Greetings from Whistler and Pemberton,
Hoping everyone was able to enjoy a beautiful long weekend with family, friends and some yummy chocolate! Whistler has closed for the season after a spectacular weekend and Blackcomb will remain open until May 23rd.
As you can see in the numbers below we are seeing more new listings and although it is only registering 10 sales the market has been very active in both Whistler and Pemberton. Whistler is currently showing 149 active listings and Pemberton has 21. We have a first quarter update, produced by Whistler Real Estate, for you in the video below. If you are wondering about selling let us know and we can give you a more specific update on your segment of the market.
Here are this weeks numbers for you:
We look forward to hearing from you.
Have a great week!
Lynne Venner & Tracey Cruz
Your Mother/Daughter Team
*Note: All statistical information provided from sources deemed to be reliable. Information provided is based on data collected from Whistler Listing Service WLS and MLS.
Whistler Market Report: First Quarter 2022
The pace of sales in Whistler and Pemberton slowed down slightly in Q1, but the average transaction value has increased in both markets as supply continues to be a constraint. Learn more about what happened in the Whistler and Pemberton markets in Q1 2022 and our thoughts on what’s to come.
#401 First Tracks Lodge
First Tracks Lodge is one of the most prestigious addresses in Whistler, located at the base of the Creekside Gondola. Walk out the door and the gondola is just steps away! This top floor unit has vaulted ceilings in the living area and primary suite with huge windows, providing lots of light, afternoon sunshine and fantastic mountain views. At 1234 square feet, 2 bedrooms, 2 bathrooms, open living area & oversized patio there is plenty of space for a family. This gorgeous complex boasts a year-round heated pool, 2 hot tub, exercise facility, underground parking, ski & bike storage and a 24 hour reception service. First Tracks Lodge is a sought after property for owners & renters. #401 is not currently in the rental program (GST paid) however there is revenue potential if rented through the in-house management team. Phase 1 zoning permits unlimited owner use!
Interest Rate Update:
On April 13, 2022 The Bank of Canada raised its key interest rate by the highest amount in more than 20 years, half a percentage point. If you would like to discuss this, please do not hesitate to reach out and we can connect you with our local mortgage brokers to explain how this affects you and your buying power.
“Home sales in the province continue to moderate from record highs of this time last year,” said BCREA Chief Economist Brendon Ogmundson. “Given the sharp rise in Canadian mortgage rates and expected tightening from the Bank of Canada, activity will likely slow further in the second half of this year.”