Chetwynd, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| 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 is currently witnessing a moderate growth in housing prices. The median house price stands at $495,000, reflecting a year-over-year increase of 3.4%. This suggests a stable market condition with mild appreciation in property values. Similarly, the median apartment price is $295,000, which has seen a slightly lower year-over-year growth rate of 2.3%. This consistent yet modest uptrend indicates that the market is attracting buyers and investors who are interested in both residential homes and smaller investment properties like apartments.
Investment Opportunities and Potential
With Chetwynd’s population growing at a rate of 4.8%, there is potential for increased demand for housing. The steady population influx can be attributed to various factors such as employment opportunities and the appeal of the region’s quality of life, which might result in heightened demand for real estate. Investment in Chetwynd’s real estate could yield positive returns due to the sustained growth patterns in property values. Additionally, with the current trends indicating gradual price increases, investors may find this an opportune time to enter the market before prices potentially escalate further.
Future Market Outlook
The future outlook for Chetwynd’s real estate market appears promising given the town’s population growth and stable economic conditions. As the local economy diversifies and more people migrate to the area for work or lifestyle reasons, demand for residential properties is likely to rise. Assuming there are no significant economic downturns or policy changes that adversely affect the housing market, both median house and apartment prices may continue to experience modest growth. Investors considering Chetwynd should monitor these trends closely as they could signal sustained or even accelerated growth moving forward.
