Burton, 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 in Burton, British Columbia
The real estate market in Burton, British Columbia is experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing healthy progression. Similarly, the median apartment price stands at $300,000 with a slower yet consistent year-over-year increase of 2.1%. The robust population growth of 7.1% in the area indicates a burgeoning community that could be driving up demand for housing and sustaining the upward price trends.
Investment Opportunities and Potential in Burton
Burton’s real estate market presents diverse investment opportunities. The steady rise in property values coupled with significant population growth suggests strong potential for both residential and rental property investments. Investors may find long-term capital gains in purchasing single-family homes at the current median price point, given the solid growth trend. Apartments, with a lower entry price point and a 2.1% appreciation rate, represent an accessible investment opportunity with potential for rental income and asset appreciation.
Future Market Outlook for Burton Real Estate
The future outlook for Burton’s real estate market remains optimistic. As population growth continues to outpace many other regions at 7.1%, demand for housing is expected to remain high. The consistent increase in house and apartment prices indicates a stable market with ongoing investment potential. Assuming current economic factors remain favorable, Burton’s property market should maintain its momentum, making it an attractive location for buyers and investors alike.
