Alexandria, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
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
The real estate market in Alexandria, British Columbia, is currently experiencing a steady increase in property values. With a median house price of $525,000 and an ongoing upward trend of 4% year-over-year growth, the market demonstrates resilience and sustained buyer interest. Meanwhile, the median apartment price stands at $320,000, also showing a positive trend with a 2.5% increase year-over-year.
The population of Alexandria has reached 15,500 residents, with a robust growth rate of 3.3%, indicating a burgeoning community that is likely contributing to the demand for housing. This population growth may be attributed to Alexandria’s attractive lifestyle options, employment opportunities, or other local factors that are drawing new residents to the area.
Investment Opportunities and Potential
Investors should consider Alexandria’s real estate market given the consistent appreciation in property values and the significant population growth. The steady increase in median house prices suggests that single-family homes represent a solid investment opportunity with the potential for capital gains over time. Apartments offer a more accessible entry point for investors at $320,000 and have shown slightly lower but consistent growth.
As the population continues to expand, rental demand is expected to rise accordingly, which could lead to higher rental yields for investors. Additionally, new infrastructure or commercial developments could further enhance property values and investment potential in this region.
Future Market Outlook
The future outlook for Alexandria’s real estate market remains optimistic. The ongoing population growth at a rate of 3.3% is likely to sustain demand for housing in both the purchase and rental markets. If current trends continue, we can expect further incremental increases in property values across both houses and apartments.
Investors should remain aware of local economic conditions, interest rates, and national housing policies that could impact the market dynamics. However, if Alexandria maintains its current trajectory of growth and development, the real estate market should remain favorable for both short-term and long-term investment strategies.
