MOREL REAL ESTATE TEAM NEWSLETTER | MARCH 2020
Sea to Sky Real Estate Update
|
Dear Clients, Friends, and our Sea to Sky Community, Our offices are closed to the public, but we know that many of you are nervous about your property sales, your financial security, the real estate market, your property investments, and your housing security. We want to use this opportunity to assure all of our clients that although our doors are locked, our REALTORS®, our property managers, and our staff are just a phone call away to answer your questions during this stressful time. Our conveyance team is working hard to complete current sales, and while the world has changed, we recognize that it is important to our sellers that we continue to market their properties. Our listing team is working on this, and we are grateful to live in a time where 3D virtual tour technology can help us avoid unnecessary in-person property showings, for the protection of the people and communities we serve. We at RE/MAX Sea to Sky Real Estate are (obviously) not doctors, nurses, or health officials, but we are a small local business. As such, it is up to us to offer the resources that we do have to help each other in this time. We will be creating a page on our website at www.morelrealestateteam.com to share information for: -Home & Property Owners -Landlords who want to help their tenants, or who may need help themselves -Tenants -Current Property Buyers & Sellers -Small Business Owners We’ve summarized the information available for each of these categories of resources below. Realizing in times like these, our homes and real property become even more pertinent to our financial and economic well being, we are keeping a close eye on the local real estate markets – Squamish, Whistler, and Pemberton. We will be updating the statistics weekly so you can keep tabs on the market. Again, visit www.morelrealestateteam.com for these updates. We have also included links to our regular statistics below, through February 2020. Lastly, we’d like to use this email newsletter resource to thank our local nurses, doctors, grocers, delivery people, transit drivers, municipal workers, and everyone else who have taken steps to keep our communities running. In order to protect them and the rest of your community, please abide by the Public Health Officer’s social distancing directive. Stay home. Take care of your family. Check on your friends with a phone call or video chat. Be safe. Reach out if you need help. We are here for each other. Thank you, Sea to Sky neighbours, for your diligence and sense of community at this time. |
 |
Real Estate News: What does COVID-19 mean for real estate?
Currently, lenders are offering some semblance of mortgage deferral on a case by case basis. We have linked to this information from each of the major banks and a few of the local credit unions.
Landlord BC has issued some requests regarding showing tenanted properties, use and sanitization of common spaces/elevators, etc. Additionally, we will continue to update this page with directives from the province and federal government regarding rent payment deferrals and evictions.
For long-term, low income tenants, there is some rental assistance from BC Housing. The government webpage and other resources are available on our site for you to visit to determine if you qualify.
For those of you who have properties listed with us, we have created some statistical tools so you can keep tabs on the local real estate markets. For buyers and sellers who have sales in our system, including firm contracts, we have been in close communication with lawyers’ offices and all have indicated that they are working to bring contracts to close. We have included further pertinent information on our website here.
We are feeling the pinch just as you are, and we are moving forward to try and maintain our staff. There are some payroll and other resources for small business owners and self-employed individuals linked on our site, and we will update this page as more information becomes available from the federal and provincial governments.
WHISTLER’s real estate market saw a total dollar volume of approximately $61 Million in February through 45 transactions. Of those, 12 transactions were for condominium sales, 11 were townhomes, 9 chalets and 7 vacant land properties were sold in Whistler. Chalet sales lead the Whistler market for dollar volume in February, with a total of over $28 Million. Sales in February were up significantly from January.
For a complete breakdown of Whistler Sales by Dollar Volume, Transactions and Property Types, for the past few years, please check out our blog here
Property sales in PEMBERTON brought in just over $4 Million in dollar volume in February, with a total of 6 property sales. Of those, 3 were chalet sales, 2 Vacant Land and 1 condominium.
Want more Pemberton Stats? Check out our blog here.
The SQUAMISH real estate market in February brought in a total dollar volume of just over $26 Million. There were a total of 38 property transactions reported as sold in February which comprised of 26 Residential Attached Homes and 10 Residential Detached Homes.
Want more Squamish Stats? Check out our blog here.
FEATURED LISTINGS
322 3309 Ptarmigan Place | $1,279,000
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 | $960,000
Stylish cozy, updated 2 bed/2 bath in the heart of the Village. 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. NIGHTLY RENTALS PERMITTED.
4912 4th Avenue, SMITHERS | $995,000
Walk into your dream home in Smithers BC, the “Playground of the North”. 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. 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 | $659,000
Large studio/1 bath showcases an optimal layout to sleep 4 with screen doors separating the bedroom and living quarters. Equipped with large wheel-chair accessible kitchen and bathroom, stone countertops, stainless-steel appliances, gas fireplace, AC and in-suite laundry. Earn amazing turn-key nightly rental revenue. Flexible unit design for short-term rentals, owner’s usage or long-term rentals with ample storage and cabinet space.
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 | $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 | $239,000
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.
420B 2036 London Lane | $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 | $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).
How to Help in the Sea to Sky
|
|
