Whistler Townhouse Sells for a $134k Loss in Just One Year

A composite graphic illustrating a significant financial loss in real estate. On the left, a red downward arrow with Canadian $100 bills flowing along its path symbolizes a decrease in value. On the right, an individual stands with hands on head in front of a townhouse, indicating stress or dismay. The townhouse is part of a mountainous residential area, likely Whistler, Canada, with forested hills and a cloudy sky in the background. This image visually represents the financial loss on a property sale, aligning with the content title “Whistler Townhouse Sells for a $134k Loss in Just One Year”.

A comfortable 424-square-foot townhouse in Whistler’s Gondola Village has sold for $750,000, meaning the seller has lost money—a big deal—after just one year of ownership. The real estate at 2-2114 Sarajevo Drive was purchased for $845,000 in July 2023. But in August 2024, it was only sold for $750,000. Including real estate fees and property transfer taxes, the loss on the sale was around $134,000.

The corner property with one bedroom and one bathroom was first advertised for $785,000, and it took 40 days for a deal to be completed. The end-unit townhouse, built in 1985 within the popular Whistler Creekside development—known for its ease of access to and from the area—is just steps from the Creekside Gondola, making it an appealing rental property. The ultimate price paid, however, undoubtedly illustrates how risky selling is in the current Whistler real estate market.

The assessed value for 2024 was $755,100, which was a significant increase from the $668,600 assessed the previous year and somewhat higher than the ultimate sale price. Once more, that did not shield the seller from a severe financial setback. Due to the high carrying costs, which included a $388.84 monthly maintenance fee and $2,572.60 in property taxes, owning this little but highly sought-after piece of Whistler real estate was expensive.

Up until recently, the sales history has been favorable; the property sold for $595,000 in 2021 before rapidly increasing to $845,000 just two years later. These days, this startling $134K annual loss serves as a harsh reminder of how quickly things can change, even in one of the most valuable real estate markets in British Columbia.

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