Pemberton Market Update: April 2018

2018 Quarter 1 Review

Through the first quarter of 2018, Pemberton continues to attract increasing attention, especially as prices continue to rise throughout the southern end of the Sea to Sky Corridor. Many ex-Whistlerites, young families, retierees, and outdoor enthusiasts continue to discover and turn to Pemberton to fulfill their real estate goals. As a result, the Pemberton real estate market has experienced a strong start to the year.

 

The Pemberton market saw an increase in the number of transactions throughout the first 3 months of the year compared to the same period in 2017. This was paired with a 6.1% increase in overall average transaction value which now sits at $517,244. There is strong demand for all property types, but the single-family home segment has been particular active so far this year.

Breaking the numbers down a little more:

  • Single-Family Homes: Average value now sits at $816,900
  • Towhomes: Average value now sits at $609,375
  • Condos: Average value now sits at $385,429

What We Expect Moving Forward

The great news for Pemberton is that it is currently in the midst of an economic boom. There has been lots of investment throughout the residential and commercial sectors – partially evidenced by the hub of activity in the Pemberton Industrial Park and the several new residential developments underway.

All that said, we continue to feel the impact of low supply levels and high buyer interest. As a result, well-priced properties are generally selling very quickly and we don’t expect this to change too much in the short-term.

If you are curious about what your home is worth in today’s market, or if you are wondering how to be successful as a buyer in this market, or even if you are just looking to stay up-to-date on the current market trends, contact me and I will be happy to discuss the current market with you and how you can accomplish your real estate goals.

*All stats deemed to be accurate and taken from the Whistler Listing System, April 2018

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