Clinton, 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 | 0.8% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Clinton, British Columbia is currently exhibiting a pattern of steady growth. With a median house price standing at $525,000, the market has seen an appreciation of 4% year-over-year. This indicates a healthy demand for houses in this region, pointing towards a robust local economy and an appealing residential environment.
In contrast, the median apartment price is significantly lower, priced at $320,000, which has experienced a more moderate increase of 2.5% year-over-year. The slower growth rate in this segment could suggest that the demand for apartments is not as strong as that for houses, or it could reflect a different market dynamic such as an increased supply of apartments.
The population of Clinton stands at approximately 15,500 residents, with a notable population growth rate of 3.33%. This demographic expansion can contribute to the sustained demand for housing in both the private home and apartment sectors.
Investment Opportunities and Potential
The positive trends in the Clinton real estate market offer diverse investment opportunities. Investors looking to engage with the housing market can potentially benefit from the continuous rise in median house prices. The 4% annual increase suggests there is ongoing potential for capital gains over the medium to long term. As population growth continues, demand for housing is likely to persist, potentially pushing prices upward.
Apartments present a different investment profile with their lower median price and slightly slower growth rate. However, they may offer more affordable entry points into the real estate market and could be particularly attractive for investors focusing on rental income. Given their lower cost relative to houses, apartments could cater to newcomers or those affected by affordability issues within the broader market.
Future Market Outlook
The future outlook for Clinton’s real estate market appears promising. The consistent population growth suggests an increasing need for housing which may continue to drive property values upward. Assuming that economic conditions remain favorable and factors such as employment rates and household incomes stay steady or improve, both segments of the market—houses and apartments—are likely to benefit from these demographic pressures.
Careful observation of external economic factors will be crucial as they can affect consumer confidence and borrowing costs, impacting overall market activity. Moreover, potential investors should monitor local development plans and zoning changes that could influence property valuations over time.
In summary, Clinton’s real estate market holds potential for investors who are looking for steady growth opportunities provided they remain cognizant of wider economic conditions and maintain a strategy aligned with ongoing demographic trends.
