As we move further into the year, the real estate market in Pembroke and Petawawa continues to show strong momentum. This update focuses specifically on single-family homes, providing a clear view of detached home activity — not the broader residential market, which would include condominiums, townhomes, and other property types.
Although some regions are seeing a softer pace, here in our communities, a different story is unfolding: homes are selling quickly, often with multiple offers, and frequently over asking price.
In Pembroke, the average sale price climbed to $414,177, marking a 24.9% increase compared to the same time last year. Homes are averaging 41 days on the market, with a sale-to-list price ratio of 99.6%.
This means that, on average, sellers in Pembroke are achieving nearly full asking price — a strong indicator of buyer competition and pricing stability.
Meanwhile, Petawawa maintained strong values with an average price of $515,940, and homes there are moving even faster — averaging just 18.5 days on the market. Petawawa's sale-to-list price ratio sits at 98.4%, reflecting a very healthy market where well-priced homes are attracting serious, motivated buyers.
What's fueling this activity?
In my view, it comes down to three key factors:
Lower interest rates: Easing rates have brought many buyers back into the market with renewed confidence.
Pent-up buyer demand: Many had been patiently waiting and are now ready to make their move.
Low inventory: With fewer homes available, well-presented properties are drawing strong competition.
Unless we see a significant increase in new listings, this brisk pace is expected to continue in the months ahead.
For Buyers: How to Prepare to Compete
In a fast-moving market, preparation is key.
Here are a few tips for buyers looking to put their best foot forward:
Secure mortgage pre-approval: It strengthens your offer and shows sellers you’re serious.
Stay closely connected with your Realtor: Having a knowledgeable guide helps you act quickly and make confident decisions.
Know your budget boundaries: Set a clear maximum to avoid overextending in a multiple-offer situation.
Move quickly, but wisely: When the right home comes along, being ready to act can make all the difference — but never at the expense of good due diligence.
Offer flexibility where possible: Sometimes terms like closing dates or fewer conditions can make your offer stand out.
Stay positive and persistent: In a competitive environment, the right opportunity is worth the patience and perseverance.
For Sellers: Why This Market Works in Your Favor
If you've been thinking about selling, current conditions are truly working in your favor. Here’s why:
Quicker sales: Homes are selling faster, reducing the time and stress of being on the market.
Multiple-offer situations: Competition often drives up sale prices and gives sellers more negotiating power.
Strong sale-to-list price ratios: In both Pembroke and Petawawa, homes are consistently selling near or above asking price.
Low competition: With fewer listings, your home has a greater chance to stand out to motivated buyers.
Serious buyer motivation: Many buyers are ready to act, knowing favorable mortgage rates may not last forever.
Opportunity to maximize your return: With prices still strong, it’s an excellent time to capitalize on your investment.
Ready to Make a Move?
Whether you're thinking about buying, selling, or simply exploring your options, having the right information — and the right guidance — makes all the difference.
Your home, your future — let's get the right information into your hands.
If you have questions about the market, want to know what your home could be worth today, or just want to talk about your next steps, I’m always happy to help — no pressure, ever.
I’m only a call, text, or email away.
Wishing you a wonderful season ahead — filled with fresh opportunities and new beginnings!
Warmly,
Mindy Jones
Insight you need. Service you trust. Results that matter.