cheakamus Whistler Real Estate

Whistler Real Estate Newsletter – October 27, 2014

 

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Whistler Real Estate Market Update
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Greetings from beautiful Whistler BC, here is your Whistler real estate market update!

September 2014 stats:

– September 2014 had lower sales than September 2013….BUT September 2013 had the highest monthly sales in the past 3 years.  September 2014 sales still doubled the sales of September 2012, not too shabby!

– Active listings continues to be under the 450 mark for Whistler.  The sales are growing but the inventory levels continue to shrink.

– Check out the September Stats link below, the YTD sales for 2014 are <$50M higher than YTD 2013, and <$100M higher than 2012!  2014 has the highest YTD sales in the past 5 years.

**Featured Listing**

**Just Sold for 99.9% of asking price!!

4804 Casabella Cr – Immaculate Luxury Townhome in Montebello – $1,129,000

This is it…..this is the premium Montebello unit you’ve been waiting for!  Hands down one of the best locations in the complex; A coveted end unit with breathtaking mountain views, sundrenched yet private patio, and ample visitor parking right beside the unit.  Everything in this spacious 3 bedroom (1 bedroom on main floor and 2 master bedrooms upstairs) 3 FULL bathroom unit has been refinished and restored.  New triple coated finish on slate floors throughout, every piece of wood in the unit has been refinished (including all doors, all trim, hand rails, etc), new washer/dryer, new screens and sliders throughout, brand new high-end kitchenware, just painted, and a beautiful upgraded premium furniture package included to top it off.  Granite countertops, stainless steel appliances, sub-zero fridge, gas cooktop, natural gas fireplace, vaulted living room ceiling, and complete with air-conditioning for the hot summers and a private hot tub to soak after a day on the slopes.  Montebello is the only option for a luxury townhome within walking distance to the village.  This complex was extremely well built, and very well maintained.  The exterior is a classic Whistler design that will never go out of style.  It’s the little things and the attention to detail that sets this unit apart, it’s immaculate and “a must see”, compare it to other units in the complex and you’ll immediately see the difference.

www.4804casabella.com

**Featured Listing**

204 Woodrun – 2 bedroom ski-in/ski/out premium unit!  $709,000

Renovated and spacious 2 bedroom unit in the Woodrun with the best layout. With South-West Exposure and overlookingthe hot tub and pool area, you can actually watch skiers shred down the mountain 50 metres from your balcony! The Woodrunis Whistler’s premium ski-in/ski-out building with concrete construction; it’s also arguably Whistler’s best hot tuband pool! Other features of Woodrun include exercise room, front desk, bike/ski room, and secure underground parking.Strata fees include natural gas, internet, and digital cable. Unlimited owner usage or rent out on a nightly basis.

www.204woodrun.com

New Listings in Whistler – (since my last newsletter Sept 23, 2014)

Sold Listings in Whistler – (since my last newsletter Sept 23, 2014)

Price Reductions in Whistler – (since my last newsletter Sept 23, 2014)

Click below to see this months New Listings and Sales.

NEW LISTINGS

 FEATURED LISTING #1 – $1,129,000

FEATURED LISTING #2 – $709k

Check out my website for more listings:

www.whistler-luxuryhomes.com 

Regards,

David

David wiebe, Sales Representative

Sotheby’s International Realty Canada

2 – 4433 Sundial Place, Whistler BC

c 604-966-8874

dwiebe@sothebysrealty.ca

sothebysrealty.ca

www.whistler-luxuryhomes.com

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107 First Tracks Lodge – Whistler Luxury Condo

httpv://www.youtube.com/watch?v=ie2iEN7JPC4

www.107ftl.com
Surround yourself in luxury at First Tracks Lodge (ranked #1 of 54 hotels in Whistler on tripdadvisor.ca) which is located directly at the base of Whistler Mountain in Creekside!  Spacious 1.5 bedroom (1 bedroom + spacious den) 2 bathroom CORNER unit spread over 1095 sq ft on one level with spectacular mountain views!  Oversized ceilings, spacious living layout, luxury finishes, massive stone gas fireplace, and gourmet kitchen are just some of this unit’s features.  Take advantage of the world-class amenities including 2 hot tubs, outdoor heated pool, steam room, fully-equipped exercise room, and owner’s personal ski-locker (as well as bike storage and in-suite owner storage).  Strata fees include phone, gas, hydro, and cable.
www.107ftl.com

Whistler Real Estate – Newsletter – August 15, 2012

Whistler Market Update

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Whistler Real Estate Market UpdatE
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Greetings from beautiful Whistler BC, here is your Whistler real estate market update!

The weather this summer has turned out to be incredible, it was a slow start but the wait was worth it!  With the amazing weather comes the many visitors, every weekend is packed in the Village.

Let’s take a look at the real estate stats for July 2012, and compare it to previous years:

  • Overall, July was a great month, much higher sales volume and $ amount compared to the previous few years.
  • Again, the # of listings is the lowest it’s been at this time of year than it has been over the last 5 years!
  • Sales to date, higher so far in 2012 than the last 4 years
  • What’s selling?  In July Townhomes and Duplexes ran away from the pack, much higher sales volume in those two categories than the previous few years.

Featured Listing

1733 Pinewood Dr, Pemberton BC – listed @ $689,000:

Welcome home to Pemberton Plateau, located above the Pemberton flood plain.  This 3 bedroom 2.5 bathroom home was built to the very highest standard on the developer’s prime choice lot (end of quiet cul-de-sac)!  The perched view of mountains and meadows is breathtaking and uninhibited!  Some features include: Cultured stone wood burning fireplace, private setting, grass back yard, large lot, heated tile floors, hardwood floors, comes completely turn-key furnished (furniture is European), built in surround sound system, master bedroom alone on the top floor with views of Mt Currie, media room, large 2 car garage + a 2 bedroom revenue suite!  www.1733pinewood.com

Featured Sale

83 North Star – listed @ $459k, sold @ $425k

This was the best deal that has happened in over 10 years for a 2 bedroom in North Star, and a deal like this is unlikely to happen again!

Click to see:

New Listings in Whistler – past 2 weeks

Sold Properties in Whistler – past 2 weeks

Price Reductions in Whistler – past 2 weeeks

Click below to see this months New Listings and Sales.

JuLY stats

NEW LISTINGS

FEATURED LISTING

featured SALE

Crankworx is in full swing at the moment; make sure you check out the Redbull Joyride (used to be called Slope Style) on Saturday @ 5:30pm!! (my favorite event!)

Regards,

David

David wiebe, Sales Representative

Sotheby’s International Realty Canada

2 – 4433 Sundial Place, Whistler BC

c 604-966-8874

dwiebe@sothebysrealty.ca

sothebysrealty.ca

www.whistler-luxuryhomes.com

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Board ‘actively monitoring’ Cheakamus sales

Jennifer Miller jmiller@whistlerquestion.com

The amount of available units and the pace of real estate sales in Whistler is a concern for the board members of the Whistler 2020 Development Corp., the group behind the new Cheakamus Crossing neighbourhood, Mayor Ken Melamed said this week.

Whistler council received an update on the Cheakamus Crossing development at its Tuesday (July 20) meeting, and sales efforts for the market townhouses and building lots was one of the aspects discussed.

One of the 20 available townhouses has been sold to date, as well as two of the 24 single-family lots.

Eric Martin, chair of the development corp. board, said with construction almost complete the main focus of the board is now sales and marketing. The market has been slow lately, but the sales targets for 2010 are not “overly ambitious,” he added.

The goal is to sell three more townhouses and two more building lots before the year’s end, Martin said. The remaining market product is projected to sell by the end of 2011, but that could go into 2012, depending on the market.

After Tuesday’s meeting, Melamed said everyone in the local real estate market is concerned about the pace of sales. With about 900 units of all types available, there’s ample supply, he said.

Even though there’s similar product on the market, Cheakamus Crossing offers higher value, Melamed said.

“Our price point is well positioned,” he said.

Melamed said the Whistler 2020 board, of which he is a member, is “actively monitoring” the progress of sales.

Martin said there’s a possibility to modify the market offerings to adjust the price point if necessary. For example, smaller lots could be offered, he said.

“We need to be very nimble. We need to adapt to conditions,” Martin said.

There’s also a surplus of serviced sites at Cheakamus Crossing not currently earmarked for development that could be sold if more money needs to be raised, he added.

Martin also provided some updated financial information to council. Since November 2008 the total cost of Cheakamus Crossing has gone from $161 million to $168.4 million, mostly because of additional works carried out for the 2010 Olympic Organizing Committee (VANOC), Martin said.

By the end of the year it’s expected that $125,000 will remain in the project contingency.

“We’re on target to be close to break even… by the end of the year,” Martin said.

Significant savings have been realized in interest payments on the $100 million loan issued by the Municipal Finance Authority to fund the neighbourhood’s construction. In November 2008 the estimated total interest was $7.78 million, compared to an updated projection of $1.95 million by December. The current interest rate is just over one per cent.

Martin said repayment has already begun on the loan, with the balance owing currently about $91.7 million. By October, after all the employee-restricted units sales have been finalized, the balance should be about $16 million, he added.

“We’re going to knock off the vast majority of the debt by October,” Martin said.

The Whistler 2020 board is also seeking a tenant for the commercial space in the new neighbourhood, after an offer wasn’t carried through. Melamed said a request for proposals was issued and the preferred applicant backed out at the last minute.

The operator wasn’t willing to take on the financial risk — another apparent impact of the economic downturn, he said.

The board is trying to generate new interest for the commercial opportunity, and it’s expected that once the neighbourhood is occupied it will draw potential operators, he said

Cheakamus residents organizing into political force

By Jesse Ferreras

Cheakamus residents are massing into a vocal political force in their bid to run an asphalt plant out of Whistler.

A cacophonous meeting at the Hilton Whistler Resort and Spa saw just over 20 residents gather to provide feedback and ideas how to move forward with their plan.

The meeting was led by Tim Koshul, who presided over a buzzing room of future residents at Cheakamus Crossing who feel they’ve been “lied to and betrayed” by the municipality because it has plunked a neighbourhood of employee housing near an asphalt plant.

All residents were informed of the plant when they signed disclosure statements, but they were also told that Whistler council was looking at options for moving it.

Among other things, the group has obtained a series of documents that indicate staff at the Resort Municipality of Whistler (RMOW) haven’t always been keen on allowing an asphalt plant in their midst.

The documents included minutes from a meeting of the Advisory Planning Commission (APC), which used to advise council on land use and zoning bylaws.

Discussing a 1998 attempt by Sabre Transport Ltd. to obtain zoning that would allow asphalt and concrete plants on a land tenure it held in the Cheakamus area, commission members were cool to the idea, saying that Whistler’s Official Community Plan was drawn up to encourage “clean” industries and that asphalt and concrete production were “questionable” in a resort setting.

Other memos obtained by the group include an email from Planning Technician Chris Bishop to Sandra Smith, who now works in the municipality’s bylaws department. It warned that Sabre didn’t get much support at the APC and that it could try to operate concrete and asphalt plants illegally.

The memos appear to contradict a legal opinion obtained by the RMOW, which states among other things that the plant’s operator, Frank Silveri, would have a strong case in court if he were asked to move.

Aside from weighing these documents, the group is also looking to rebrand itself. They’re loosely known as NAP, an acronym for “No Asphalt Plant” and a reference to the idea that they believe someone at the RMOW was “napping” when they allowed to asphalt plant to operate at the site.

One option they’re considering is Whistler Air Quality Advocates, or WAQA for short. That was the most popular suggestion at the Thursday meeting but the group didn’t settle on anything by the time it was over.

The central aim of the group is to stop the asphalt plant from running in Whistler but there’s also an appetite among some members to eliminate all heavy industry within the community. Others, however, argued that the group should narrow its focus.

Beyond a debate about its name and mission, the group discussed other steps they could take to stop the asphalt plant from operating. The group may contract a lawyer to serve the municipality with a Letter of Intent stating that the asphalt plant does not have a right to operate in Whistler, but that could cost them about $2,500.

Koshul told the meeting that he’s contacted Ecojustice Canada, a non-profit environmental law firm that works to protect and strengthen environmental regulations. He added, however, that Ecojustice is busy working on issues around the oil sands and didn’t have the resources to assist in the asphalt issue.

One of the last comments of the meeting came from future resident Sebastien Fremont, one of the more prominent voices advocating against the asphalt plant. He said there’s a view in the municipality that Cheakamus residents are “just complaining” and that they “must change that perception.”

“When I talk to a lot of people that bought into the athletes’ village, when I talk to people that I work with, the view that is out there right now is that we are still just complaining,” he said.

“It’s great to be talking about lawyers and spending $2,500 but if we don’t change that, we will always just be (seen as) the whiners in the dark corner.”