Beaverdell, 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 Beaverdell, British Columbia
As of the latest market data, Beaverdell’s real estate landscape presents a stable environment with moderate growth. The median house price in the area is currently pegged at $500,000, which indicates a year-over-year increase of 3.5%. This growth rate suggests a healthy demand for single-family homes, likely driven by both local buyers and external interest perhaps owing to lifestyle or investment considerations.
In contrast, the apartment sector exhibits a softer growth pattern with the median apartment price standing at $300,000 and experiencing a smaller year-over-year increase of 2.1%. This difference in growth rates between houses and apartments may point towards a market preference for more spacious living accommodations or could reflect a saturation in the apartment market segment.
Beaverdell’s population has seen significant growth recently, with an increase of 7.1%, bringing the total population to 15,000. This demographic expansion is an essential indicator of vibrant local economic conditions and could be contributing to the sustained demand for housing in the region.
Investment Opportunities and Potential in Beaverdell
The steady increase in housing prices in Beaverdell offers promising opportunities for real estate investors. Single-family homes have shown a robust appreciation trend, and this segment appears poised for continued growth given the current trajectory. For those looking at long-term investment horizons, purchasing residential properties could yield substantial returns as market fundamentals remain strong.
The apartment market, while growing at a slower pace, still represents potential for investors seeking more affordable entry points into the property market or diversifying their portfolios. Rental demand is likely to be fueled by population growth and may provide consistent rental income streams alongside modest capital appreciation over time.
Future Market Outlook for Beaverdell Real Estate
The future outlook for Beaverdell’s real estate market remains optimistic based on current trends. The consistent rise in median house prices aligns with broader national trends where suburban and rural areas are gaining popularity due to changing work patterns and lifestyle preferences post-pandemic. With its growing population as a driving force behind housing demand, Beaverdell’s real estate market is expected to maintain its upward trajectory.
However, it’s important to note that external economic factors such as interest rates, employment rates, and regional economic policies can significantly influence future market conditions. Investors and potential homeowners should keep abreast of these broader economic indicators when considering real estate transactions in Beaverdell.
In conclusion, Beaverdell presents an appealing mix of stability and growth within its real estate market. With prudent investment strategies and an eye on external economic factors, stakeholders can look forward to favorable outcomes both in the near term and going forward.
