Deerholme, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| 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 | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| 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 Deerholme, British Columbia, is currently experiencing a steady growth pattern. The median house price stands at $525,000, with a year-over-year increase of 4%. This indicates a healthy and appreciating housing market which may be attributed to the positive economic activities in the area and an influx of buyers seeking residential properties.
Similarly, the apartment sector is showing a positive trajectory. The median apartment price is currently $310,000, with a slower yet consistent year-over-year growth of 2.5%. This could suggest that apartments are a viable option for those looking for more affordable housing or investment opportunities in Deerholme’s real estate market.
The population of Deerholme has reached 15,500 residents, with a growth rate of 3.3%. This above-average population growth can drive demand for housing as new residents seek accommodations, thereby contributing to the overall health of the real estate market.
Investment Opportunities and Potential
Given the steady appreciation in property values, Deerholme presents itself as an attractive location for real estate investment. Long-term investors could benefit from the consistent rise in home and apartment prices. Rental properties might also yield profitable returns due to the population growth and demand for housing solutions.
The stronger growth rate in house prices compared to apartments suggests that single-family homes may offer better capital gains over time. However, apartments should not be overlooked as they provide an accessible entry point into the real estate market for both investors and first-time homebuyers alike.
Future Market Outlook
The future outlook for Deerholme’s real estate market remains positive. With a robust population growth rate that exceeds national averages, demand for housing is expected to remain strong. As long as economic conditions in Deerholme and surrounding areas continue to foster job creation and attract residents, both the residential housing and apartment sectors are likely to witness sustained growth.
Investors and homebuyers should monitor local developments closely, such as infrastructure projects or changes in zoning laws that can impact property values. Careful consideration of such factors will be key to making informed decisions within this dynamic market.
