Blaeberry, 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 Blaeberry, British Columbia is currently experiencing a period of steady growth. The median house price in the area stands at $500,000, which represents a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes, likely driven by the region’s appealing natural surroundings and quality of life.
The market for apartments is also growing, albeit at a slightly slower pace. The median apartment price is now $300,000, with an annual growth rate of 2.1%. This difference in growth rates between houses and apartments may suggest that families and long-term residents are driving the Blaeberry market more than short-term residents or investors.
With a population of 15,000 and a substantial population growth rate of 7.1%, Blaeberry is attracting new residents at a notable pace. This influx is likely to continue supporting both rental and purchase markets as newcomers seek housing.
Investment Opportunities and Potential
The consistent growth in property values coupled with significant population increases points to promising investment opportunities in Blaeberry. Investors looking to capitalize on the single-family home market might find the 3.5% growth rate particularly attractive, especially as demand does not show signs of waning.
The somewhat lower growth rate seen in the apartment sector still presents potential for those interested in appealing to renters, including young professionals or smaller households. Given the town’s population boom, demand for rental properties could increase as new residents look for flexible living arrangements before committing to home ownership.
Developers and investors might also explore opportunities related to this population expansion, such as building new residential communities or commercial developments designed to serve the growing number of residents.
Future Market Outlook
The future market outlook for Blaeberry appears positive. The consistent upward trend in property prices suggests confidence in the local real estate market and its economic foundations. Assuming that current trends persist—such as the area’s attractiveness to both retirees and remote workers—Blaeberry’s real estate market should remain robust.
The high population growth rate bodes well for ongoing demand. However, investors and stakeholders should monitor local developments that could influence future trends, such as changes in employment rates, infrastructure projects, or shifts in regional economic policies.
In conclusion, Blaeberry presents a favorable environment for real estate investment with strong potential for continued growth based on current market data. As always, potential investors should conduct comprehensive due diligence and consider local nuances when making investment decisions.
