Vancouver Price Drop

Documenting Vancouver real estate price movements

Whistler Spotlight – July 23, 2012

Here are the top 10 properties currently listed in Whistler, Pemberton and Squamish with the largest overall drop in asking price since early March.  This is the first month I have included a spotlight for this area

Some Highlights

  • South Slope is the top area in the list with 3 listings in the top 7 drops
  • 4 of the 8 listings with assessment info are now below assessment

Address:6801 CRABAPPLE DR, Whistler, Whistler Pemberton

March 09 V920898 $6,999,000 $0 0%
April 18 V920898 $8,450,000 $0 0%
June 06 V920898 $5,999,000 $-2,451,000 -29%

Assessment: $5,274,000

Tranquility and privacy are words that nicely describe 6801 Crabapple Drive. A private lane leads to this secluded estate home situated on nearly 5 acres of combined land. The well designed floor plan offers the opportunity for large scale entertaining as well as cozy gatherings. Features of the home include dramatic 30 ft ceilings, a 2 way driveway with porte-cochere, a stunning master suite with massive spa like ensuite, and canoe dock with access to Alta Lake just steps from the back door. Enjoy privacy and a gentle respite from the outside world in this magnificent Lodge.

Address:# SL9 41488 BRENNAN RD, Squamish, Squamish

June 06 V954642 $599,900 $0 0%
June 27 V954642 removed
June 28 V948105 $449,900 $-150,000 -25%
July 16 V948105 removed
July 17 V948103 $449,900 $-150,000 -25%

Assessment: No Assessment

**Click on Multi-Media link to view additional information on Rivendale Development website** Where form meets function. Where modern ideas blend with nature. Where you can experience natural living. Offering two stunning West Coast Modern 1/2 duplex styles, Rivendale introduces thoughtfully designed layouts into an unsurpassed setting. Rivendale is an environmentally friendly development that embraces and respects the natural beauty throughout the surrounding area. Move in, unwind and experience natural living at its finest!

Address:# 100 4865 PAINTED CLIFF DR, Whistler, Whistler Pemberton

March 09 V915712 $1,299,000 $0 0%
May 17 V915712 $999,950 $-299,050 -23%

Assessment: $720,000

The largest townhome available on Blackcomb Benchlands – over 2000 sq ft: 5 bedrooms, 4 bathrooms, a secondary living room, 2 good sized decks, and underground parking at your door for 2 cars! This property has just been given a face lift: fresh paint, new carpet, and some furnishings replaced and flat screen TVs installed. HST is apllicable to the sale or can be deferred.

Address:2032 N HIGHWAY 99 HY, Pemberton, Whistler Pemberton

March 09 V928907 $420,000 $0 0%
June 22 V928907 $325,000 $-95,000 -23%

Assessment: $433,800

Wonderful post and beam building on 1.5 acres in downtown Mt. Currie. Currently zoned and equipped as a restaurant but could easily be re-zoned and re-designed into any food, cultural or tourism related activity. Property also includes two secure fully serviced out buildings. Amazing building at an amazing price.

Address:3820 SUNRIDGE DR, Whistler, Whistler Pemberton

March 09 V922151 $12,500,000 $0 0%
March 13 V922151 $9,750,000 $-2,750,000 -22%

Assessment: $8,698,000

Akasha! Located on Whistler Mountain, this masterpiece home is in a class of its own. From the 480 year old central axis Cedar Tree to the Totems that flank the indoor pool, everything about this extraordinary property is awe-inspiring. Poised near the top of one on Whistler’s most exclusive neighborhoods, Sunridge Plateau, where the ski slopes of Whistler Mountain are a short walk from your front door…This property has extensive views of snow capped mountains, green valleys floors, Whistler Village and Golf Course. The three levels of this exclusive property radiate from a central backbone of the home created from a 50 foot high, 480 year old Red Cedar tree trunk around which a wooden staircase spirals.

Address:# 317 4122 VILLAGE GR, Whistler, Whistler Pemberton

March 09 V851415 $115,000 $0 0%
April 14 V851415 $99,000 $-16,000 -14%
June 08 V851415 $90,000 $-25,000 -22%

Assessment: $107,400

In the heart of Whistler Village, the stylish Adara Hotel offers a contemporary take on lodging accommodations. It boasts a two level, rundlestone lobby with warm and inviting fireplace and lounge area, an outdoor pool, a year-round hot tub with mountain views and underground parking. This 524 square foot studio with loft offers mountain views and features air-conditioning, fireplace, a five-foot shower area with rain showerhead and sleeps 4. Enjoy ownership in this pet friendly hotel which is within a short walk to the slopes. Strata fees are deducted from revenue.

Address:# BLK A PARADISE VALLEY RD, Squamish, Squamish

March 09 V880170 $119,000 $0 0%
May 09 V880170 $109,000 $-10,000 -8%
June 08 V880170 $95,000 $-24,000 -20%

Assessment: No Assessment

2.99 Acres of beautiful forested land along the Cheakamus River. Build your dream home and live full time or use as get away. Access is by foot or ATV over footbridge. Power at lot line . Vancouover 1 hr. south, Whistler 45 min. north. Renewable Crown Land lease. Vendor willing to help clear building site and build on property. Vendor motivated to sell!

Address:# 307 4369 MAIN ST, Whistler, Whistler Pemberton

March 09 V817945 $159,000 $0 0%
April 25 V817945 $127,000 $-32,000 -20%

Assessment: $103,100

Deluxe studio, fully finished. Located in the heart of Whistler Village. Featuring lofted 9′ ceiling, galley style kitchen complete with full size fridge, stove, dishwasher & microwave oven. Cozy sunken living room. Close to shops, restaurants and ski lifts. The building has an outdoor pool, hot tub, fitness room, sauna and secure underground parking. Affordable luxury with room for four people.

Address:# 407 4591 BLACKCOMB WY, Whistler, Whistler Pemberton

March 09 V821305 $219,000 $0 0%
April 08 V821305 removed
July 11 V961270 $175,000 $-44,000 -20%

Assessment: $198,000

Luxurious 647 sf studio suite that sleeps 2. Priced to GO! A leading hotel, the Four Seasons offers comfort & intuitive personal care. Enjoy regional cuisine at Fifty Two 80 Bistro, unparalleled devotion at the Alpine Spa, luxurious amenities including concierge, on-hill ski valet, ski shuttle and health club facilities. 5 star plus!

Address:4860 CASABELLA CR, Whistler, Whistler Pemberton

March 09 V887410 $1,250,000 $0 0%
May 01 V887410 removed
June 06 V954546 $999,000 $-251,000 -20%

Assessment: $1,076,000

Montebello, one of the best complexes in Whistler! Central location, walk to the Village stroll, shopping, grocery stores, even the lifts! This 3 bedroom + large office, 4 bathroom townhome is finished beautifully: Granite counter tops, stainless steel appliances, sub-zero fridge, gas range, slate flooring, and natural gas fireplace. It’s a bright end unit with an open living plan; added bonus it comes fully furnished, and the furniture was recently upgraded! Outdoor living at its finest, complete with private hot tub and inspiring mountain views. Strata fee includes cable and internet, nightly rentals permitted, priced to sell!


5 responses to “Whistler Spotlight – July 23, 2012

  1. bailinginbc July 23, 2012 at 10:50 pm

    Thanks, an Observer… ask and you shall receive!

  2. Chris Bullard July 24, 2012 at 9:30 am

    Any chance you could do one on Kelowna?

      • Okanaganite July 26, 2012 at 9:15 am

        Everyone is talking about the big urban centers, but they seem to have recovered in the last couple years and increased to an all-time high.

        The rest of Canada has not. Have the rest of us seen a ‘soft landing’, or are we still in for another correction as well?

        My Kelowna home was built in 2007.
        2008 city assessment was 896k.
        2010 city assessment was 744k (I paid 690k).
        2011/2012 city assessment is 705k.

        So assuming the Kelowna city assessment is close, we’ve already had a 21% correction!

  3. Okanaganite July 26, 2012 at 1:07 pm

    Kelowna Median prices are also interesting:

    Spring 2008 had a peak of peak of 500k, which quickly slid to under 400k. There was some recovery, but we’re back down around 400k. Basically a 20% drop.

    I’ve heard that the Albertan’s have lost some interest in our summer playground, and now they’re looking at year-round vacation homes in Arizona that are MUCH cheaper.

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