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REMAX Recreational Property Report


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Blog by Doug Treleaven | April 22nd, 2006


REMAX 2006 RECREATIONAL PROPERTY REPORT - WHISTLER

 

Although the record sale prices seen in 2005 have yet to be matched in 2006, Whistler's recreational property market is off to a solid start.  Sales of chalets and condos are up over the first quarter of 2005 and buyer interest remains strong.

Supply is adequate at the moment but will quickly diminish as market activity increases in the coming months.  As a result, there will be further upward pressure on prices.

As the 2010 Olympics approach, it's anticipated that fewer listings will become available as existing owners choose to hold on to their investment.  Offshore buyers are a greater presence in the market than in past years and this should further stimulate the already strong sales activity for high-end properties.  In particular, buyers from the UK are becoming more prominent.

World travelers, often with property interests in many locations, view Whistler's recreational property as highly affordable, if not undervalued.