While the real estate sales activity in Whistler remained steady during the 2nd quarter of 2008 with approximately 200 properties selling, the overall sales volume year to date is down from last year - but keep in mind, 2007 was one of the best years in terms of real estate sales volume and price appreciation in recent history. After a slow start in June and July, the summer selling season has picked up in the last few weeks with a steady level of buying activity. The expectation is for more of the same in August & September and hopefully the weather will be as good as in July.

Overall North American visitor traffic is down from last year but we are getting increasing amounts of international tourist to offset this - even during the off season. This will probably continue through the 2010 Olympics.

Currently, residential home sales, townhouses and residential condominium sales are the strongest with prices remaining firm at the levels achieved late last year. They are followed by the phase 1 condominiums (nightly rentals or unlimited owner use).

There has also been a selective renewed interest in the phase 2 condominium (Hotel Condominiums) market for the best revenue properties. The new modified tax assessments for the phase 2 condominium properties along with increased occupancies & revenue should help to carry this interest into the fall. Currently there are some attractive buying opportunities in this sector of the market.