Field, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
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 | $470,000 |
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 Field, British Columbia is currently experiencing a steady growth phase. With a median house price of $520,000, the market has seen a year-over-year increase of 4%, indicating a stable upward trend in property values. Similarly, the median apartment price is at $310,000, with a slower yet consistent year-over-year appreciation of 2.5%. This suggests that while houses are in higher demand, apartments are also gaining value, albeit at a more moderate pace.
The population of Field has reached approximately 15,500 residents, with an impressive growth rate of 3.3%. This demographic expansion contributes to the increasing housing demand and may lead to sustained growth in property values.
Investment Opportunities and Potential
The current growth trends present numerous investment opportunities within Field’s real estate market. The consistent increase in property values indicates a healthy demand for housing, which could benefit investors looking for long-term capital gains. Houses show a stronger appreciation rate than apartments, suggesting that single-family homes or larger residential properties could offer more significant investment returns.
Apartments, with their moderate appreciation rate, might be appealing to investors seeking lower entry points into the real estate market or those interested in rental income opportunities. Given the population growth rate, there is potential for increased rental demand, providing steady cash flow for investors focusing on apartment units.
Future Market Outlook
The future outlook for Field’s real estate market remains optimistic given the current trends and demographic indicators. The ongoing population growth is expected to continue fueling housing demand. If these trends persist, both median house and apartment prices are likely to maintain their upward trajectory.
In the long term, if Field sustains its economic and demographic growth patterns, the real estate market should remain robust. Investors may find this stability attractive as it suggests potential for continued property value appreciation and rental income stability. However, it’s essential to monitor local economic developments and infrastructure investments as they can significantly impact future market conditions.
