Property Sales Increase in Popular Canadian Ski Resort

Posted on 22 November 2012

The number of property sales in the popular Canadian ski resort of Whistler has increased in October compared to September, but overall sales have fallen slightly year on year. The higher end of the market however is performing particularly well. In October 52 homes were sold in Whistler compared to 54 in October last year.

This is quite an increase on September when just 45 properties were sold. During the last two months 10 sales have been for properties worth in excess of $2 million compared with 19 such sales during the first eight months of the year.

The most expensive property sold in October was a seven bedroom house worth $8.8 million. Local estate agents think the market is improving as more people are looking to buy a home in time for the ski season.

Market conditions in British Columbia in Canada remain firmly in favour of buyers who now have more time to consider the purchase, with the exception being ski in ski out properties worth around $2 million. This means sellers need to ensure the property is priced correctly in order to compete in the current market.

The ski season in Whistler opened a week or so earlier this year due to good snow levels, and everyone at the resort is expecting a great season. While Whistler is best known for being a ski resort, it’s also a popular year-round destination, attracting visitors from across the globe. It hosts a number of popular festivals during the summer including mountain biking and music festivals, and has a whole raft of activities attractive to tourists including hiking, biking and bear watching.