Blewett, 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 Blewett, British Columbia, is currently experiencing steady growth. The median house price in the area is pegged at $500,000, which indicates a year-over-year increase of 3.5%. This growth rate suggests a healthy demand for single-family homes and reflects the overall stability of the housing market in this region.
Apartments in Blewett are also seeing an appreciation in value, with the median price standing at $300,000 and a year-over-year trend showing a 2.1% increase. The slower growth rate in apartment prices compared to houses may be indicative of market segmentation, with potential buyers possibly favoring more spacious living options.
Investment Opportunities and Potential
Blewett’s real estate market offers promising investment opportunities, particularly in the housing sector. Given the consistent rise in property values and an impressive 7.1% population growth, demand for housing is likely to remain strong. Investors can expect capital appreciation over time as well as potential rental income from properties purchased in this region.
The current trend suggests that investments in single-family homes could yield higher returns due to their stronger price growth. However, apartments could also be a strategic investment due to their lower entry price point and appeal to individuals or smaller households.
Future Market Outlook
The future outlook for Blewett’s real estate market appears optimistic. The robust population growth rate of 7.1% will likely continue to drive housing demand upward. As more people move to the area seeking employment opportunities, lifestyle changes, or retirement options, both the rental and buyer markets should benefit from increased activity.
If current trends persist, investors could expect to see ongoing appreciation in property values across both houses and apartments. However, it’s essential for investors to monitor economic indicators closely and consider potential impacts on interest rates and lending conditions that could affect buyer affordability and influence the real estate market trajectory.
