Barkerville, 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 Barkerville, British Columbia, is experiencing moderate growth. The median house price in the area currently stands at $500,000, with a year-over-year increase of 3.5%. This indicates a steady demand for housing in the region, alongside a sustainable appreciation in property values.
Similarly, the apartment sector shows positive trends with the median apartment price at $300,000 and a smaller yet consistent annual growth rate of 2.1%. Such growth is reflective of a balanced market that benefits both buyers looking for affordable housing options and investors seeking long-term capital gains.
The population of Barkerville has seen a significant increase of 7.1%, now reaching approximately 15,000 residents. This demographic trend suggests an expanding local economy and potentially increased demand for housing.
Investment Opportunities and Potential
Given the steady growth in housing prices and the rise in population, Barkerville presents several attractive investment opportunities. The consistent upward trend in both house and apartment prices implies that investments in residential properties are likely to benefit from continued capital appreciation over the medium to long term.
Investors may find particular potential in the apartment market, where the slightly lower year-over-year price increase may allow for entry at a more accessible price point, coupled with strong rental demand due to population growth. Additionally, new developments catering to this demographic expansion could yield substantial returns as the community continues to grow.
Diversification into commercial real estate could also be advantageous given the population increase; this would cater to the growing need for services and amenities.
Future Market Outlook
The future outlook for Barkerville’s real estate market appears promising. With population figures on the rise, it is reasonable to anticipate ongoing demand for residential properties. If current trends hold, both housing and apartment markets are expected to maintain their gradual appreciation rates.
Economic factors such as employment rates, infrastructure development, and interest rates will play significant roles in shaping the future market conditions. Provided these indicators remain favorable, Barkerville’s real estate market could continue its trajectory of stable growth.
Potential investors should monitor local market drivers closely but can be cautiously optimistic about investment prospects in Barkerville’s real estate market based on current data.
