Bamfield, 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
The real estate market in Bamfield, British Columbia is currently experiencing steady growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market is showing signs of moderate yet consistent strength. Similarly, the apartment sector sees a median price of $300,000 with a slower growth rate of 2.1% annually. These trends indicate a stable market with sustained demand for both houses and apartments.
Further underpinning this stability is Bamfield’s population growth rate of 7.1%. This demographic trend suggests that demand for housing will continue to rise as more people are drawn to the area, whether for its natural beauty, lifestyle or economic opportunities.
Investment Opportunities and Potential
Bamfield’s real estate market offers attractive investment opportunities given its steady price appreciation and demographic growth. Investors looking to buy into the housing market can expect gradual but reliable capital gains based on the current house price trend. The apartment sector also presents potential for rental income growth alongside capital appreciation due to the positive pricing trajectory, albeit at a modest pace.
Given the ongoing population increase and the consequent rising demand for housing, investors could benefit from both short-term rental strategies as well as long-term property holdings. Additionally, Bamfield’s growing popularity as a lifestyle destination may provide unique opportunities in vacation rental investments or developments catering to new residents.
Future Market Outlook
Looking ahead, Bamfield’s real estate market appears poised for continued growth. The combination of solid year-over-year price increases and significant population growth indicates that both demand and property values are likely to maintain an upward trend. As such, the future market outlook remains optimistic.
However, it’s important for investors to consider broader economic factors such as interest rates, employment levels in the region, and potential policy changes affecting real estate markets. Monitoring these variables will be crucial in making informed investment decisions in Bamfield’s dynamic real estate landscape.
