Dunbarsouthlands, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,550,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 0.5% |
Apartment
| Median price | $850,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,200,000 |
| 3 bedrooms | $1,550,000 |
| 4 bedrooms | $1,900,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $700,000 |
| 2 bedrooms | $850,000 |
| 3 bedrooms | $950,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,000 |
| Population Change | 6.7% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,600 |
| Population Density (per km²) | 2.0 |
| Land Area (km²) | 3,000.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dunbar-Southlands, British Columbia, currently showcases a stable environment with moderate growth. The median house price in the area stands at $1,550,000, having experienced a year-over-year increase of 2.5%. This increment indicates a healthy demand for houses within the community and a consistent appreciation in property values.
In comparison, apartments in Dunbar-Southlands have seen a more modest increase in value. With the median apartment price at $850,000 and following a 1.5% year-over-year trend, it suggests that the apartment market is growing at a slower pace than the housing market. This could be reflective of buyer preferences leaning towards more spacious living accommodations in this region.
The population of Dunbar-Southlands has reached approximately 16,000 residents with a significant growth rate of 6.7%. This demographic expansion reflects an increasing demand for real estate as more people choose to settle in the area.
Investment Opportunities and Potential
Given the steady rise in property values and an expanding population base, Dunbar-Southlands presents substantial investment opportunities. Investors can capitalize on the ongoing growth by engaging in both long-term property holds or development projects. Houses being the stronger performing asset class based on recent trends may offer larger capital gains over time; however, apartments could provide an opportunity for those looking to tap into rental markets or seeking lower entry points into real estate investment.
Additionally, as infrastructure develops to support the growing population and further enhances livability, property values may continue to rise. Investments geared towards amenities or services that cater to new residents’ needs could also prove lucrative.
Future Market Outlook
The future market outlook for Dunbar-Southlands remains optimistic. Given its consistent property value appreciation and significant population growth, the region is likely to maintain its upward trajectory. The current trends suggest that both housing and apartment markets will continue to prosper albeit at different rates.
Investors and homebuyers can expect continued demand for properties in this area driven by its attractiveness as a residential community with proximity to both urban conveniences and natural landscapes. With careful consideration of market dynamics and consumer behavior patterns, stakeholders can make informed decisions to take advantage of the potential that Dunbar-Southlands’ real estate market has to offer.
