Pemberton Real Estate Stats: First Quarter 2023
I am excited to share the latest Pemberton real estate stats for the first quarter of 2023.
Similar to Whistler, Pemberton experienced a slow January in terms of real estate sales but the markets gained momentum through February and March as the Bank of Canada signalled a potential end to interest rate increases. The return of some certainty in terms of rates resulted in an increase in market activity, including a few multiple-offer situations.
A Closer Look at the Pemberton Real Estate Stats
Through the first quarter of 2023, Pemberton saw 23 sales with over 50% of those sales taking place in March. Meanwhile, inventory levels remained relatively constant throughout the quarter with an average of 51 units available.
The median sales price of both single-family homes and townhouses saw quarter-over-quarter increases, while days on the market decreased for both categories.
As we move into the second quarter of 2023 and beyond, we anticipate a positive trend in the Pemberton real estate market with more inventory coming onto the market and increasing economic certainty giving buyers more confidence.
There is also an exciting new development coming to Pemberton – Tenquille Living. This 10-unit condo project offers a simplified mountain-living experience with the convenience of being within walking distance of downtown Pemberton. Construction is slated to begin this year and you can register your interest in the project to stay up-to-date or contact me to chat about the opportunity.
For more information about how the current Pemberton real estate market activity trends may impact your decisions to buy or sell, contact me at any time.
Watch the full Pemberton real estate market recap video report
Find out about the Whistler real estate market here.
*All stats deemed to be accurate and taken from the Whistler Listing System, April 2023.