Dunbarsouthlands, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,485,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Apartment
| Median price | $750,000 |
| Monthly growth | 0.6% |
| Quarterly trend | 1.8% |
| Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,200,000 |
| 3 bedrooms | $1,450,000 |
| 4 bedrooms | $1,700,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $680,000 |
| 2 bedrooms | $750,000 |
| 3 bedrooms | $850,000 |
Demographics
| Current Population (2025) | 18,000 |
| Previous Population (2020) | 17,500 |
| Population Change | 2.9% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dunbar-Southlands, British Columbia, currently presents a stable environment with a moderate year-over-year growth in property values. The median house price is $1,485,000, reflecting a 2.5% increase from the previous year. This trend suggests a steady demand for housing in the area.
The apartment sector also shows resilience with the median apartment price standing at $750,000, accompanied by a 1.8% year-over-year increment. This growth is slightly slower compared to houses but still indicates a positive direction for multi-family dwellings.
The population of Dunbar-Southlands is approximately 18,000 residents, with a robust growth rate of 2.9%. This influx of new residents can be associated with the region’s attractiveness for its residential character and proximity to educational institutions and urban amenities.
Investment Opportunities and Potential
Dunbar-Southlands offers promising investment opportunities due to its consistent property value appreciation and population growth. Investors considering entry into this market should note the solid performance of single-family homes and the potential for rental properties due to the demographic expansion.
The area’s real estate dynamics favor long-term investment strategies. With schools and recreational facilities nearby, family-oriented housing units are particularly appealing. Additionally, with an increase in remote work trends, properties that offer additional space for home offices may command premium prices.
Developers and investors might also explore opportunities for densification projects in response to the growing population, such as low-rise apartment buildings or townhouses which could appeal to both new residents and those looking to downsize within the community.
Future Market Outlook
The future market outlook for Dunbar-Southlands remains optimistic based on current trends and demographics. The steady growth in property values suggests continued consumer confidence and desirability for this locale. Furthermore, ongoing population growth indicates sustained demand for housing which may push property values upward over time.
The local economy’s stability and its proximity to Vancouver’s core will likely continue to attract professionals and families seeking a balance between urban living and community charm. Consequently, investment in both residential developments tailored to this demographic could yield favorable returns.
However, potential investors should remain aware of broader economic factors that might impact interest rates and lending conditions, influencing buyer affordability and thereby affecting property market dynamics.
