Deroche, 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 Deroche, British Columbia, is currently experiencing steady growth. The median house price in the area is valued at $500,000, reflecting a year-over-year increase of 3.5%. This increment indicates a healthy demand for single-family homes and suggests that the market is appreciating at a moderate pace. Meanwhile, the apartment sector is observing a slightly lower growth rate, with median prices at $300,000 and a 2.1% year-over-year uptrend. The more modest increase in apartment prices may indicate a higher demand for houses or could reflect a market with less turnover in apartment ownership.
Investment Opportunities and Potential
The investment landscape within Deroche presents promising opportunities, particularly for those interested in single-family homes. Given the solid growth in median house prices, investors can anticipate capital gains over time. Rental properties also offer potential as the population has seen an impressive growth of 7.1%, suggesting an increasing demand for housing as more people move to the area. With both property types showing positive trends, investors have various options to diversify their real estate portfolios whether they are looking to invest in residential homes for resale or rental purposes.
Future Market Outlook
Looking ahead, the future market outlook for Deroche’s real estate remains optimistic. The consistent population growth paired with sustainable increases in property values points towards continued demand for housing. As long as economic conditions remain stable and supportive of real estate investment—such as low-interest rates and favorable employment rates—the market is likely to maintain its current trajectory of gradual growth.
However, potential investors should be vigilant of local and global economic shifts that may affect the market dynamics. Factors such as changes in mortgage regulations or significant economic events could alter the current trends observed in Deroche’s real estate market.
