Buckhorn, 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
As of the latest data available, Buckhorn, British Columbia is exhibiting stable growth within its real estate market. The median house price currently stands at $500,000, which represents a healthy year-over-year increase of 3.5%. This steady rise in home values suggests a robust demand for housing in the area, likely tied to the town’s growing population and its appealing lifestyle offerings.
In comparison, the median apartment price is noted at $300,000, with a more moderate appreciation of 2.1% year-over-year. This difference in growth rate between houses and apartments may indicate a more significant demand for single-family homes, but also points towards a sustained interest in more affordable, multi-unit residential options.
The local population has reached approximately 15,000 residents, experiencing a significant growth rate of 7.1%. This demographic trend is likely fueling housing demands and shaping the market accordingly.
Investment Opportunities and Potential
Buckhorn’s real estate market presents various investment opportunities that cater to different investor profiles. Given the current median prices for both houses and apartments, coupled with consistent growth trends, investors might expect continued capital appreciation in the upcoming years.
The robust population growth signals a potential for rental market expansion as well. Investors could find value in purchasing properties to cater to new residents looking for temporary or long-term rental accommodation. Given the lower price point and steady appreciation trend of apartments, they may represent an attractive entry point for first-time investors or those looking for lower-risk opportunities.
Moreover, as demand for housing increases with population growth, there might be opportunities in real estate development projects aimed at expanding the local housing inventory to meet future needs.
Future Market Outlook
The future outlook for Buckhorn’s real estate market remains optimistic. Continued population growth is expected to maintain or even increase demand for housing within the region. Assuming economic conditions remain favorable and infrastructure development keeps pace with demographic trends, we can anticipate sustained property value growth.
The current trends suggest that investment in Buckhorn’s real estate is potentially a sound strategy for both short-term gains through property flips and long-term holds for appreciation and rental income. However, as with any investment decision, it is essential to monitor market dynamics regularly as factors such as interest rates, economic policies, and regional developments can influence market performance over time.
