The Pemberton Real Estate market had a strong start to 2018 with a slight improvement in activity since a year ago and an increase in overall transaction value since the beginning of the year.
Our beautiful, rural community, continues to attract increasing attention as prices rise in the southern part of the corridor. Young families, retirees, and ex-Whistlerites are discovering the pleasures of small town living in one of BC’s most unique spots.
Overall, the average real estate transaction in Pemberton was valued at $517,244 at the end of the first quarter, an increase of 6.1% over the end of the previous quarter.
Strong demand is occurring in all segments of the marketplace, with family orientated properties being particularly active. To date, the average transaction value for a single family home is $816,900, for a townhouse it is $609,375, and for a condominium it is $385,429.
What does it mean?
Pemberton is currently experiencing an economic boom with significant new investment in both residential and commercial/industrial buildings as well as numerous new small businesses getting underway (take a drive through the industrial park to get a sense).
At this point, Pemberton is a bit of an undiscovered gem, but it won’t stay that way for long.
It is, however, a unique and highly specialised micro market with a set of characteristics unique to the corridor. If you are thinking of buying or selling be sure to consult with one of our full time advisors to get the accurate up to date information.