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.
"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: 2010_Whistler_Report.pdf
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