Chetwynd, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Chetwynd, British Columbia, reflects a stable growth pattern as evidenced by the year-over-year trends. Currently, the median house price stands at $525,000, showing a steady increase of 4% from the previous year. This suggests a healthy demand for single-family homes in the area. Meanwhile, apartments are also experiencing growth but at a slower pace, with median prices at $320,000 and a 2.5% increase year-over-year. The positive trends can be attributed to Chetwynd’s robust community development and its appeal to families and professionals seeking a balance between rural charm and modern amenities.
Investment Opportunities and Potential
For investors looking at Chetwynd’s real estate market, there is promising potential. The town’s population has been growing at a clip of 2.7%, indicating an expanding local economy and potentially increased demand for housing. Investment in residential properties could yield considerable returns as the upward trend in house prices suggests room for capital gains. Additionally, the growing population may drive rental demand higher, making multi-family units or apartment investments particularly attractive for those looking to generate rental income.
Future Market Outlook
The future of Chetwynd’s real estate market appears optimistic. With the population expected to continue its upward trajectory, demand for housing is likely to grow concurrently. Infrastructure improvements and community development projects may further bolster property values and attract new residents looking for opportunities in industries prevalent in the region such as natural resources and renewable energy. While external economic factors can impact market dynamics, current indicators point towards a continuing trend of moderate growth for Chetwynd’s real estate market in both the short and medium-term.
