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 has been experiencing steady growth. The median house price in the region is currently $500,000, which indicates a year-over-year increase of 3.5%. This growth suggests a healthy demand for single-family homes. Similarly, apartments are also seeing an uptick in prices with the median apartment price at $300,000, following a 2.1% year-over-year increase.
This consistent upward trend in property values is taking place against a backdrop of significant population growth. Faulder’s population has grown by 7.1%, bringing the total to approximately 15,000 residents. This demographic expansion has been a key driver of demand for housing in both the purchase and rental markets.
Investment Opportunities and Potential
Given the current market conditions, Faulder presents promising opportunities for real estate investors. The steady increase in property values coupled with robust population growth suggests that investments in residential properties could yield strong returns. Single-family homes, given their higher appreciation rate, may offer greater potential for capital gains.
The rental market is likely benefiting from the population growth as well, potentially offering investors attractive rental yields. Apartments might be particularly appealing for those looking to tap into the more affordable segment of the market or provide housing solutions to residents that may not be ready to purchase property.
Future Market Outlook
The future real estate market outlook for Faulder appears positive. If current trends continue, property values are expected to keep rising moderately, driven by ongoing population growth and demand for housing. The region’s 3.5% annual growth rate for houses and 2.1% for apartments suggest a stable market without indications of overheating.
However, potential investors should monitor local economic factors and any changes in population dynamics that could affect the real estate market. Development of new housing projects and infrastructure could further influence supply and demand dynamics, potentially creating new investment opportunities or impacting current property values.
