Like the Whistler market, the Pemberton real estate market continues to move along at a strong and steady pace. Growth is hindered most by the small size of the market and the limited options currently available for sale. That said, buyer interest continues to be strong and is spread across all market segments.
The first 6 months of 2014 was the most active period the Pemberton real estate market had experienced since 2010. Both the number of transactions and the overall average transaction value of a purchase so far in 2015 remain on par with the same 6-moth period last year.
Single-family homes continue to be the strongest market segment in Pemberton. Average transaction values by property type are currently sitting at:
With an almost 0% vacancy rate, the Pemberton real estate market has become an attractive purchase for investors. However, the majority of buyers continue to look for well located, good value properties that are suitable for a young family.
The velocity of sale for recreational property and larger acreages, tends to be slower despite continued interest. These are often discretionary purchases with unique characteristics.
At this time, there are no plans in place for new developments, nor are there any buildings currently under construction. Therefore, properties that are new to the market should experience immediate attention and, if priced correctly, they may sell quickly.
Buyer options are often limited by lack of inventory so they should be ready to act quickly if they find the right property.
It is important to stay informed of the daily changes in the Pemberton real estate market so that you don’t miss opportunities.
All stats are deemed to be accurate and taken from the Whistler Listing System (June 2015)