Bamberton, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the latest data available, Bamberton, British Columbia is experiencing a steady growth in its real estate market. The median house price in the area is currently at $500,000, which indicates a year-over-year increase of 3.5%. This suggests a healthy demand for detached homes, likely driven by both local buyers and external investors seeking property in this region.
In the apartment sector, the median price stands at $300,000, with a slower yet consistent year-over-year appreciation of 2.1%. This trend reflects a sustained interest in more affordable housing options or investment properties that cater to single professionals, small families, or downsizers.
The population in Bamberton has reached approximately 15,000 residents, demonstrating a robust growth rate of 7.1%. This significant population increase is a key indicator of the town’s economic vitality and attractiveness as a residential destination, which directly impacts housing demand.
Investment Opportunities and Potential
The current market conditions in Bamberton offer promising investment opportunities. The positive trajectory of house prices coupled with substantial population growth presents potential for capital gains over the medium to long term. Investors should consider both the detached housing and apartment markets for their portfolios due to varying price points and demographic appeal.
With population numbers on the rise, rental demand is also expected to grow, which may lead to an increase in rental yields over time. Investors may find value in purchasing rental properties or engaging in development projects aimed at meeting the growing housing need.
Future Market Outlook
The future market outlook for Bamberton’s real estate remains optimistic. Given the strong underlying fundamentals such as consistent population growth and steady price appreciation trends, it is expected that the market will maintain its upward trajectory. Moreover, if current economic conditions persist and interest rates remain favourable, Bamberton’s real estate market could experience sustained demand.
However, prospective buyers and investors must remain vigilant of broader economic factors that could affect the real estate market including changes in mortgage regulations, property taxation policies, and any shifts in provincial or national economic performance that might influence consumer confidence and purchasing power.
