Beaton, 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 in Beaton, British Columbia
The real estate market in Beaton, British Columbia, is currently characterized by steady growth. With a median house price of $500,000, reflecting a year-over-year increase of 3.5%, the market shows a healthy upward trend. Similarly, the median apartment price stands at $300,000, with a more modest year-over-year growth of 2.1%. These figures suggest a stable and growing demand for housing in the area.
Beaton’s population has experienced significant growth at a rate of 7.1%, indicating an increasing number of residents seeking accommodation. This demographic shift likely contributes to the sustained demand and value appreciation seen in both houses and apartments. As newcomers continue to settle in the region, one can expect ongoing activity and competition in the local real estate market.
Investment Opportunities and Potential in Beaton
The consistent rise in property values coupled with robust population growth signals promising investment opportunities in Beaton. For investors aiming to enter the housing market, the current trends offer a relatively stable investment with potential for capital gains due to the positive price trajectories observed.
Investing in apartments could be particularly attractive given their lower entry price point at $300,000 and steady appreciation rate. Rental properties may also present lucrative returns as the increasing population creates higher demand for rental units.
The data suggests that early investment could yield significant benefits as long-term trends continue to favor market growth. Furthermore, investors should consider the potential developments in infrastructure and services that often accompany population increases, which may further enhance property values over time.
Future Market Outlook for Beaton Real Estate
The future market outlook for Beaton’s real estate remains optimistic given current trends and demographic data. With a notable population growth rate of 7.1%, it is reasonable to project continued demand for both residential purchases and rentals.
If current economic conditions persist, we can expect house prices to maintain their upward trajectory, potentially at or above the current 3.5% annual increase. Apartment prices should also follow suit, maintaining or exceeding their 2.1% annual growth trend.
In conclusion, Beaton’s real estate market appears poised for sustained growth with strong investment opportunities on the horizon. Prospective buyers and investors are encouraged to monitor local developments closely as these could further influence market dynamics and enhance property value appreciation over time.
