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
In Beaverdell, the real estate market is currently experiencing a period of steady growth. The median house price sits at $500,000, with a year-over-year increase of 3.5%. This trend suggests a healthy demand for single-family homes, which could be attributed to the town’s appealing lifestyle and natural surroundings. The apartment sector is also showing positive growth, albeit at a slower pace, with a median price of $300,000 and an annual appreciation rate of 2.1%. This difference in growth rates between houses and apartments may reflect a market preference for more spacious living accommodations or perhaps a limited supply of single-family homes driving up prices.
Investment Opportunities and Potential in Beaverdell
Given the current trends, Beaverdell offers promising investment opportunities, particularly in the housing market. With a population growth of 7.1%, one of the highest in the region, there is potential for increased demand for housing units in the future. Investors looking to enter the market could consider capitalizing on this projected demand by investing in residential properties that cater to families and professionals moving to the area. Furthermore, the consistent growth in apartment prices indicates a stable rental market that might appeal to investors interested in purchasing properties to rent out.
Future Market Outlook for Beaverdell
The future market outlook for Beaverdell remains optimistic based on current data and trends. The significant population increase underlines a likely sustained demand for housing that could contribute to incremental price growth over time. If this demographic trend continues, it could lead to further expansion of services and infrastructure which would enhance the town’s attractiveness as a place to live and invest in real estate. However, potential investors should monitor local economic developments and housing supply levels closely as these factors will play critical roles in shaping Beaverdell’s real estate market trajectory.
