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 | $400,000 |
| 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 presents a stable growth environment. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is experiencing a healthy, moderate appreciation in value. The median apartment price stands at $300,000, having risen by 2.1% over the past year. This growth is slightly lower than that of houses in the area but still indicates positive momentum.
The population of Darfield has been on the rise with a significant growth rate of 7.1%, which is likely contributing to the demand for housing and helping sustain property value increases. As more people are drawn to the area, whether for employment opportunities or its lifestyle offerings, this trend may continue to bolster the real estate market.
Investment Opportunities and Potential
Given the steady increase in property values and population growth, Darfield offers promising investment opportunities. Investors looking to enter the market would find potential in both single-family homes and apartment units due to consistent appreciation trends. Rental properties may also be an attractive option since an influx of new residents could drive demand for rental housing.
The current median prices suggest that entry into the market is accessible when compared to larger metropolitan areas, potentially offering a more attractive cost-to-rental-income ratio for investors. Moreover, as Darfield’s population continues to grow, future development projects could arise—presenting opportunities for investors interested in new construction or redevelopment ventures.
Future Market Outlook
As analysts forecast trends based on current data, Darfield’s real estate market appears poised for continued growth. The consistent rise in property values coupled with strong population growth suggests that both demand and investment potential will remain robust.
If the current economic conditions persist and population trends follow their current trajectory, it is reasonable to expect that the real estate market in Darfield will maintain its upward trend. However, prospective investors should monitor local economic developments, interest rates, and housing supply factors which can all impact future market performance.
This optimistic outlook should be tempered with caution due to external factors such as changes in provincial or federal regulations that might affect real estate markets broadly. Nonetheless, Darfield’s market fundamentals present compelling reasons for considering real estate investments in this region.
