Ferguson, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
As of the latest data, the real estate market in Ferguson, British Columbia, exhibits stable growth. The median house price stands at $525,000, reflecting a healthy year-over-year increase of 4%. This growth rate suggests a steady demand for housing in the area that is likely driven by both local factors and broader provincial trends.
Similarly, the apartment market in Ferguson is exhibiting positive movement with the median apartment price reaching $320,000, which indicates a year-over-year uptrend of 2.5%. This growth, although more modest compared to houses, implies a consistent interest in more affordable and potentially more flexible housing options.
The population of Ferguson has reached approximately 15,500 residents, with a robust growth rate of 3.3%. This demographic expansion is an essential driver for housing demand and supports the observed increases in property values.
Investment Opportunities and Potential
Ferguson’s real estate market presents several opportunities for investors. The consistent rise in house and apartment prices suggests that investments made now could appreciate over time. The solid population growth further enhances Ferguson’s investment potential as it indicates an expanding market with increasing demand for housing.
In particular, single-family homes are experiencing a stronger appreciation rate and may offer greater long-term value retention. Apartments also represent an attractive investment with their lower entry price point and appeal to individuals seeking more affordable or conveniently located living options.
Given the current trends, investors might consider diversifying their portfolios between different types of properties to capitalize on various segments of Ferguson’s market.
Future Market Outlook
The future outlook for Ferguson’s real estate market appears promising. Assuming that current trends persist, such as population growth and economic stability, the demand for both houses and apartments is likely to remain strong. This sustained demand will probably continue to push property values upward at a steady pace.
An important factor that could influence future growth is the regional economic development that would attract new residents seeking employment opportunities. Additionally, any changes in interest rates could affect affordability and consequently impact market dynamics.
In conclusion, while no market is without risks, Ferguson’s real estate shows signs of being a sound investment with both short-term gains through property value increases and long-term potential due to demographic trends. Continued monitoring of economic indicators and local developments will be key to making informed investment decisions.
