Falkland, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $505,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| 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 has been showing consistent growth, as evidenced by the median house price of $505,000, which marks a 3.2% year-over-year increase. Similarly, the apartment sector has seen a 2.5% year-over-year increase, with a median price of $315,000. These statistics indicate a stable and gradually appreciating market.
The area’s population of 15,200 has been growing at a steady rate of 1.3%, suggesting an increasing demand for housing. This population growth can be attributed to both natural factors and internal migration, as people are attracted to Falkland’s lifestyle and economic opportunities.
Investment Opportunities and Potential
For investors looking at Falkland’s real estate market, the steady upward trend in property values presents an opportunity for long-term capital gains. The consistent rise in house and apartment prices suggests that investing now could yield positive returns as the market continues to grow.
The ongoing population growth further supports investment potential in residential properties. Demand for housing is likely to stay strong or even increase, which may lead to higher rental yields for investors who choose to rent out their properties. Moreover, new developments and infrastructure improvements could open up additional prospects for investment in both residential and commercial real estate.
Future Market Outlook
The future outlook for Falkland’s real estate market remains optimistic. Given the current trends and growth rates, it is reasonable to expect that property values will continue to rise at a measured pace. The local economy appears robust enough to sustain this growth without showing signs of overheating or forming a bubble.
The sustained demand for housing driven by population growth is likely to keep the market dynamic. However, prospective buyers and investors should remain vigilant about external economic factors that could influence interest rates and affordability. Overall, Falkland’s real estate market seems poised for continued stability and gradual appreciation in value over the coming years.
