Brackendale, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $450,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $780,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,100,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $450,000 |
| 3 bedrooms | $500,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Brackendale, British Columbia is currently experiencing steady growth. With a median house price of $950,000, the year-over-year increase stands at 2.8%. This suggests a healthy appreciation rate that is attractive for homeowners and investors alike. The market for apartments is also growing, albeit at a slightly slower pace, with the median price at $450,000 and an annual trend increase of 1.5%. The population of Brackendale has reached 15,000 residents, growing at a robust rate of 3.4% per year, indicating an expanding local economy and rising demand for housing.
Investment Opportunities and Potential
Investors considering Brackendale should be encouraged by the area’s stable growth patterns in both housing and population. The steady increase in property values suggests that investments are likely to appreciate over time. Residential properties, particularly houses which show a stronger price appreciation trend, present significant investment opportunities. With population growth outpacing the current housing supply, there is potential for rental properties to yield high occupancy rates and competitive returns on investment.
Future Market Outlook
The future outlook for Brackendale’s real estate market remains optimistic. Given the consistent upward trend in house prices coupled with strong population growth, demand for housing is likely to continue to rise. Factors such as the local economy’s performance, interest rates, and broader national economic trends will play a role in shaping the market trajectory. However, provided these indicators remain favorable, Brackendale’s real estate market could maintain its path of steady growth well into the future.
