Whistler
British Columbia real estate - riding out the storm
Vancouver, BC - August 18, 2010
In Q2 2010, home sales in BC rose 52% compared to Q1 2010, and the total dollar value of residential sales rose by 55%, showing a potential return by the real estate market to normal levels.
The Q2 2010 Residential Sales Summary, released today by Landcor Data Corporation, looks at sales and price data for BC as a whole and regionally: Greater Vancouver, Vancouver Island, the Kootenays, the Okanagan, the Fraser Valley and BC North/Northwest.
The greatest increase in sales across the province occurred from May to June. Greater Vancouver sales were up 46% compared to Q1, and showed a 54% increase in sales from May to June. While Vancouver Island actually showed a dip in sales from April to May of -3.6%, an increase in the number of sales from May to June of 45.2% contributed to the full Quarters 58.2% increase in sales volume when compared to Q1. BC North/Northwest went from the lowest increase in sales in Q1 to the highest in Q2, rising 77.7% compared to Q1, led by a 61.8% increase from May to June.
Our Residential Sales Summary also reviews the global, national and provincial economies' effects on the real estate market. Looking ahead to Q3, the initial indicators suggest that the natural cooling season will be definite and evident, perhaps exacerbated by the HST itself and the presumed HST sales run up in BC. Landcor is already watching the effects on new home sales in the short term, and our Q3 report will evaluate how the residential market reacts to these factors.
"I like the signs of recovery that I see", says Landcor Data Corporation president, Rudy Nielsen, "but I've been in the bush many times and I know when I'm out of the woods. We're not there yet. Keep one eye on the trail, and one on the bears."
Click here to download the full report (385 KB)
Rudy Nielsen, President and Founder
Landcor Data Corporation
The Winning Bid, a Winning Buy.
New report explores Whistler residential market's decade-long adrenaline rush.
Vancouver, BC - January 25, 2010 - Whistler's housing market rebound at the end of 2009 capped decade-long growth that saw a 123 per cent increase in assessed values from 2000 to 2010, according to a new report from Landcor Data Corporation.
The 2010 Whistler Report evaluates residential real estate facts and trends for the Resort Municipality of Whistler since 2000. It provides a decade's worth of property information and analysis, including a special focus on foreign and domestic ownership in the region and a detailed quarterly analysis of the Whistler market in 2009.
Click here to download the full report
"This report reveals the transformation that's taken place in Whistler since 2000 ," explains Landcor President Rudy Nielsen. "Since we won the 2010 Olympic and Paralympic Games bid in 2003, the change has been dramatic."
Where are Whistler buyers from? Nielsen notes that "three years ago, property owners in Whistler hailed from 13 countries. Today that number has skyrocketed to approximately 40 countries around the globe."
There are currently a total of 13,134 residential properties in Whistler, which have generated 8,990 sales since 2000.
The average assessed value of a condominium in Whistler increased by 201 per cent to $380,000 in 2010 from $189,000 in 2000. There are currently a total of 6,244 condominium units in Whistler, which have generated 4,738 sales since 2000.
The average assessed value of a townhome in Whistler increased by 204 per cent to $677,000 in 2010 from $331,000 in 2000. There are currently a total of 3,350 townhome units in Whistler, which have generated 2,355 sales since 2000.
The average assessed value of a detached home in Whistler increased by 141 per cent to $1,396,000 in 2010 from $580,000 in 2000. There are currently a total of 2,580 detached units in Whistler, which have generated 1,446 sales since 2000.
"Whistler continues to be a good investment and this data demonstrates the gain in values in the past decade," says Nielsen. "My advice to anyone looking to buy in Whistler is the same advice that I give to all potential buyers: Don't wait to buy land. Buy land...Then wait!"
Click here to download the full report. (2 MB)
Rudy Nielsen, President and Founder
Landcor Data Corporation
