Clearwater, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
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 | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Clearwater, British Columbia, is currently experiencing steady growth. With a median house price of $550,000, which represents a year-over-year increase of 4%, the market is showing signs of healthy demand. Similarly, apartments are becoming increasingly valuable, with a median price of $320,000 and a trend that shows a 2.5% increase year-over-year.
The population of Clearwater stands at 15,200 and has been growing at a rate of 2.7%. This demographic expansion contributes to the upward pressure on property values as demand for housing continues to rise in the area.
2. Investment Opportunities and Potential
Investment opportunities in Clearwater’s real estate market appear promising given the consistent growth in property values. The steady increase in house prices suggests that investments in residential properties could yield solid returns over time. Furthermore, the growth in apartment prices indicates potential for investors looking to enter the rental market or purchase units for resale as the population continues to expand.
With population growth outpacing national averages, there is likely going to be an ongoing need for new housing developments and investment in local infrastructure. Investors may also find opportunities in commercial real estate due to increased economic activities that typically follow population growth.
3. Future Market Outlook
The future market outlook for Clearwater remains positive based on current trends and statistics. The continued population growth indicates sustained demand for housing which should support property value appreciation over the long term. Moreover, as Clearwater attracts new residents, the diversity and resilience of its local economy are likely to improve, further stabilizing the real estate market.
While external factors such as interest rates and broader economic conditions could affect market dynamics, the underlying indicators within Clearwater suggest a robust market with room for growth. Prospective buyers and investors may find this an opportune time to enter the market before prices potentially escalate further due to increasing demand.
