Defot, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| 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 Defot, British Columbia is currently experiencing stable growth. The median house price stands at $510,000, which marks a year-over-year increase of 4%. This reflects a sustained demand for housing in the area, likely influenced by the positive population growth rate of 1.3%. Similarly, the apartment market is showing resilience with a median price of $315,000 and an annual appreciation trend of 2.5%. These figures indicate a balanced market that is growing steadily but not overheating.
Investment Opportunities and Potential
The steady increase in housing prices coupled with ongoing population growth suggests that Defot offers promising investment opportunities. Investors seeking long-term capital gains may find the single-family home market particularly attractive, given the stronger year-over-year price increase compared to the apartment sector. Rental properties also present potential due to the growing population, which may result in increased rental demand. As such, both residential property types present viable options for investors looking for stable income streams and appreciation potential.
Future Market Outlook
The future outlook for Defot’s real estate market remains optimistic. The consistent growth in population implies a sustained demand for housing. Barring any unforeseen economic events or policy changes that could impact the real estate sector, the current trends suggest that both house and apartment prices may continue to rise at a measured pace. This outlook is favorable for investors who are considering entering the market as well as current property owners who are looking to hold onto their investments.
