Fauquier, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $505,000 |
| 4 bedrooms | $620,000 |
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 | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Fauquier, British Columbia, currently displays a steady growth pattern. With a median house price of $505,000 and an appreciative trend of 4.2% year-over-year, the market is showing resilience and upward momentum. The median apartment price stands at $315,000 with a slightly lower appreciation rate of 2.8% year-over-year. This indicates a sustained demand in both sectors of the housing market but with a stronger performance in the detached home category.
The population of Fauquier is 15,200 and has been growing at a rate of 1.33%. This gradual increase in population is contributing to the demand for housing, thereby supporting market stability and growth. The demographics of the area, coupled with economic factors, play a significant role in shaping the real estate trends observed.
Investment Opportunities and Potential
Given the steady appreciation rates for both houses and apartments, Fauquier presents itself as a promising location for real estate investment. The higher growth rate in house prices suggests that investments in detached homes may offer better capital gains over time. Apartments offer a more accessible entry point into the market and are likely to appeal to investors seeking rental income opportunities amidst an increasing population.
Investors should also consider the local economic landscape and infrastructure developments which could influence future property values. With Fauquier’s stable growth, there is potential for both short-term returns through rental income and long-term asset appreciation.
Future Market Outlook
The future outlook for Fauquier’s real estate market remains positive due to several key factors. The continuous population growth implies an ongoing demand for housing. If this trend persists alongside current economic conditions, it can be anticipated that both the house and apartment markets will maintain their gradual appreciation.
However, investors should remain cognizant of external economic influences such as interest rates, employment rates, and broader provincial real estate policies that can impact market dynamics. Assuming stability in these areas, the Fauquier real estate market is positioned to remain robust with healthy growth potential for the foreseeable future.
