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 real estate market in Brookmere, British Columbia is currently exhibiting healthy growth. The median house price stands at $500,000, showing a year-over-year increase of 3.5%. This indicates a steadily appreciating market that has been attracting homeowners due to its affordability compared to larger urban centers. The apartment sector is also on an upward trajectory with the median apartment price at $300,000, which has risen by 2.1% from the previous year. This modest growth suggests a stable demand for more compact living spaces, potentially driven by first-time homebuyers or investors looking for rental properties.
Investment Opportunities and Potential
The investment potential in Brookmere appears promising, particularly for those interested in long-term capital gains. With the population having grown by 7.1%, there is an increasing demand for housing. Investors may find attractive opportunities in both the single-family home market and the apartment sector. Single-family homes could be a draw for new residents looking for more space, possibly due to remote work trends or seeking a more balanced lifestyle outside of larger cities. Apartments might appeal as rental investments given the consistent rise in prices, hinting at sustainable rental income streams.
Future Market Outlook
Looking ahead, Brookmere’s real estate market is poised for continued growth. The steady rise in population, now at 15,000, coupled with ongoing price increases, suggests that demand will remain robust. If current trends persist, investors can expect both housing and apartment markets to maintain their upward momentum. However, it’s important to consider external economic factors such as interest rates and employment levels which can influence purchasing power and housing demands. Overall, careful monitoring of market conditions will be vital for anyone looking to capitalize on Brookmere’s real estate potential.
