Well it’s that time of year again, and RE/MAX has released their Recreational Property Report 2011. Studying 46 markets across Canada has shown that recovering stock portfolios and large equity gains in major centres have stirred up real estate markets from coast to coast. Larger selections, greater affordability and pent up demand are creating a strong recreation property market this year, well ahead of the national average. Buyers who held off during the recession are now back in action and have been rewarded with better values and choices.
In Whistler, sales in the first quarter of 2011, are up 58%. While single family homes sales are softening, condo sales are strong and townhouses are on a serious upswing. Demand is at its highest for affordable…
The housing market is still very active but
has certainly eased away from near record-setting paces. With a sales to listing ratio of 23%, our seller’s
market persits as inventory remains low with a slight increase in sales, but
fairly typical for May.
