Boothroyd, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $630,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $460,000 |
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 Boothroyd, British Columbia, is currently experiencing a phase of moderate growth. The median house price stands at $495,000, with a year-over-year increase of 3.8%. This signals a steady demand for housing in the area, with prices reflecting a competitive yet stable market.
In contrast, the median apartment price is $295,000, having risen by 2.5% from the previous year. This more modest growth rate in the apartment sector suggests affordability remains a key consideration for many buyers and investors in Boothroyd.
The population has reached 15,500 residents, with an annual growth rate of 3.3%. A growing population often contributes to increased demand for housing, which can support real estate prices and drive further development in the region.
Investment Opportunities and Potential
With its balanced growth and reasonable property prices, Boothroyd presents several attractive investment opportunities. Houses are appreciating at a higher rate compared to apartments, indicating that single-family homes could be a valuable long-term investment. Additionally, with population figures on the rise, rental properties have potential due to an expanding base of potential tenants.
Investors should consider both the current yield on rental properties and the potential for capital gains. Given the stable price trends observed in both sectors of the market, there’s room for cautious optimism about investing in Boothroyd’s real estate market.
Future Market Outlook
The future market outlook for Boothroyd appears positive. The consistent growth in property values suggests that there is ongoing confidence and investment in the area. Assuming that economic conditions remain favorable and that the local economy continues to attract new residents, both housing prices and rental demand are likely to maintain an upward trajectory.
The 3.3% population growth indicates an expanding local market which could lead to greater infrastructure development and improved amenities. These enhancements typically bolster property values further over time.
In conclusion, while no market is without risk, Boothroyd’s real estate shows signs of being a sound investment opportunity with potential for steady growth in both property value appreciation and rental income streams.
