Enderby, 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 | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Enderby, British Columbia
The real estate market in Enderby, British Columbia, has been experiencing steady growth over the past year. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This growth indicates a healthy demand for housing in the area. Similarly, the median apartment price has risen to $300,000, showing a more modest year-over-year increase of 2.1%. These statistics suggest that while the market for apartments is growing, it is doing so at a slower pace compared to houses.
The population of Enderby has reached 15,000 people with a notable growth rate of 7.1%. This influx is likely contributing to the demand for housing and may be driving the prices upward as supply struggles to keep pace with demand.
Investment Opportunities and Potential in Enderby
Enderby’s steady population growth combined with its increasing property values offers attractive investment opportunities. The consistent rise in house prices suggests that purchasing residential property in this market could yield solid returns over time. Investors should note the higher percentage increase in house prices relative to apartments when considering their investment strategy.
For those looking to invest in rental properties, the growing population implies a potentially expanding rental market. With the city’s attractiveness to newcomers, landlords may benefit from increased rental demand, which can lead to higher occupancy rates and potential rental income growth.
Future Market Outlook for Enderby Real Estate
Looking ahead, the real estate market in Enderby appears poised for continued growth. The robust population increase suggests an ongoing demand for housing that could maintain upward pressure on housing prices. If the trend continues and is coupled with economic development initiatives that attract more residents and businesses to the area, the future outlook for both residential and apartment markets remains positive.
However, potential investors should monitor local developments closely as factors such as changes in interest rates, economic conditions, or housing policies can impact market dynamics. Nevertheless, based on current trends and data, Enderby presents itself as an appealing market with promising prospects for real estate investment.
