Dewdney, 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 Dewdney, British Columbia is currently experiencing steady growth. With a median house price of $500,000 and an annual increase of 3.5%, the market shows signs of healthy demand. Similarly, apartments have seen a year-over-year increase of 2.1%, with a median price of $300,000. This consistent growth reflects a stable market that is neither overheated nor stagnant.
The population in Dewdney stands at 15,000 residents and has grown by 7.1%, which may contribute to the increased demand for housing. The positive trend in population growth tends to correlate with greater demand for real estate, as new residents seek both rental accommodations and homes to purchase.
Investment Opportunities and Potential
The investment potential in Dewdney is promising due to its growing population and consistent price appreciation in both housing and apartment sectors. For investors looking towards long-term capital gains, purchasing single-family homes could be particularly attractive given the higher year-over-year increase compared to apartments.
Investors interested in rental properties may also find opportunities in the apartment market, taking advantage of the lower entry price point and the steady appreciation rate. As the population continues to grow, the demand for rental units is likely to remain strong, potentially yielding favorable returns on investment through rental income and property value appreciation over time.
Future Market Outlook
The future outlook for Dewdney’s real estate market appears optimistic. The sustained population growth suggests an ongoing demand for housing which is likely to support market stability and growth. Assuming current economic conditions hold, one can anticipate a continuation of the gradual price increases witnessed in recent years.
Careful monitoring of economic drivers such as employment rates, interest rates, and regional development projects will be key in predicting any major shifts or accelerations in market trends. However, if present patterns persist, Dewdney’s real estate market could be poised for continued healthy performance in the foreseeable future.
