Erickson, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Erickson, British Columbia, is currently experiencing a period of steady growth. With a median house price sitting at $520,000, the market has seen a year-over-year increase of 4%, indicating healthy demand. Meanwhile, the median apartment price is at $310,000, with a slightly lower growth rate of 2.5% year-over-year. The steady price trends suggest a balanced market that is neither overheating nor cooling significantly.
Erickson’s population stands at 15,500 with a robust growth rate of 3.3%. This demographic trend is supportive of housing demand and could be contributing to the sustained property value increases. The influx of new residents likely reflects Erickson’s appeal as an attractive living destination and can be anticipated to continue bolstering the real estate sector.
Investment Opportunities and Potential
The current growth trajectory presents several investment opportunities within Erickson’s real estate market. With house prices still rising at a moderate pace, investors may find value in purchasing residential properties to either rent them out or capitalize on further appreciation. Apartments, while growing at a slower rate in terms of price, may offer more affordable entry points for investors looking to cater to singles or small families.
The strong population growth is also indicative of potential demand for rental properties. Investors might consider targeting new residents who are in need of housing but may not yet be ready or able to purchase property themselves. As the local economy adapts to accommodate the growing population, commercial real estate investments could also become increasingly attractive.
Future Market Outlook
The future outlook for Erickson’s real estate market appears promising based on current data. Should the population continue to grow at or above the current rate of 3.3%, it can be expected that housing demand will remain strong, underpinning further property value increases.
However, investors should monitor economic indicators such as employment rates, income levels, and regional development plans as these factors will influence longer-term trends and sustainability. For now, Erickson’s real estate market projects an optimistic future balanced with opportunities for both residential and commercial investors looking to tap into a growing community.
