In my last video I touched on the confidence that luxury home buyers have shown in the Whistler real estate market over the past 2 months. I posed 2 questions:
1) Why have luxury home buyers been so bullish on the Whistler market through this time?
2) Will this trend continue?
Although I can’t read people’s minds or profess to have a crystal ball, I do have my theories.
Firstly, I’m guessing there are some very shrewd investors that pulled out of the stock market in late 2019 and are looking to park some of that cash in a secure, long term investment. An investment in Whistler also comes with lifestyle returns which brings me to my second thought. Whistler is an incredible recreational mecca at any time but of all the places on earth to be during a global pandemic, I cannot think of a much better location to be sheltering than Whistler. I passionately believe that many buyers, especially those living in large metropolitan areas, feel the same way regardless of their buying power.
Who knows, when the dust begins to settle, we may see a number of part-time Whistler residents switch things up and make Whistler their main residence. I would love to hear your feedback on my theories.