Let’s talk about what happened in the Pemberton Real Estate market in the second quarter of 2022.
Sales increased 80% in Pemberton from Q1 to Q2, which was a function of more inventory, specifically townhouses and condos, coming available throughout the quarter. This inventory increase was also driven by the release of 25 lots at Sunstone, many of which have sold and signaled that the desire to build and live in Pemberton remains strong. The median prices have continued to rise for both single family and townhouses.
Note: Given the small size of the Pemberton market, a couple of transactions have the potential to skew the average and median prices for each market segment. For more details on properties in your segment of interest, please contact your Whistler Real Estate agent.
Watch Market Report
There is a lot of exciting development slated for Pemberton, but we anticipate the lack of move-in-ready inventory will likely continue to be a challenge for buyers as we expect demand to continue to exceed supply throughout the remainder of 2022.
Despite speculation that further interest rate increases could potentially lead the country into a recession, the unmet demand will sustain the Pemberton Market. It remains unclear if or how the proposed foreign buyer ban may have an impact on Pemberton.
We recommend staying in touch with your local Whistler Real Estate agent for the latest market updates.
Picture in Lead Image: 9040 Pemberton Portage Road | Lisa Hilton – Personal Real Estate Corporation