Pemberton Real Estate Market Analysis
Comparing our Q1 and Q2 Pemberton market analysis, there has been an 80% increase in sales in Pemberton, which was a function of more inventory, specifically townhouses and condos, coming available throughout the quarter. This inventory increase was also driven by the release of 25 lots at Sunstone, many of which have sold and signalled that the desire to build and live in Pemberton remains strong. The median prices have continued to rise for both single-family and townhouses.
A Closer Look
Looking Ahead For 2022
There is a lot of exciting development slated for Pemberton, but we anticipate the lack of move-in-ready inventory will likely continue to be a challenge for buyers as we expect demand to continue to exceed supply throughout the remainder of 2022.
Despite speculation that further interest rate increases could potentially lead the country into a recession, the unmet demand will sustain the Pemberton Market. It remains unclear if or how the proposed foreign buyer ban may have an impact on Pemberton.
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 report video
Find out about the Whistler real estate market here.
*All stats deemed to be accurate and taken from the Whistler Listing System, July 2022.