Much like the real estate markets throughout the Sea to Sky corridor, Pemberton is dealing with a limited number of properties for sale while, at the same time, buyer interest in the area continues to grow.
Although some new high density and low density opportunities are expected to come to the market in the next 12-18 months, the market in the short term will continue to favour sellers, and prices can be expected to continue to move up, tempered only by affordability concerns.
Although the number of transactions occurring in the Pemberton market continues to be relatively consistent, values have risen in all sub-markets in the area as buyers continue to pursue the more affordable options in both the village and surrounding area.
Single family transaction values have risen 12% since the start of the year and now sit at $715,000. Condominiums have risen to $272,000 and the average townhouse transaction now starts at $442,000.
It is important to note that individual properties may deviate from this significantly as the amount of sales data available at this time of the year is limited.
Inquires for larger, rural properties remains strong however this demand has little satisfaction as those few properties that do come to market sell quickly if properly priced as there is significant pent up demand .
Pemberton is small, dynamic and highly nuanced marketplace and requires the services of a full time local expert to dig out the best opportunities in a timely manner. Call any of our local specialists for more information.