range views. IUD 132. Listed for $519,000*
Listed by Engel & Volkers, Whistler Real Estate Co Ltd, RE/MAX Sea to Sky Real Estate * Information deemed reliable from the Whistler Listing System. Please seek independent accounting and financial advice E&0E
I have SOLD all of my single family home and townhome listings!
I have NO residential properties to sell and have buyers waiting!
Do you own a single family home or townhome? Are you considering selling?
Ask me about my Bespoke Marketing Program to get YOU....
The maximum sales price
In the shortest amount of time
With terms favourable to you
With the least amount of stress
BESPOKE MARKETING PROGRAM
My focus has always been to get Results for Whistler homeowners using certified negotiation techniques, established systems & innovative marketing to attain the highest sale price in the current market conditions, in the shortest time frame, with terms suitable to the seller, all in a seamless, stress-free environment such that the whole process is exciting rather than fearful.
During COVID I realized that it was time to simplify and refocus. I have returned to the ‘Solopreneur’ real estate business model and developed a bespoke package of services that will be available only to a certain number of homeowners each year. This bespoke package is for the astute home seller who understands that their home may need preparation for sale; wants the best in professional photography & video; a proven pre-listing property launch + ongoing marketing program... and they want an expert to take care of it all for them. They trust the process and the Results are proven.
This bespoke program means my also being deeply involved with your decision-making, one-on-one from beginning to end ... and beyond. I will research your home thoroughly and get to know you & your family's goals, likes, dislikes and preferences intimately. You will have personal access to more than 20 years of Whistler real estate expertise and 30 years of in-depth local knowledge. I will have the answer to all questions so that you can make informed decisions. And don't forget, it will be in a seamless, stress-free, no sales pressure environment.
If you are considering selling and would like to see if your Whistler home is suitable for my bespoke program, please clickHERE to request more information and a private telephone call.