Falkland, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $380,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| 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
In Falkland, British Columbia, the real estate market is experiencing consistent growth. With a median house price of $495,000 and an appreciative year-over-year trend of 3.2%, the market shows signs of stability and upward mobility. Apartments are also seeing a positive trend, with a median price set at $295,000 and a 2% rise over the past year.
The population of Falkland has reached 15,000 residents, with a significant population growth of 3.4%. This demographic change suggests an increasing demand for housing which may continue to drive real estate values upward in the foreseeable future.
Investment Opportunities and Potential
The continued population growth paired with rising property values indicates that Falkland presents notable investment opportunities. The steady increase in housing prices points to a healthy market where investment properties could appreciate over time. Considering the current trends, both residential houses and apartments emerge as attractive options for real estate investors looking to capitalize on the region’s growth.
With mortgage rates fluctuating and various government incentives potentially on the horizon, investors should remain vigilant about changes that could affect profitability. Nonetheless, the consistent appreciation rates for both houses and apartments suggest that investing in Falkland’s real estate could yield positive returns in both short-term and long-term scenarios.
Future Market Outlook
The future outlook for Falkland’s real estate market remains optimistic based on current trends and demographic data. The area’s robust population growth not only promotes demand but may also contribute to a diversified local economy, further strengthening the real estate market. If these trends persist, it is reasonable to expect that property values will continue to rise.
Investors and homebuyers should monitor key indicators such as employment rates, new construction developments, and interest rate changes as they can influence the trajectory of market conditions. However, given the current data and favorable conditions, Falkland’s real estate market is poised to remain an attractive landscape for both residential living and investment opportunities.
