Faulder, 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 Faulder, British Columbia, currently exhibits stable growth, with the median house price sitting at $500,000, marking a 3.5% year-over-year increase. This indicates a healthy demand for homes in this region. Similarly, the median apartment price has reached $300,000, with a more modest growth of 2.1% year-over-year. Given the current trends, the market is competitive but not overheated, offering opportunities for both buyers and sellers to engage in transactions without the frenzied pace seen in more volatile markets.
Investment Opportunities and Potential
Faulder’s real estate market presents promising investment opportunities. The steady increase in property values suggests that investments made now have a solid chance of appreciating over time. With the population growing at an impressive rate of 7.1%, demand for housing is likely to remain strong or even increase. This demographic trend, combined with the current housing price growth rates, makes Faulder an attractive location for both residential and rental property investments. Investors should consider these factors when making decisions about entering or expanding their presence in Faulder’s real estate market.
Future Market Outlook
The future outlook for Faulder’s real estate market appears optimistic. The continuous population growth coupled with consistent property value appreciation points towards ongoing demand and potentially higher returns on investment in the long term. Assuming that economic conditions remain stable and supportive of the current trends, investors can expect continued growth in both the median house and apartment prices. However, as with any investment, it is crucial to remain informed about both local and broader economic indicators that may impact the real estate landscape.
