Edgewater, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.7 |
| Land Area (km²) | 2,500.5 |
Market Analysis
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Current Market Conditions and Trends
The real estate market in Edgewater, British Columbia, is currently experiencing steady growth. With a median house price of $495,000 and an appreciating trend of 4% year-over-year, the market is showing healthy signs of expansion. Similarly, the median apartment price stands at $295,000, with a slightly lower growth rate of 2.5% year-over-year. This indicates a consistent demand for housing in the area.
The population of Edgewater is 15,300 and has been growing at a rate of 2%, suggesting that the town is attracting new residents and possibly fuelling demand for real estate. The increase in population could be attributed to several factors including employment opportunities, lifestyle preferences, or Edgewater’s appeal as a residential community.
Investment Opportunities and Potential
Given the steady rise in property values, investing in Edgewater’s real estate market could be promising. The positive trends suggest that purchasing property now could lead to capital gains in the medium to long term. For investors looking at rental properties, the population growth indicates potential for a stable rental market.
Investors should consider both residential homes and apartments due to their different growth rates and potential returns on investment. While houses have shown a higher appreciation rate, apartments may offer a more affordable entry point into the market with a slightly lower but still positive appreciation trend.
Future Market Outlook
The future outlook for Edgewater’s real estate market appears optimistic. If current trends continue, property values are likely to keep rising moderately. Population growth should sustain demand for housing, both for purchase and rent. However, external economic factors like interest rates, employment rates, and regional economic developments should also be monitored as they can significantly impact local real estate markets.
Investors considering entering the Edgewater market should stay informed about local developments and national economic trends to make well-informed decisions. Long-term investments appear favourable at this stage given the gradual but steady growth patterns observed in recent years.
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