Belcarra, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,749,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 2.5% |
| Stock on market | 0.5% |
Apartment
| Median price | $850,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.0% |
| Stock on market | 0.6% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,400,000 |
| 3 bedrooms | $1,749,000 |
| 4 bedrooms | $2,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $750,000 |
| 2 bedrooms | $850,000 |
| 3 bedrooms | $1,000,000 |
Demographics
| Current Population (2025) | 1,500 |
| Previous Population (2020) | 1,450 |
| Population Change | 3.4% |
| Total Private Dwellings | 600 |
| Occupied Private Dwellings | 550 |
| Population Density (per km²) | 0.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Belcarra, British Columbia, currently showcases a stable growth pattern. With a median house price of $1,749,000, the market has experienced a modest year-over-year increase of 2.5%. This suggests a steady demand for housing in the area while maintaining affordability relative to some hotter markets in nearby urban centers.
Apartments in Belcarra are also seeing a positive trend with the median price standing at $850,000, growing at a slightly faster rate of 3% year-over-year. This indicates a robust interest in more affordable, smaller-scale residential options or investment properties for those looking to enter the real estate market.
The population of Belcarra is approximately 1,500 residents, with a growth rate of 3.4%. This above-average population growth can contribute to increased housing demand and can be viewed as an encouraging sign for potential real estate investors and stakeholders.
Investment Opportunities and Potential
In light of the steady market trends, Belcarra presents several viable investment opportunities. The consistent growth in house prices reflects underlying market stability which bodes well for long-term property value appreciation. Investors looking to purchase residential properties might find single-family homes particularly attractive given their higher median price point and stable appreciation rate.
With apartments appreciating slightly faster than houses, there is potential for investors to capitalize on the growing demand for more affordable housing units. These properties could serve as excellent rental investments due to their lower entry price points and the increasing population seeking residence within the community.
Future Market Outlook
The future real estate market outlook for Belcarra remains optimistic. Considering the steady year-over-year growth in housing prices alongside healthy population increases, it’s reasonable to predict that the demand for housing will continue to rise. This is likely to result in continued appreciation of property values over time.
The ongoing interest in both houses and apartments suggests that diversification within the market could provide resilience against economic fluctuations. For instance, if there were any downturns affecting the higher-end market segment, the apartment sector might still offer stability due to its affordability and appeal among different demographic groups.
To conclude, careful monitoring of market trends and demographic shifts will be crucial for investors looking to maximize returns on their real estate investments in Belcarra. With strategic planning and consideration of long-term trends, there is significant potential for sustainable growth in this local property market.
