Clearwater, 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 | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 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) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Clearwater, British Columbia is currently experiencing a period of steady growth. With a median house price of $525,000, the market has seen a year-over-year increase of 4%, showcasing a healthy and expanding market environment. Similarly, the median apartment price stands at $315,000, which has risen by 2.5% over the past year. This growth is indicative of a robust demand for housing in the area.
The population of Clearwater has reached 15,500 residents and is continuing to grow at a rate of 3.3%. This influx of new residents is likely contributing to the consistent demand for housing and can be seen as a positive sign for potential investors looking for markets with increasing consumer bases.
Investment Opportunities and Potential
Investment opportunities in Clearwater are promising due to its growing population and stable price appreciation. The consistent rise in property values suggests that investments in both houses and apartments could yield profitable returns over time. With house prices appreciating at a faster rate than apartments, single-family homes may present a particularly appealing opportunity for medium to long-term investment strategies.
Additionally, the positive population growth trend bodes well for rental properties as more individuals moving to the area may initially seek renting options before purchasing homes. Investors interested in the buy-to-let market could potentially capitalize on this trend by investing in apartment units or smaller homes suitable for rental purposes.
Future Market Outlook
The future market outlook for Clearwater appears optimistic based on current trends. The steady rise in median house and apartment prices indicates that property values are expected to continue their upward trajectory. Coupled with the growing population, this suggests an ongoing demand for both ownership and rental properties.
It’s important for investors to monitor factors that could influence the market such as economic conditions, interest rates, and local development projects. However, if current trends persist, Clearwater’s real estate market could remain an attractive destination for both homebuyers and investors seeking stability and growth potential.
