Brookswood, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,250,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.5% |
Apartment
| Median price | $600,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $950,000 |
| 3 bedrooms | $1,250,000 |
| 4 bedrooms | $1,500,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $500,000 |
| 2 bedrooms | $600,000 |
| 3 bedrooms | $700,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The Brookswood real estate market currently presents a robust median house price of $1,250,000, reflecting a steady year-over-year growth of 4.2%. This indicates a healthy demand for single-family homes in the area, likely driven by the region’s attractive living conditions and amenities. The apartment sector shows a median price point of $600,000, with a more moderate growth trend at 2.5% year-over-year. This suggests that while there is interest in multi-family dwellings, it is not as pronounced as the single-family market.
Investment Opportunities and Potential
The investment landscape in Brookswood is promising due to several factors. Given the substantial population growth rate of 3.4%, which outpaces many other regions, there is an inherent potential for increased housing demand. Investors can capitalize on this trend by engaging in both residential development projects and buy-and-hold strategies for rental properties. The consistent appreciation in property values further underscores the long-term potential for capital gains.
Future Market Outlook
The future of the Brookswood real estate market looks optimistic based on current trends and demographic data. With an expanding population base, now standing at approximately 15,000 residents, the community is poised for further growth. This demographic shift suggests sustained demand for housing which, coupled with the region’s limited housing stock, may apply upward pressure on prices over time. Investors should monitor local development plans and zoning changes closely as these will play a crucial role in shaping the future supply and affordability within the market.
