Deerholme, 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 Deerholme, British Columbia currently presents a stable environment for both homeowners and investors. The median house price stands at $500,000, with a steady year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes, which can be attributed to the town’s appealing living conditions and its growing population.
In the apartment sector, there is also a positive trend, with the median apartment price at $300,000, reflecting a year-over-year growth of 2.1%. This suggests that smaller living spaces remain an attractive option for residents, possibly driven by first-time homebuyers or individuals looking for affordable housing.
With a population of 15,000 and an impressive population growth rate of 7.1%, Deerholme is on an upward trajectory that impacts housing demand positively.
Investment Opportunities and Potential
The current market trends in Deerholme point towards several investment opportunities. The consistent rise in house prices suggests that investing in residential property could yield substantial long-term capital gains. Rental properties are also likely to be a wise investment choice due to steady population growth, ensuring continuous demand.
Potential investors should consider both single-family homes and apartments as viable options. With the median prices still accessible compared to larger markets in British Columbia, Deerholme presents an opportunity to enter the market at a lower entry point with considerable growth potential.
Future Market Outlook
The future outlook for Deerholme’s real estate market appears promising. Assuming the continuation of current economic conditions and demographic trends, such as the notable population growth rate of 7.1%, housing demand is expected to remain strong. This bodes well for both property appreciation rates and rental market stability.
The year-over-year price increases seen in both houses and apartments underline the potential for ongoing appreciation. Given these factors, Deerholme’s real estate market is likely to maintain its positive momentum in the foreseeable future, making it an attractive destination for both homebuyers and investors alike.
