Brookswood, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,150,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.5% |
Apartment
| Median price | $450,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $900,000 |
| 3 bedrooms | $1,150,000 |
| 4 bedrooms | $1,350,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $450,000 |
| 3 bedrooms | $500,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,400 |
| Population Change | 3.9% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,200 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Brookswood, British Columbia, is currently experiencing a period of steady appreciation. The median house price in the area stands at $1,150,000, reflecting a year-over-year increase of 4.2%. This indicates a consistent upward trend in property values, suggesting that the market is healthy and resilient to external pressures.
Apart from houses, the apartment sector has also shown growth, albeit at a slightly slower pace. The median apartment price is currently $450,000, with an increase of 2.5% over the previous year. This difference in growth rates between houses and apartments could be indicative of a higher demand for single-family homes in Brookswood.
The population of Brookswood has reached approximately 16,000 residents and has been growing at a robust rate of 3.9%. This influx of new residents is likely contributing to the demand for housing and supporting the overall market growth.
2. Investment Opportunities and Potential
The positive trends in Brookswood’s real estate market present various investment opportunities. Investors should be encouraged by the steady increase in property values. Single-family homes have been particularly strong performers and may offer greater potential for capital gains given the higher annual growth rate compared to apartments.
With a significant population growth rate, demand for rental properties may also be on the rise. Investors looking to enter the rental market or expand their portfolios could find promising prospects in both the apartment sector and single-family homes.
Furthermore, as more people move into Brookswood seeking suburban living experiences away from denser urban centers, new developments and subdivisions can offer long-term investment potential. These factors combined make Brookswood an attractive location for both individual investors and real estate development companies.
3. Future Market Outlook
The future outlook for Brookswood’s real estate market appears positive based on current trends and demographic shifts. Continued population growth is expected to sustain demand for housing across all sectors—especially as more people look for residential locations that balance proximity to urban amenities with the benefits of suburban living.
If current trends hold, property values are likely to continue their upward trajectory, although investors should remain aware of broader economic conditions which can affect interest rates and borrowing costs. Nonetheless, given Brookswood’s strong fundamentals including its desirable location within British Columbia’s Lower Mainland region, its market is poised to remain robust in both the near and medium terms.
In conclusion, careful monitoring of economic indicators paired with an understanding of local development plans will be essential for making informed investment decisions in this dynamic real estate market.
