Ferguson, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| 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
The real estate market in Ferguson, British Columbia, is currently experiencing steady growth. With a median house price of $525,000 and an upward trend of 4% year-over-year, the market demonstrates healthy appreciation. Similarly, apartments are becoming increasingly valuable with a median price of $310,000 and a growth trend of 2.5% year-over-year.
The population of Ferguson has grown to 15,500 residents, indicating a robust increase of 3.3%. This influx of new residents may be contributing to the rising demand for housing in the area, which in turn could be driving the positive pricing trends observed across the housing market. The sustained growth suggests that the Ferguson real estate market is currently stable with a competitive environment for both buyers and sellers.
Investment Opportunities and Potential
Investors considering the Ferguson real estate market can find potential in both the single-family home and apartment sectors due to consistent price appreciation. The ongoing population growth indicates an enduring demand for housing which may present lucrative opportunities for rental property investments as well as long-term capital gains.
The continued rise in property values, coupled with a growing population base, suggests that investments into multi-family dwellings or development projects could be particularly rewarding. In addition to rental income, investors might also benefit from potential equity increases as the market continues to grow.
Future Market Outlook
Looking forward, the Ferguson real estate market appears poised for continued growth. Factors such as steady population increase and sustained year-over-year price rises point towards a robust future market outlook. As long as these trends persist—supported by a strong local economy and an attractive living environment—Ferguson’s real estate market should remain an appealing destination for both homebuyers and investors.
However, it is important for stakeholders to monitor local and national economic indicators that could influence borrowing costs, such as interest rates, which have a significant impact on buying power and investment returns. Keeping abreast of any shifts in economic policy or demographic trends will be crucial for making informed decisions in this dynamic market.
