Beasley, 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 Beasley, British Columbia, has been experiencing steady growth over the past year. With the median house price currently at $500,000, there has been a 3.5% increase year-over-year. This growth rate indicates a healthy and stable market that is slightly outpacing inflation without showing signs of an overheated or rapidly inflating housing bubble.
In the apartment sector, the median price stands at $300,000, with a year-over-year trend of a 2.1% increase. This moderate price appreciation for apartments suggests affordability remains within reach for first-time buyers or investors seeking rental properties. The slower growth rate in this segment may point to a balanced supply and demand dynamic.
Beasley’s population has grown by 7.1%, hinting at potential upward pressure on housing demand. This demographic trend can contribute to a sustained demand for housing across both segments of the market – detached homes and apartments alike.
Investment Opportunities and Potential
The current market conditions offer attractive investment opportunities for both residential properties and rental units in Beasley. Given the steady price appreciation of houses and apartments, long-term investments could yield solid returns as the local economy and population continue to grow.
Investors might consider capitalizing on the lower entry point provided by apartments while still benefiting from the general upward trend in property values. Furthermore, a growing population suggests an increasing demand for rental properties, which bodes well for those looking to invest in income-generating real estate.
The consistent rise in property prices reflects confidence in Beasley’s real estate market but also emphasizes the importance of strategic investment decisions to maximize potential gains while managing risks associated with property ownership.
Future Market Outlook
Looking forward, the future market outlook for Beasley appears promising. The population growth rate of 7.1% is likely to continue fueling housing demand. If this demographic trend persists alongside economic stability and job growth, it may lead to further tightening in the housing market and potentially higher rates of property value appreciation.
An important consideration for future outlook is how local government policies and infrastructure development will respond to growing housing needs. Should Beasley invest in new developments or improved amenities, it could further enhance property values within the region.
Investors and homebuyers should monitor key economic indicators and stay informed on municipal planning decisions that could impact the real estate landscape. Anticipating these factors will be crucial for making informed investment choices in Beasley’s vibrant real estate market.
