The Pemberton real estate market continues to attract strong interest from both local and regional buyers who are drawn in by its scenic beauty, affordable prices, and accessibility to a wide variety of recreational opportunities.
Pemberton is best defined as a micro market and, as such, standard statistical analysis may not be a truly accurate portrayal of the market place. That being said the strong level of interest in the Pemberton area has resulted in increases in all segments of the market.
Pemberton market activity
Real estate activity has reached its highest level since 2003 and the average transaction values have risen by almost 5% to $446,000 since the start of the year.
Single-family home average transaction values have risen almost 17.8% to $633,000, while condominiums have risen by 8.5% to $241,600 average, and townhouses 22% to $386,000. Extremely strong buyer interest has also arisen for improved properties with acreage in rural and recreational settings.
Like Whistler, the number of properties for sale is at an all-time low and there has never been a better time to consider selling.
Going forward we are expected to see a number of new developments and buildings in Pemberton that will be coming to the market. The successful sale of single-family lots at both Tiyata and Pemberton Ridge is certainly bringing a selection of newer homes to the market, and several new townhouse projects are beginning work and hope to be going to the market in early 2017.
Interest and investment in the Pemberton area is at an all-time high. Stay in touch with your advisor to be up to date on what is happening in Sea to Sky’s true mountain community.