The Whistler and Pemberton real estate markets remained strong throughout the third quarter this year, and prices are expected to climb as we near 2010.
Recent growth is a result of investors catching on to an undervalued market. Since the market peaked in 2002, sales have been low and properties have appreciated little, and because construction costs have increased 50% over the past five years, properties are selling for less than their replacement value.
Both Whistler and Pemberton are considered good buys, and soon property prices will rise in both communities as sales start to outpace listings. We've seen increases in the upper end of the market and it has been filtering down.
The Whistler Real Estate market is expected to maintain at its current level of Buyer interest which means that prices will strengthen during 2008 and beyond. Buyer interest is primarily in the single family home and family style townhome categories.