MOREL REAL ESTATE TEAM NEWSLETTER | APRIL 2020
Sea to Sky Real Estate Update
NOTE: We will have regular weekly stats updates at https://morelrealestateteam.com/category/covid-19-resources/ as the COVID 19 situation continues.
WHISTLER‘s real estate market saw a total dollar volume of approximately $50 Million in March through 25 transactions a considerable decrease from February’s 45 transactions. Of those sales, 7 transactions were for condominium sales, 7 chalets, 5 townhouses and also 5 shared ownership properties. Chalet sales lead the Whistler market for dollar volume in March, with a total of over $33 Million. The total dollar volume was considerably higher in March than for December and January, due to a few luxury home sales towards the beginning and middle of the month.
For a complete breakdown of Whistler Sales by Dollar Volume, Transactions and Property Types, for the past few years, please check out our stats page here.
Property sales in PEMBERTON brought in just over $4 Million in dollar volume in March, with a total of 5 transactions. Of those, 2 were chalet sales, 2 townhouses and 1 condominium.
Want more Pemberton Stats? visit our stats page here
The SQUAMISH real estate market in March brought in a total dollar volume of just over $20 Million. There were a total of 25 property transactions reported as sold in March which comprised of 14 residential attached homes and 11 residential detached homes. Q1 total sales in 2020 were 95 in Squamish down from 132 for the same period last year.
Want more Squamish Stats? visit our stats page here
MORTGAGE UPDATE
There are refinances, switches and purchases still happening. Lenders are still underwriting deals but that for the most part it is slower, with more documents required, so quick turnarounds are harder to come by.
Rates are up, even though they should be down, with some already adjusting downward, but not quickly.. Whereas they went up and up very quickly in March.. some lenders increasing their fixed rates 4 or 5 times in 2 weeks! Crazy! Currently we love the variable product and will try to steer more clients into that for the time being.
Borrowers who are currently laid off will be challenged to get any approvals right now because more and more lenders are saying that won’t do anything until the applicant returns to work. But some have gotten through for sure, so always, case by case on the strength of the overall deal and the job they have been temporarily laid off from.
We would like to encourage our clients who are second homeowners in Squamish/Whistler/Pemberton or who enjoy recreation in the Sea to Sky corridor to please stay in your home community while we all work to limit the spread of Covid-19. We will be ready to welcome you with open arms and open hearts when this time has passed. Smaller BC communities simply do no have the medical resources to manage an outbreak effectively. For the sake of our vulnerable people and our hard-working front-liners please stay safe at home.
FEATURED LISTINGS
7294 Clover Road, Pemberton | $3,600,000
Rare opportunity to own 81.6 acres, 30 minutes from Vail Resort’s Whistler Blackcomb, world renowned ski & Summer paradise. The property is nestled at the foot of the majestic Mt. Currie in the beautiful Pemberton valley, surrounded by spectacular farm land, trees and sweeping views of the mountains. With unsurpassed views and endless outdoor Summer and Winter activities, this private gated property is a one of kind opportunity to custom-build your dream estate including your horse barn, caretakers suite and many more on acreage which affords privacy, and space. This property is an adventure’s paradise, just 5 minutes to the Pemberton airport , to the Big Sky Golf Club and to the Village of Pemberton . Land and home is currently being used as a hobby farm, however is the perfect place to raise a family or to use as a recreational property or as an equestrian retreat. The majestic Pemberton Valley, known for its natural beauty, thriving agriculture industry and countless recreation opportunities, is also quickly becoming an international equestrian centre. Meandering bike paths and forested nature trails just steps from your property. Pick your own fresh produce from your own garden or choose from hiking, mountain biking, canoeing, kayaking, swimming, paragliding, horseback riding or ATV riding in the summer, and cross-country skiing and snowmobiling during the winter. Be minutes away from breathtaking destinations such as Joffre Lakes and Nairn Falls.
322 4314 Ptarmigan Place, Whistler | $1,195,000
This spacious 1,437 square foot two bedroom + loft unit is ready to move in; beautiful renovated, including dishwasher, microwave, new washer/dryer, large private balcony, gas fireplace and has extra storage – perfect for weekend getaways or full time residence. Nightly rental permitted and GST is exempt. Conveniently located in the prestigious Blueberry Hill area of Whistler, at Greyhawk, a great family complex: well-maintained with a large outdoor hot tub, sauna, pool table and exercise area. The Greyhawk complex also offers a quiet and safe central location, serviced by the Whistler bus service.
221 4314 Main Street, Whistler Village | $960,000
Stylish cozy, updated 2 bedroom, 2 bathroom in the heart of the Village – 7 minute walk to the base of Whistler and Blackcomb Gondolas, and our towns finest restaurants and shops just outside your front door. #221, situated in Eagle Lodge is on the sought after, quiet side of the building boasting beautiful views of Blackcomb Mountain and the Peak 2 Peak gondola. The spacious floor plan provides ample space for entertaining, a brand new kitchen to get your culinary juices flowing and a thoughtful modern, yet natural aesthetic. Earn amazing turn-key nightly rental revenue and/or utilize for your own usage or long-term rentals. Monthly strata fee includes, heat, hot water, gas, cable, internet and management. Don’t miss out on this one-of-a-kind opportunity!
4912 4th Avenue, SMITHERS | $995,000
Walk into your dream home in Smithers BC, the “Playground of the North”. From your window or one of two large decks gaze at the stunning view of Hudson Bay Mountain’s peaks and ski runs. Just steps from Smithers Golf and Country Club and downtown Smithers, this nearly 8,000 square foot home has it all. Huge and stunning kitchen, seven bedrooms, five bathrooms, huge games room, gym, theatre, sauna, nanny suite, and king size master bedroom. The master features twin walk in closets, hidden storage closet, and a stunning bathroom. Plentiful storage is provided by the custom cabinetry throughout the home including the many walk-in closets and built-ins. Double and single garages, 2 paved driveways and neatly fenced yard. Plenty of room for entertaining with family, fun and function.
265 4314 Main Street, Whistler Village | $659,000
Beautiful large studio unit showcases an optimal layout to sleep 4 with screen doors separating the bedroom and living quarters. Situated in Deer Lodge, Town Plaza at the ideal, quieter end of the Village Stroll. Equipped with large wheel-chair accessible kitchen and bathroom, stone countertops, stainless-steel appliances, gas fireplace, AC and in-suite laundry. Renovations in 2018 include new carpet, roller-blinds, furniture and WiFi thermostat. Earn amazing turn-key nightly rental revenue with proven track record for the past 6 years. Flexible unit design for short-term rentals, owner’s usage or long-term rentals with ample storage and cabinet space. Don’t miss out on this one-of-a-kind opportunity!
Lot 12 + 26 The Ridge, Pemberton | $389,900 + $459,900
Enjoy Pemberton’s premiere neighbourhood from your dream home at The Ridge. Sun and views all day long from this easy build lot. Zoning is very flexible allowing you to build up to 6500 sq ft of living space including 2 accessory buildings. Easy access to all recreation that Pemberton has to offer and only 30 minutes drive to the world class resort Whistler Blackcomb.
1213 4308 Main Street, Delta Whistler Village Suites | $386,000
One of the largest 1 bedroom floor plans with spacious dining area and extra large balcony with Western exposure showcasing peek a boo views of Whistler through the trees. The Delta is one of the best performing investment opportunities in Whistler, and enjoy the excellent income or personal use. Wonderful location in the heart of Whistler Village within walking distance to ski lifts, shops, restaurants, trails, etc. Great amenities including exercise room, outdoor pool and hot tubs and free shuttle to the lifts. Your chance to have a piece of Whistler!
1456 4308 Main Street, Delta Whistler Village Suites | $239,000
One of the best performing revenue properties in Whistler! Spectacular views, this studio is fully furnished including a kitchenette. Enjoy excellent income or personal use. Recently refurbished. Wonderful location in the heart of Whistler Village, walk to ski lifts, shops, restaurants, trails, etc. Great outdoor pool and hot tub. Phase II allows for some owner usage and the rest for nightly rental, revenues are great at the Delta and the staff make it easy. Your chance to have a piece of Whistler!
420B 2036 London Lane, Whistler Quartershare | $195,000
#420B is one of the largest Legends quartershare 2 bedroom floorplan located in this ski-in/ski-out complex. The unit offers serene and relaxing views of Whistler Creek and mountains. Legends boasts convenience, being within walking distance to the slopes during the Winter and Alpha and Nita Lake in the Summer. #420B features granite countertops, stainless steel appliances, maple cabinet doors and updated task orientated light fixtures. Highlighted amenities of the complex include a large heated outdoor pool, 2 hot tubs, games and media room plus on site ski and bike storage. Monthly fees cover your utilities, management, property taxes, insurance and TW fees.
522 4295 Blackcomb Way, Whistler | $169,000
Spacious fully furnished TOP FLOOR, CORNER UNIT deluxe studio with RENOVATED KITCHEN, SLEEPS FOUR, with Rainbow and Wedge mountain views, full kitchen and in-suite washer/dryer. Whistler Peak Lodge’s central location provides you with easy access to everything Whistler has to offer within footsteps to the Village and Whistler Blackcomb lift access. Complex features an exercise gym, hot tub and 24 hour desk. One of the most affordable opportunities to enter into the Whistler market and a great REVENUE PRODUCER! This is a Phase 2 restricted property that allows for 56 days of owner use per year (28 summer/28 winter).
Canadians Asked to Join #TAKEOUTDAY Every Wednesday.
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Tourim Whistler / Justa Juskova
Tourism Whistler / Mike Crane