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
The real estate market in Beaton, British Columbia, reflects a steadily growing trend with moderate annual price increases. The current median house price stands at $500,000, indicating a year-over-year growth of 3.5%. This growth rate suggests a healthy demand for single-family homes and is indicative of buyers’ confidence in the market.
Apartments in Beaton are also experiencing an upward trend, though at a slightly slower pace. The median apartment price is currently $300,000, with a year-over-year increase of 2.1%. This data points to a consistent but more modest appreciation in the value of apartments, which may be appealing to a different segment of the market, such as first-time homebuyers or investors looking for smaller properties.
The population of Beaton has grown to 15,000, with a significant population growth rate of 7.1%. Such demographic expansion has likely contributed to the demand for housing and may continue to do so in the near future.
Investment Opportunities and Potential
The consistent growth in property values coupled with substantial population increases present promising investment opportunities within Beaton’s real estate market. Single-family homes appear particularly attractive given their higher appreciation rate compared to apartments.
In addition to capital gains potential, rental properties in Beaton may offer steady income streams for investors. With the ongoing population growth, demand for rental housing could rise, potentially leading to higher rental yields and lower vacancy rates.
The difference in appreciation rates between houses and apartments could also indicate an opening for investors to enter the market at more accessible price points through apartment investments while still benefiting from asset appreciation over time.
Future Market Outlook
The future outlook for Beaton’s real estate market is cautiously optimistic. Assuming current economic conditions persist, we can expect continued growth in property values driven by both local population expansion and broader provincial economic trends.
However, investors should monitor potential shifts in interest rates or regional employment conditions that might impact buyer affordability and consequently affect market dynamics. Overall, given Beaton’s strong foundation — reflected by its steady population growth and rising property values — the real estate market here is poised for sustained health over the medium to long term.
