Blaeberry, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| 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 consistent growth pattern. The median house price sits at $525,000, with a year-over-year increase of 4.2%. This steady rise reflects a healthy demand in the housing sector. Similarly, the apartment sector is also showing positive growth, albeit at a slower pace, with the median price for apartments now at $310,000 and an annual appreciation rate of 2.5%.
The population of Blaeberry is on an upward trajectory as well, having reached 15,500 residents with a growth rate of 3.3%. This demographic expansion contributes to the sustained demand for housing and helps fuel the real estate market’s vitality.
Investment Opportunities and Potential
Given the current market trends and population growth, Blaeberry presents attractive investment opportunities. The consistent appreciation in property values indicates a robust market where investments can capitalize on both short-term gains through rental income and long-term equity growth.
Investors might particularly be interested in single-family homes due to their higher appreciation rate compared to apartments. However, apartments should not be overlooked as they offer more accessible entry points into the real estate market and appeal to individuals or small families looking for affordable housing options.
Additionally, with the increase in population size and the resultant demand for local amenities and services, there may also be potential for commercial real estate investments that cater to the growing community.
Future Market Outlook
The future outlook of Blaeberry’s real estate market appears promising. The sustained population growth suggests that demand for housing will continue to rise. If economic conditions remain favorable and interest rates stable, we can expect the market to maintain its current trajectory of moderate but steady growth.
However, investors should remain vigilant for any signs of market saturation or economic shifts that could affect consumer purchasing power. As long as such factors remain favorable, Blaeberry’s real estate market should continue to offer rewarding investment opportunities with optimistic long-term prospects.
