Exeter, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Exeter, British Columbia is currently experiencing modest growth, with the median house price standing at $525,000. This figure represents a year-over-year increase of 2.8%, indicating a stable and steadily appreciating housing market. Similarly, the median apartment price is $315,000, which has seen a smaller but consistent growth of 1.9% over the past year.
The population of Exeter has been growing at a healthy rate of 3.3%, now reaching 15,500 residents. This demographic trend is contributing to the demand for housing and is a positive signal for the market’s overall health and sustainability.
Investment Opportunities and Potential
In light of the steady growth in property values and the increasing population, Exeter presents attractive investment opportunities. The consistent appreciation in house and apartment prices suggests that investments in residential properties are likely to offer solid capital gains over time.
The ongoing population growth not only supports the demand for property ownership but also strengthens the rental market. Investors looking to acquire rental properties may find this market particularly appealing due to the potential for stable rental income streams alongside long-term property value appreciation.
Future Market Outlook
The future outlook for Exeter’s real estate market appears promising. Given the current trends of gradual price increases and robust population growth, it is reasonable to expect that these patterns will continue into the foreseeable future, barring any unforeseen economic disruptions. However, investors should be mindful of broader economic conditions that may impact interest rates and affordability.
In conclusion, Exeter offers a balanced real estate market with steady growth potential both for homeowners and investors. Prospective buyers are encouraged to act while the market conditions remain favorable for long-term investment.
