Aldergrove, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $522,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $522,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Aldergrove
As of the latest market data, Aldergrove, British Columbia, exhibits a stable real estate environment. The median house price in the area stands at $522,000 with a year-over-year increase of 2.9%. This growth rate suggests a steady demand for housing, reflective of both local confidence and a robust regional economy. Similarly, the apartment sector has seen a 1.9% rise over the past year, bringing the median apartment price to $315,000.
The population of Aldergrove has reached approximately 15,500 residents and continues to grow at a pace of 3.3% annually. This consistent population increase is indicative of Aldergrove’s attractiveness as a residential area and hints at sustained demand for housing.
Investment Opportunities and Potential in Aldergrove
The current market conditions in Aldergrove present several promising opportunities for investors. Given the steady growth in housing prices, investment in residential properties offers potential for capital appreciation. The moderate yet consistent price increases suggest that the market is not experiencing overheated growth, which can be beneficial for long-term investment strategies.
Aldergrove’s population growth also signals potential rental market opportunities. Investors can leverage this by acquiring properties to cater to the increasing number of residents seeking rental accommodations. The rising demand could lead to healthy occupancy rates and stable rental income streams.
Future Market Outlook for Aldergrove Real Estate
Looking ahead, the future market outlook for Aldergrove remains optimistic. With continued population growth and economic stability within British Columbia, there is an expectation that real estate demand will remain robust. Furthermore, as the Greater Vancouver area expands and more people look towards suburban communities like Aldergrove for affordable housing options, we can anticipate ongoing interest from both homebuyers and investors alike.
The gentle upward trend in property values indicates that while there may not be explosive growth in the short term, investors can expect sustainable appreciation over time. Additionally, infrastructure developments and community enhancements typically associated with growing towns could further bolster property values and enhance the quality of life for residents.
In conclusion, Aldergrove’s real estate market presents an attractive balance of stability and growth potential for savvy investors and homebuyers. The key will be to monitor ongoing trends closely and act swiftly on emerging opportunities within this dynamic market landscape.
