Pemberton Real Estate Year-End Market Recap
As was the case with Whistler, the Pemberton real estate market also experienced a shift over the course of 2022. Here is my 2022 year-end market recap for Pemberton:
In Pemberton, there was a total of 93 sales in 2022. This was the slowest year for sales since 2013. This slowing was was likely the result of a combination of the lack of move-in ready inventory available for sale and the rapid increases in interest rates which, in turn, decreased the purchasing power of buyers.
The median sales price of a Pemberton property was $829,000 in 2022. This was up from $757,000 in 2021 and a substantial increase from $508,000 in 2020.
In terms of listing inventory, the number of units available for sale in 2022 was about 50% below the 10-year inventory average for the community.
As a reminder, Pemberton is exempt from Canada’s foreign buyer ban and it is still open to international investment which we believe may drive some market activity for non-Canadians who are looking to purchase property in the Sea to Sky corridor.
A Closer Look
Looking Ahead to 2023
As we look to 2023, there are some new and exciting development opportunities on the horizon for Pemberton, both this year and into the future.
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 year-end 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, January 2023.