Exeter, 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 | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
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) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Exeter, British Columbia is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for housing in the area, attributed to both local buyers and those from outside the region seeking residential properties.
Similarly, the apartment sector is showing positive movement with a median price of $300,000 and an annual growth rate of 2.1%. This slower growth rate compared to houses suggests that apartments are a more accessible entry point into the real estate market for first-time buyers and investors.
The population of Exeter is on the rise, currently at 15,000 residents with a substantial growth rate of 7.1%. Such an uptick in population usually correlates with increased demand for housing, both rental and owned, which may continue to drive property values upward.
Investment Opportunities and Potential
In light of the current market trends and population growth, Exeter offers promising investment opportunities. The consistent rise in property values suggests that purchasing residential real estate now could result in capital gains over time. Investors should particularly take note of the expanding apartment market which presents potential for rental income as well as long-term appreciation given its more moderate price point.
Developers might also find opportunities in building new housing units to accommodate the growing population. Given the pace at which Exeter is expanding, there appears to be room for new developments that cater to a variety of demographics – including singles, families, and retirees.
Ongoing infrastructure improvements and economic development within Exeter can also contribute positively to property value appreciation, making real estate investments here potentially more lucrative.
Future Market Outlook
The future outlook for the Exeter real estate market remains optimistic. Population growth is typically a strong indicator of continued demand for housing. Assuming that the city’s economic fundamentals remain robust and its appeal to new residents persists, we can expect ongoing increases in property values.
The current trends suggest that both house and apartment prices will continue their upward trajectory albeit at a sustainable pace. This growth pattern reflects a balanced market where supply keeps up with demand without leading to overheated conditions.
Potential investors are advised to monitor factors such as interest rates, employment rates, and regional economic policies as these can have significant impacts on property markets. However, considering current data points, Exeter’s real estate market proposes an attractive proposition for those looking to invest in stable markets with growth potential.
