Darfield, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Darfield, British Columbia currently exhibits a steady increase in property values, with the median house price sitting at $500,000, demonstrating a year-over-year growth of 3.5%. This increment indicates a resilient market, likely driven by factors such as regional economic development and demand outpacing supply. The median apartment price is also on the rise at $300,000, with a slightly lower year-over-year growth of 2.1%, suggesting that while apartments are appreciating, they are doing so at a more modest pace than houses.
The population of Darfield has reached approximately 15,000 residents, with a robust population growth rate of 7.1%. This demographic expansion is likely fueling housing demand, which in turn contributes to the upward pressure on property prices. The combination of population growth and increasing property values points to a healthy and dynamic market environment.
Investment Opportunities and Potential
The positive trends in Darfield’s real estate market reveal several opportunities for investors. With house prices experiencing consistent growth, investment in residential properties—particularly single-family homes—could yield substantial returns given the ongoing appreciation trend. Apartments present an alternative investment opportunity; although they are appreciating at a slower rate, their lower entry price point may be attractive for investors looking to capitalize on rental income amidst the growing population.
Investors should note that the significant population growth suggests a rising demand for rental properties. This could translate into higher occupancy rates and potential for rental income increases over time. As such, purchasing investment properties with the intention of leasing them could offer long-term financial benefits.
Future Market Outlook
The future outlook for Darfield’s real estate market remains optimistic given current trends and demographic data. Assuming sustained population growth and economic stability in the region, it is reasonable to anticipate continued property value appreciation. The consistent increase in median house and apartment prices suggests that investing in Darfield’s real estate could be promising over the long term.
However, potential investors should remain vigilant regarding local and global economic shifts that may affect interest rates, housing affordability, and overall market health. It is advisable for investors to conduct thorough due diligence and consider diverse strategies to mitigate risks associated with market fluctuations.
