Pemberton Market Update: April 2019

Date Posted: April 19, 2019

2019 QUARTER 1 REVIEW

Similarly, to quarter 4 of 2018, the first three months of 2019 have seen transaction values continue to rise in Pemberton as the number of buyers outweighs the amount of properties coming on the market. Overall sales activity remains low in comparison to the height of the market at the end of 2017 and beginning of 2018; however, more and more families and first-time buyers are turning to Pemberton to find a place to call home. As a result of this shift, single-family homes and condos are proving to attract the most buyer interest.

The average transaction value for a property in Pemberton is $518,800; not far from the average at the beginning of 2019, but a 6% increase year on year. Pemberton is a small marketplace, and although the number of properties coming onto the market is gradually increasing, the choice for buyers remains somewhat limited.

Breaking the numbers down a little more:

  • Single-Family Homes: current average sale value $997,857
  • Townhomes: current average sale value $586,500
  • Condos: current average sale value $375,900

With stricter rules being implemented around mortgages and financing, buyers are facing additional challenges leaving many unable to purchase a home. Despite these challenges, interest in the Pemberton area remains high and is supporting values.

Consistent with previous quarters, average time on the market for a property in Pemberton is 60-90 days, which indicates it is experiencing a balanced market. It should be noted that well priced listings are selling more quickly, and often receive multiple offers.

WHAT WE EXPECT MOVING FORWARD

Over the coming months we can expect to see Pemberton undergo a vast transformation – starting in spring and continuing into summer, construction will begin to create many new homes in a number of subdivisions, and several new medium density developments. Key upgrades will also be applied to the infrastructure and general aesthetics of the Village area.

A unique place, Pemberton boasts a beautiful and relaxed rural community while continuing to be the most affordable area in the Sea-to-Sky corridor.

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 2o19


MLS Medallion Club Awards

Date Posted: March 6, 2019

I would like to take a moment to thank all my 2018 clients. It is because of you that I am so honoured to once again be awarded with the MLS Medallion Club Award for 2018. This year’s award makes 2018 my 5th year qualifying!

The Medallion Club Awards are annual acknowledgements given by the Greater Vancouver Real Estate Board in recognition of the accomplishments of its top producers. In order to become a Medallion Club member, you must be in the top 10% of all board members in terms of your combined listings, sales, and dollar volume for that year.

Thank you so much to all of my clients, co-workers, family, friends and supporters –  I could not have accomplished this without you and I am truly grateful.


Pemberton Market Update: January 2019

Date Posted: January 17, 2019

It has been a busy year for real estate in Pemberton so what does this mean for the local market and what can we expect moving forward through 2019?

2018 Year in Review

Over the course of 2018, the real estate market in Pemberton continued to follow much the same course as was established through 2017. As the year progressed, activity levels returned from the peaks of 2016/17 to levels that are more typical of what we would expect based on historical data. As interest rates increased and new mortgage rules came into effect and impacted the costs of ownership, the second half of the year demonstrated a noticeably slower marketplace as compared to the first 6 months of 2018. It is important to note that these changes served to dampen real estate markets and buyer enthusiasm across the board – nationally and regionally as well as locally.

The real estate market in Pemberton continues to attract recreational enthusiasts, first-time buyers, investors, and those looking for family living at prices no longer attainable in Whistler. Due to the limited opportunities that were available through 2018, this demand resulted in an overall 7.1% increase in average transaction value for property in Pemberton throughout the course of the year.

Breaking the numbers down a little more:

  • Single-Family Homes: Average sale value increased 9.8% to $897,096 over 2017 (with a number of sales exceeding $1 Million)
  • Towhomes: Average sale value increased 22.8% (to $588,561) over 2017
  • Condos: Average sale value increased 13% (to $378,459) over 2017

Acreages and homes with acreages continued to remain of interest to high net worth individuals, a new generation of agricultural enthusiasts, and families taking advantage of the real estate markets in Vancouver and Whistler. The strongest buyer interest, however, continues to be in affordable properties (specifically condos and townhomes) that appeal to young families and first-time buyers.

Through the course of the year, Pemberton has been a hive of activity with several new developments getting underway and continuing to attract attention. Local builders and trades can expect a busy year ahead based on the sales activity on single-family building lots within the community. With several condo and townhome developments also on offer, buyers of real estate in Pemberton will have the option to consider newly-built properties of all types (and all the benefits that accompany them), unlike buyers of real estate in Whistler.

This activity extended into the commercial sector with a lot of growth and construction occurring in the Pemberton Industrial Park as new businesses decide to own their place of work rather than operate as a tenant.

What We Expect Moving Forward

With the number of properties available for sale slowly on the rise and strong buyer interest in the community, we expect sales activity in Pemberton to make a return to more balanced levels as we move forward through 2019. We also expect that as we reach that point of balance, further price appreciation will become more subdued.

With several considerations in the books and on the horizon, including:

  • Interest rate changes
  • New mortgage financing rules
  • The future of affordable housing in Whistler (and new developments in Squamish)

we anticipate the buyers of real estate in Pemberton will proceed with caution and, as a result, sellers can expect their properties to spend longer on the market than was experienced in the recent past. Going forward, effective pricing will be the key to success for sellers and there will continue to be strong buyer interest in Pemberton real estate for properties that are well priced.

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, January 2o19


SOLD! 22 Pioneer Junction Townhomes

Date Posted: August 4, 2018

A desirable Pemberton location

 

Wonderful 2 bedroom townhome in one of Pemberton’s most-desired neighborhoods! This bright home has many tasteful updates that include 2 new bathrooms, bamboo flooring, wood blinds, stair railings, and bonus 3rd sleeping area that could be used as an office space. The open living area flows outside to a covered outdoor deck with grassed area below. The master bedroom is quite spacious and features a new ensuite bathroom and an over-sized walk in closet. The guest bedroom is very comfortable and features beautiful views of Mt. Currie! Geothermal central heating and air-conditioning, a “super single” garage and crawlspace area, and amenities that include a playground, gym, and community garden complete the package. Definitely worth a closer look! 

“Amber is a very reliable, understanding and professional realtor. She met all our needs with finding a home for us and our new baby. Amber took the time and broke every home down we looked at with pros and cons to ensure this home was the winner! Our family couldn’t be happier with the neighbourhood, lay out of the home and quality of service delivered from Amber. I recommend her quality of work to anyone who asks who is the best in the business. “ Buyer of 22 Pioneer Junction.

The real estate market in Pemberton is busy. Well-priced properties are generally selling very quickly and prices continue to feel upward pressure. If you have been thinking of selling, this could be the right time.

If you are curious about your home’s value in today’s market, want more information about this sale or similar listings, or if you would like an update on market conditions, contact me today!

August 2018


SOLD! 12 Pioneer Junction

Date Posted: August 4, 2018

A convenient Pemberton condo

 

Whether you are looking for views, a convenient location, or a move-in ready home, this beautiful, top floor, corner condo checks all the boxes. This condo has been beautifully updated and offers a bright and airy living area that flows from the kitchen through to the living room with clear sight-lines and mountain views from every window. Two spacious bedrooms and a renovated bathroom offer space for family or guests. Geothermal temperature control will keep you comfortable and your costs low, no matter the weather. Updates include new heated flooring in the kitchen and bathroom, new appliances, restained hardwood flooring, and updated fixtures, just to name a few. Pioneer Junction is a popular Pemberton complex with an on-site playground and amenities building with a gym and full kitchen. It is just a short stroll from your front door to One Mile Like, the community garden, hiking/biking trails, schools, and town. 

Listed for $469,000 and sold for $463,000 (99% of the asking price).

“Amber is a very reliable, understanding and professional realtor. She met all our needs with finding a home for us and our new baby. Amber took the time and broke every home down we looked at with pros and cons to ensure this home was the winner! Our family couldn’t be happier with the neighbourhood, lay out of the home and quality of service delivered from Amber. I recommend her quality of work to anyone who asks who is the best in the business. “ Seller of 12 Pioneer Junction.

The real estate market in Pemberton is busy. Well-priced properties are generally selling very quickly and prices continue to feel upward pressure. If you have been thinking of selling, this could be the right time.

If you are curious about your home’s value in today’s market, want more information about this sale or similar listings, or if you would like an update on market conditions, contact me today!

August 2018


FEATURED LISTING: 7604 Pemberton Meadows Road

Date Posted: July 16, 2018

A Custom Estate Home in Beautiful Pemberton

 $2,099,000

4.5 Bedroom   |   2.5 Bathroom   |   3,750 Sq.Ft.   |    Chalet

Experience everything that Pemberton has to offer from this custom estate home sitting on almost three quarters of an acre with a view of Mount Currie. Inside, cathedral ceilings and expansive windows open up the living spaces and embrace you with natural light. Distressed alder hardwood flooring underfoot provides the perfect touch of Pemberton charm. Framed on either side by windows showcasing unobstructed views, the stone floor-to-ceiling, wood-burning fireplace is the centrepiece of the open concept living area and Mt. Currie views are a dominating feature of the dining room. Meanwhile, the bright and airy kitchen is a delight with shaker-style cabinets, stainless steel appliances, and a large island with built-in antique maple butcher’s block.

The grand master bedroom has soaring ceilings, a walk-through closet and a luxurious ensuite. Two additional bedrooms, an office, a laundry room, and a half bath complete the ‘one level living’ on the main floor. A large basement provides plenty of additional space that includes another bedroom, a kids play room/golf room, a generous mud room, and an amazing amount of heated/cold storage.

Outside, a spacious patio with outdoor fireplace, BBQ area and hot tub, gives way to perennial/veggie gardens, manicured lawns, and a salt water swimming pool. Backing onto acres of farmland, you will enjoy ultimate privacy with all day sun while still having the amenities of Pemberton nearby. This home, complete with oversize 2-car garage is designed for executive living or a family.

See the photos & find out more here.

Listed: July 2018


JUST LISTED – 12 Pioneer Junction – NOW SOLD

Date Posted: April 27, 2018

A 2 Bedroom Condo in Pemberton

$469,000

2 Bedroom   |   1 Bathroom   |   784 Sq.Ft.   |    Condo

Pioneer Junction is a popular complex just a short stroll from One Mile Lake, trails, schools, and town. With geothermal temperature control, this updated top floor, corner condo is move-in ready. From the bright and airy living spaces to the spacious bedrooms to the mountain views, you will feel right at home here. Call today for your personal tour.

See the photos & find out more here.

Listed: April 2018


Pemberton Market Update: April 2018

Date Posted: April 19, 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


2017 Whistler Real Estate Company Awards

Date Posted: February 6, 2018

I am so honoured and thankful to have received several performance awards for 2017. I would like to take this time to extend my most heartfelt gratitude to everyone who has helped me achieve such great success.

2017 was a busy year for me professionally and for my family personally, and it is due to the support of my clients, family, friends and co-workers that I have been honoured with these awards.

The Whistler Real Estate Company Peak Performers Award

Every January, The Whistler Real Estate Company acknowledges the achievements and performance of its top agents. The company grants 4 award levels (Diamond, Platinum, Gold, and Silver) that are determined based on an agent’s total dollar volume of sales and/or the total number of sales for the previous year. For 2017, I was granted a Platinum level award – the second highest available.

My previous awards include: Silver (2011), Gold (2013), Platinum (2014 & 2016)

The MLS Medallion Club Awards

Every year, the Greater Vancouver Real Estate Board recognizes the top 10% of its member agents based on their combined number of listings, sales, and dollar volume. For the 4th year in a row, I am so proud to be a Medallion Club Award winner.

 

Thank you so much to everyone for your ongoing support and encouragement. I look forward to assisting you with all of your real estate needs in 2018 and beyond!

Amber


Pemberton Market Update: January 2018

Date Posted: January 20, 2018

2017 Year In Review

Throughout 2017, Pemberton continued to attract first-time home buyers, recreational enthusiasts, investors, and those looking for price points no longer available in Whistler. Increased awareness, good values compared to other Sea to Sky markets, affordability, and a relaxed lifestyle continue to be the main attractants for purchasers in Pemberton.

As a result of increasing demand combined with low numbers of available listings resulted in an overall 8% increase in average transaction value and significant price appreciation in almost all market segments.

In Pemberton, the more affordable properties (condos and towhomes) continues to draw the highest levels of interest as these properties appeal to young families and first-time buyers, and are rarely available in Whistler and Squamish right now.

Breaking down the numbers by market segment:

  • Single-Family Homes: Average price increased by 27.5% to $816,907.
  • Townhouses: Average price increased by 21% to $478,987
  • Condos: Average price increased by 32% to $334,911

It is important to note that for the first time, 2017 saw a number of individual transactions exceeding $1 Million for a single-family home. Acreage properties, continue to be of interest to to high net worth individuals, a new generation of agricultural enthusiasts, and families capitalizing on the real estate markets in Vancouver and Whistler although the number of sales remains too small to draw reliable statistical information.

New Developments

With new subdivisions at Sunstone selling our, and most of the remaining lots at the Benchlands now sold, the new residential developments in Pemberton attracted strong buyer interest throughout 2017. Given the strong sales activity for these single-family building lots, we can expect 2018 to be a busy year for builders in Pemberton.

2017 also brought increased commercial investment to the community. The Pemberton Industrial Park is now a hive of activity and construction and there are several new rental buildings getting ready for occupants.

In 2018, we expect to see a number of announcements for new projects as Sunstone and the start of construction at Crestline.

2018: What We Expect

As is the case in Whistler and Squamish, the number of properties available for purchase is at historically low levels while buyer interest remains high. Therefore, we expect that 2018 will continue to support upward pressure of prices.

New mortgage / financing rules, interest rate changes, and the outcome of future housing development in Whistler may all impact the market, but, until these issues have become more defined, the future looks bright for Pemberton.

The Pemberton real estate market truly is a micro market so individual sales and valuations may vary widely from the ‘norm’ so it is important to evaluate each property  individually. If you are interested in selling and wondering what your property might be worth, or if you are looking to buy and wondering how the market will impact you, contact me and I would be happy to discuss the current market situation with you.


Next Page »