Vancouver Price Drop

Documenting Vancouver real estate price movements

Whistler Spotlight – November 9, 2012

It’s been a month so once again here are the top 10 properties currently listed in Whistler with the largest overall drop in asking price since early March.

Some Highlights

  • It takes a 27% drop to make this top 10.  The previous 3 months were 25%, 22% and 20%
  • A perfect 7 of 7 listings with assessment info are now below assessment – this is a first in any spotlight

#10 ) Address:7453 TREETOP LN, Whistler, Whistler Pemberton

March 09 V844503 $2,995,000 $0 0%
July 26 V844503 $2,200,000 $-795,000 -27%

Assessment: $2,492,000

The best of the best! Fantastic view lot located at the top of Treetop Lane, an enclave of luxury homes located in the subdivision of Nesters, walking distance to village ski lifts, shops, and restaurants. This lot is over 16,500 sq ft and allows for a residence of up to 5000 sq ft. If you are looking to build a luxury home in Whistler, this opportunity is definitely worth a closer look.

#9 ) Address:# C 4867 CASABELLA CR, Whistler, Whistler Pemberton

June 14 V861502 $219,000 $0 0%
July 05 V861502 $204,000 $-15,000 -7%
March 09 V861502 $189,000 $-30,000 -14%
June 06 V861502 $180,000 $-39,000 -18%
September 20 V861502 $159,000 $-60,000 -27%

Assessment: $233,000

1/4 Share ownership in this beautiful three bedroom, three bathroom townhouse available with incredible views. Location is amazing, close to everything. Strata fees include taxes, utilities, strata, etc. Private hot tub. Week C.HST Not Applicable.

#8 ) Address:9396 PORTAGE RD, Pemberton, Whistler Pemberton

October 06 V914384 $55,000 $0 0%
January 16 V914384 $49,500 $-5,500 -10%
July 25 V914384 $44,900 $-10,100 -18%
October 13 V914384 $39,900 $-15,100 -27%

Assessment: $68,400

Affordable purchase for recreational usage or build your principal residence. 0.57 acres in Birken, 20 minutes from Pemberton and only minutes to popular Anderson Lake. Power and small outbuilding already on lot. Magnificent mountain views.

#7 ) Address:# 205 B 2020 LONDON LN, Whistler, Whistler Pemberton

March 09 V919666 $84,900 $0 0%
May 04 V919666 $69,900 $-15,000 -18%
September 13 V919666 $59,900 $-25,000 -29%

Assessment: $75,000

Talk about a contemporary design in a fantastic location! Evolution checks all the boxes when you’re seeking a modern suite which offers great owner usage. You have access to all the amenities you could want, from a movie theatre and games room to hot tubs and pool with a view. Whether you’re spending quality time with the family or entertaining friends, everyone’s sure to have a great time.

#6 ) Address:# 407 4050 WHISTLER WY, Whistler, Whistler Pemberton

May 26 V844885 $269,000 $0 0%
June 14 V844885 $219,000 $-50,000 -19%
July 15 V844885 $209,000 $-60,000 -22%
December 21 V844885 $194,000 $-75,000 -28%
December 30 V844885 $189,000 $-80,000 -30%

Assessment: $202,100

The Hilton Whistler Resort & Spa. Located at the base of both Whistler and Blackcomb Mountain gondolas in the heart of Whistler Village. At your doorstep is shops & restaurants. This is one of the largest fully equipped suites in Whistler. Relax by the outdoor heated swimming pool, sauna or indoor/outdoor hot tubs. Phase one rental zoning gives you unlimited owner use or big revenue. If you are looking for a full-service luxury property in heart of Village you best add this to your list.

#5) 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%
September 13 V948103 $419,900 $-180,000 -30%

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!

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

June 14 V851415 $129,000 $0 0%
January 12 V851415 $115,000 $-14,000 -11%
April 14 V851415 $99,000 $-30,000 -23%
June 08 V851415 $90,000 $-39,000 -30%

Assessment: No Assessment

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.

#3 ) Address:38748 BUCKLEY AV, Squamish, Squamish

May 08 V948473 $399,000 $0 0%
June 08 V948473 $385,000 $-14,000 -4%
July 06 V948473 $338,000 $-61,000 -15%
September 06 V948473 $300,000 $-99,000 -25%
November 01 V948473 $258,000 $-141,000 -35%

Assessment: $301,700

Lowest-priced detached home in Squamish. Old-timer, 3 bedroom, 1.5 bathroom home located close to downtown and schools. Renovated in 1992 with new windows, doors, gas furnace/fireplace, upgraded electrical, new flooring and vinyl siding. Washer and dryer replaced in 2004 and new roof and hot water tank in 2010.

#2) Address:# 404-D 2020 LONDON LN, Whistler, Whistler Pemberton

No Picture

December 23 V922939 $115,000 $0 0%
March 09 V922939 $90,000 $-25,000 -22%
June 06 V922939 $79,000 $-36,000 -31%
August 25 V922939 $72,900 $-42,100 -37%

Assessment: $74,100

The newest and most modern of all quarter-share in Whistler…Short walk to ski-lifts, restaurants and stores. Fantastic amenities, including pool, steam, sauna, jacuzzi. All the luxury and convenience for a quarter of the cost. Clean modern, functional with that ‘new’ feeling to this spacious condo in Whistler’s Creekside neighbourhood. This one-fourth interest allows owners to use or rent out their property for one week per month throughout the year with a 2-week bonus every four years at Christmas.

#1 ) 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%
September 01 V880170 $87,000 $-32,000 -27%
September 28 V880170 $75,000 $-44,000 -37%

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!


10 responses to “Whistler Spotlight – November 9, 2012

  1. Landbaron November 9, 2012 at 6:14 pm

    #1 cracks me up!
    $75g’s for a 3 acre Crown Land lease in Squamish??
    He damn well better help to clear and build…everything

  2. bailinginbc November 9, 2012 at 8:46 pm

    “A perfect 7 of 7 listings with assessment info are now below assessment – this is a first in any spotlight”

    Whoo hoo, We’re number one! Which means a lot of people are in number two….

    • Spiltbongwater November 10, 2012 at 10:35 am

      I don’t understand #7. For that price it seems like a 1/4 share, but nowhere in the description did I see a mention of such. And the maintence fees are shown as $374 that would seem like the maintence fee for a full share. What exactly would a person be buying for $59,900 on #7?

      • an observer November 10, 2012 at 10:59 am

        They don’t mention the 1/4 share but that is what it is a least as far as I am able to tell. Not sure if the maintenance fees are for the share or the entire amount

      • Landbaron November 10, 2012 at 1:19 pm

        I think it’s one of those hotel room sales where you only get to use it a few weeks a year (and still have to pay), but you get a cut of the rental the rest of the time.

        “offers great owner usage”
        Well that’s a bonus isn’t it?

      • JR November 11, 2012 at 1:04 am

        It’s a quarter time share. I’ve stayed there and the units are actually very nice. There is a gym and pool, I’m guessing that explains the high fees. These were listed during the olympics for much more, I believe starting at $125k.

      • Landbaron November 11, 2012 at 10:55 pm

        Thx for the info JR,
        But that’s still a crazy high maintenance fee for a quarter share.
        $1200 for the unit a month, for an admittedly nice pool and gym, still seems crazy to me. Lot’s of snow removal I assume 😉

      • JR November 12, 2012 at 1:32 am

        It’s hard to say if the fees are full or quarter. I know some of the places like this deduct strata fees from rental income, it might be their fees include renting fees and it’s upfront, plus wear and tear is higher and fees might cover repair. But yeah doesn’t seem like a great investment.

        I was curious about the Hilton and now I know the answer. We have stayed there several times the last couple years and I kept seeing the same person in the elevator. They clearly lived there.

  3. McLovin November 11, 2012 at 7:49 pm

    Just stayed at the Montebelleo (#9) this weekend. Rented from an owner at $375 a night. Nice place but poor sound proofing. At $800 a month in fees for 7 nights usage I am surprised they are even going for what they are. Pay $170K to get to “rent” your own place for $115 a night?

    • Landbaron November 12, 2012 at 12:15 am

      #9 listing says $650 fees, but is that for a quarter share or the whole deal?

      Jebus, if only a quarter that’s $2600 a month!!!

      Time to buy me a snowplow cause that’s the only thing that makes sense for those fees.

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