Whistler Overview

Whistler is regarded as one of the best ski resorts in North America. Boasting over 7,000 acres of ski-able terrain, it is the premier summer and winter destination in British Columbia. Because of the popularity of the resort and the impending 2010 Winter Olympics, real estate prices in Whistler have increased in value steadily over the last 20 years.

Below is a summary of recent transactions and properties of interest:

Whistler Owner Locations

The following section shows the breakdown of ownership information for properties in Whistler. For each property in the Whistler area, Landcor has the address of the owner of that property.

This section highlights Landcor's ability to map out the geographical distribution of all property owners. Landcor determines whether the property is owner occupied or not by comparing the owners address we have on file to the property address. Where those addresses do not match, this study considers the owner not to live in that property.

For instance, for a given property in Whistler, Landcor can identify that the owner's address is 1234 1st Street in Houston, Texas. With this information, we can map out the geographical distribution of owners.

The following maps outline in some detail where property owners in Whistler are located. The maps are generated based on the owners who have been identified as not living in their Whistler property.

Whistler Condo Owner Locations in North America

Each dot on the picture can represent one or more property owners.

Figure 2: Whistler Owner Locations North America

	Sales in 2005		Sales in 2002
	Sales in 2004		Sales in 2001
	Sales in 2003		Sales in 2000

Whistler Condo Owner Locations in the Northwest

Each dot on the picture can represent one or more property owners.

Figure 3: Whistler Condo Owner Locations in the Northwest

	Sales in 2005		Sales in 2002
	Sales in 2004		Sales in 2001
	Sales in 2003		Sales in 2000

Whistler Condo Owner Locations in the Lower Mainland

Each dot on the picture can represent one or more property owners.

Figure 4: Whistler Condo Owner Locations in the Lower Mainland

	Sales in 2005		Sales in 2002
	Sales in 2004		Sales in 2001
	Sales in 2003		Sales in 2000

Whistler - Average Assessed Value for All Property Types

Whistler was the long time darling of recreational property for the Lower Mainland, but with very high prices in the Whistler market, many investors have started to look for an alternative location. While real estate prices remain high in Whistler, the rate of growth has slowed dramatically, and in fact reversed. Assessed value across the entire province increased an average of approximately 14%, whereas Whistler’s average assessed value actually went down. Whistler’s growth rate is markedly less than the provincial average.

Figure 5: Average Assessed Value in Whistler

The key thing to take from this is that demand for Whistler properties is leveling off as people look for, and find, other areas that offer a similar quality lifestyle for much less money.

Whistler is no longer the only "destination resort" in BC.

Whistler Sales Trends

These graphs show trends (total number of sales, total dollar value of sales and average sale price) in the monthly sales data for properties that match your characteristics over the time frame you selected. Each graph contains bars and a line. The bars are the actual monthly data and the line is a calculated, smoothed trend line of the data.

Report Criteria: Condominiums in Whistler (Whistler Resort Municipality)

5 Year Trend

Total Number of Sales

Earliest Sale Date: January 2000

Latest Sale Date: May 2006

Figure 6: Total Number of Sales Over the Last 5 Years

Total Dollar Value of Sales

Earliest Sale Date: January 2000

Latest Sale Date: May 2006

Figure 7: Total Dollar Value of Sales Over the Last 5 Years

Average Sale Price

Earliest Sale Date: January 2000

Latest Sale Date: May 2006

Figure 8: Average Sale Price Over the Last 5 Years

10 Year Trend

Total Number of Sales

Earliest Sale Date: January 1995

Latest Sale Date: May 2006

Figure 6: Total Number of Sales Over the Last 10 Years

Total Dollar Value of Sales

Earliest Sale Date: January 1995

Latest Sale Date: May 2006

Figure 7: Total Dollar Value of Sales Over the Last 10 Years

Average Sale Price

Earliest Sale Date: January 1995

Latest Sale Date: May 2006

Figure 8: Average Sale Price Over the Last 10 Years

If you would like more information on the Whistler area or any other areas that you are interested in, please contact our friends at Landcor.com, or e-mail them at  support@landcor.com.