Vancouver, BC (Vocus) March 2, 2010
Over the past year the showcasing of Whistler for the 2010 Olympic Winter Games has energized the Whistler Real Estate market and despite world economic challenges sales activity levels are returning to pre 2008 levels. All segments of the Whistler real estate market have seen measurable increases in sales volume but in particular, sales in the high end and luxury home market stand out. Homes priced form $3,000,000 up (highest sale $9,000,000) have had an increase of over 300% in the past few months as compared to the same time period last year.
This past week has been absolutely beautiful in Whistler – showcasing the best ski resort in the world to all that are watching the Olympics. The view shots of Whistler and the surrounding mountains from the men’s & women’s ski events were spectacular with most venues playing to a full house. Visitors from around the world are having a great time and the Village is buzzing with an incredible level of energy. A couple of things that really stand out are the ability of Whistler Village to handle large volumes of visitors, the spectacular scenery and views and the great planning and presentation of the entertainment venues around the Village. The only complaint I’ve heard from any athletes I spoke to was that Whistler Village is so much fun it is distracting some of them and making it hard to focus on their events – but they love this great town. All of this is a tribute to the designers of the great walking Village and the planners who are putting one of the greatest shows ever at the Olympics.
The world wide exposure given to Whistler over the last couple of years and in the months leading up to the Olympics by the media has filled Whistler Village with destination travelers from all over the world who came to preview this Olympic town. Most of these travelers fall in love with Whistler and there appears to be a direct relationship between the sales of high end real estate and them as most of the recent buyers of luxury homes in Whistler are from outside of Canada.
As well the trend of increasing sales volume will most likely continue throughout 2010 and into the coming years as the 2010 Winter Games are breaking all the records for viewer ship with an expectation of over 3.5 billion people watching before its all over – and this surely can’t be bad for promoting the best ski resort in North America.
Real estate buying opportunities abound at the moment in Whistler as many of the properties currently for sale reflect the lower price levels from last year.
To view some of the best real estate opportunities in Whistler go to http://www.real-estate-whistler.com/listingsindex . For additional market information please contact George Klimock at 604-905-2867.
George Klimock of The Whistler Real Estate Co. LTD. is a Resort Property Specialist who has been assisting clients with their real estate needs for over 20 years.