Brookmere, 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 Brookmere real estate market currently presents a stable environment with modest but consistent growth. With a median house price of $500,000, the market has seen an increase of 3.5% year-over-year, indicating healthy demand and a strong local economy. Similarly, apartments have also seen a growth in value, albeit at a slightly lower rate of 2.1% year-over-year, with a median price of $300,000.
The population of Brookmere has grown to 15,000 residents, reflecting a significant increase of 7.1%. This robust population growth suggests that the area is an attractive destination for individuals and families looking for residential opportunities, likely driving demand for housing in both purchase and rental markets.
Investment Opportunities and Potential
Investors considering Brookmere will find potential in both the single-family home and apartment sectors. The steady appreciation in property values indicates a reliable market where investments could continue to yield positive returns. The single-family home segment offers more substantial capital gains with a higher year-over-year price increase.
Apartments offer an accessible entry point into the market for investors at the median price point of $300,000. Given the population growth rate and subsequent housing demand, rental properties are likely to experience low vacancy rates and stable rental income streams.
The current trends suggest that there is still room for growth in the real estate market of Brookmere, making it an attractive area for investment, particularly for those looking to capitalize on the long-term appreciation potential.
Future Market Outlook
Looking ahead, the future market outlook for Brookmere remains optimistic. Population growth continues to be a strong indicator of sustained demand for housing. If current trends persist, both house and apartment prices are expected to maintain their upward trajectory, although external economic factors could influence the pace of this growth.
Investors should monitor interest rate changes, employment rates within the region, and any new developments or infrastructure projects that could impact property values. Nonetheless, the combination of ongoing population increases and consistent property value appreciation positions Brookmere as a promising locale for real estate investment both in the short term and into the future.
