Barrowtown, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $365,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| 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 Barrowtown, British Columbia, the real estate market is currently experiencing steady growth. The median house price stands at $525,000, reflecting a year-over-year increase of 4%. This indicates a stable upward trend in property values for single-family homes. Similarly, the apartment sector has shown positive movement with the median price at $315,000, which has risen by 2.5% compared to the previous year. These figures suggest that both segments of the housing market are expanding consistently, albeit at a moderate pace.
The population of Barrowtown has reached 15,200 residents and is growing at a rate of 1.3% per annum. This gradual increase in population is likely contributing to the sustained demand for housing in the area. The growth rate also points to a healthy local economy that could be attracting new residents and investment into Barrowtown.
Investment Opportunities and Potential
The current trends in Barrowtown’s real estate market present several opportunities for investors. The steady increase in property values across both houses and apartments offers potential for capital gains over time. Moreover, the consistent population growth ensures ongoing demand for rental properties, making it an attractive market for buy-to-let investors.
With median prices still accessible compared to larger urban centers, Barrowtown represents an entry point for both first-time homebuyers and small-scale investors looking to diversify their portfolios with real estate holdings. Given the town’s growth trajectory and economic stability, there is potential for rental income stability and long-term asset appreciation.
Future Market Outlook
Looking ahead, Barrowtown’s real estate market is poised for continued growth. If current trends persist, property prices are expected to maintain their upward trajectory in line with historical patterns. The ongoing population growth should further bolster housing demand, potentially leading to tighter supply conditions and upward pressure on prices.
Investors seeking long-term growth may find Barrowtown’s market particularly appealing due to its relatively affordable entry point and promising economic indicators. However, as with any investment, it is essential to monitor local and national economic factors that could influence future market conditions.
Careful consideration of infrastructure developments, employment rates, and interest rate changes will be crucial in anticipating shifts in the Barrowtown real estate landscape. Staying informed on these fronts will enable investors to make educated decisions and capitalize on Barrowtown’s real estate potential.
