Deroche, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $675,000 |
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 | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Deroche, British Columbia, is currently experiencing a period of steady growth. With a median house price of $550,000, the market has seen a year-over-year increase of 4.2%. This indicates a healthy demand for housing in the area, reflecting both local economic stability and consumer confidence. In comparison, the median apartment price stands at $320,000, which has grown at a slightly lower rate of 2.5% year-over-year. The difference in growth rates between houses and apartments suggests that single-family homes are in higher demand, possibly due to shifting preferences for more space or the demographic composition of Deroche’s residents.
Investment Opportunities and Potential
For investors looking to enter the Deroche real estate market, there are promising opportunities—especially in the single-family home segment. The consistent growth in house prices points to a robust market with potential for capital gains over time. Additionally, with a population growth rate of 3.3%, which is notably higher than many other regions, there is likely to be sustained demand for housing. This demographic trend can be leveraged by developers and investors interested in both residential construction projects and buy-and-hold rental property strategies. The current population of 15,500 is forecasted to rise further, which may lead to increased demand for various housing options.
Future Market Outlook
The future outlook for Deroche’s real estate market appears optimistic. The area’s strong population growth coupled with consistent upward trends in house prices suggests that the housing market will remain buoyant in the near future. While past performance is not always indicative of future results, the current data points towards continued appreciation in property values and potential rental income increases. Investors and homebuyers can find confidence in these indicators when considering long-term commitments to this market. However, it remains important for stakeholders to stay informed on local economic developments that could impact the real estate landscape.
