Blakeburn, 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 Blakeburn, British Columbia, currently shows a steady growth pattern. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for housing options within the area, reflecting a stable economic environment and an attractive residential profile. The apartment sector is also showing positive movement with a median price of $300,000 and an annual growth rate of 2.1%. The slower growth rate in the apartment segment compared to houses may indicate a higher demand for single-family homes or a potential saturation in the apartment market.
Investment Opportunities and Potential
With a population of 15,000 and an impressive population growth rate of 7.1%, Blakeburn is evidently an expanding community. This demographic trend presents significant opportunities for both residential and commercial real estate investments. The consistent appreciation in house prices suggests that purchasing property in Blakeburn could yield substantial long-term returns for investors. Additionally, the growing population may lead to increased demand for rental properties, making investment in multi-family units or developing new apartment complexes potentially lucrative strategies.
Future Market Outlook
The future outlook for Blakeburn’s real estate market remains optimistic. Population growth is often a precursor to increased demand for housing and services, indicating that the upward trends observed in property values are likely to continue. Assuming that local economic conditions remain favorable and infrastructure developments keep pace with population expansion, the regional market should maintain its current trajectory of growth. Investors and homeowners alike can be cautiously optimistic about the potential for capital gains and property value appreciation in the coming years.
