Pemberton Real Estate Market Update: Third Quarter 2025

The third quarter of 2025 brought a noticeable slowdown in sales activity, following a mixed summer season. July posted the highest monthly sales volume of the year so far, followed by a steady August and a quieter September, which recorded the lowest monthly total in 2025 to date.

Overall, 26 properties sold during Q3, coming in slightly ahead of Q2 but down three transactions compared to the same quarter last year.

Market Highlights

Inventory Levels
Current market inventory sits at 82 active listings, or 57 when excluding vacant land — the highest inventory level since September 2024. The increase in available listings is providing buyers with more choice and contributing to a more balanced market environment than earlier in the year.

Priving Trends
Median sale prices softened modestly across all property types during Q3:

  • Single-family homes declined 12% year-over-year.
  • Townhomes dipped 4%.
  • Condos were down 14%.

Despite these adjustments, overall pricing remains within a stable long-term range, suggesting healthy buyer-seller negotiations rather than significant downward pressure.

Luxury Sales
The luxury real estate market continued to see movement this quarter. The top sale reached $2.45 million, marking the fourth property this year to sell above $2 million.

This ongoing interest in higher-value properties highlights continued confidence among well-qualified buyers, even amid broader market moderation.

Buyer Demographics
Buyer origin remains consistent with long-term trends:

  • 82% of purchasers are from nearby communities, including regional buyers.
  • 7% of buyers came from Vancouver.
  • 6% originated from other Canadian provinces or international markets.

Local and regional demand continues to form the backbone of the area’s housing market.

Economic Factors and Interest Rate Impact
In mid-September, the Bank of Canada reduced interest rates for the first time since March — a move that has started to rebuild buyer confidence after months of cautious sentiment.

There is growing speculation that another rate cut could follow before year-end, depending on inflation and broader economic conditions. This potential easing of borrowing costs may help encourage more buyers back into the market in the coming months.

Looking Ahead: Outlook for Q4 and Beyond

As of the end of Q3, sales activity is trailing 2024 levels by approximately 11%. However, this gap is expected to narrow through Q4 as improved affordability and renewed buyer confidence drive late-year activity.

Overall, the 2025 real estate market is on track to finish the year in line with 2024 totals. Market conditions are currently leaning slightly in favor of buyers, with increased inventory, steady pricing, and gradual momentum building toward the year’s end.

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Whether you’re ready to act or just want to understand your options, I’m happy to help. Get in touch anytime to chat about the Pemberton market.

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Find out about the Whistler real estate market here.

*Excluding parking stalls
**All stats deemed to be accurate and taken from the Whistler Listing System, October 2025.