Field, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 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) | 14,500 |
| Population Change | 4.8% |
| 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 Field, British Columbia, is currently characterized by steady growth. The median house price stands at $510,000, marking a year-over-year increase of 4%. This suggests a healthy demand for detached homes in the region. Meanwhile, the median apartment price has reached $315,000, with a slightly lower annual appreciation rate of 2.5%. These figures indicate a stable yet more modest demand for apartments compared to houses. The market’s performance can be partly attributed to the population growth of 4.8%, which has expanded the local base of potential homebuyers and renters.
Investment Opportunities and Potential
In light of the current market conditions and population trends, Field presents several attractive investment opportunities. The continuous population growth, currently at 4.8%, fuels a persistent demand for housing. Investment in both houses and apartments may yield positive returns; however, houses present a slightly higher capital appreciation potential based on recent trends. Furthermore, new developments and infrastructure projects could enhance property values over time. Investors might also consider the rental market given the steady influx of residents.
Future Market Outlook
The future outlook for Field’s real estate market remains optimistic. With an ongoing population growth rate of 4.8%, the demand for housing is likely to persist, potentially pushing property values higher over time. Moreover, if the current trends continue, we can expect similar or higher rates of appreciation for house prices (currently at 4%) and apartment prices (currently at 2.5%). However, investors should remain vigilant about economic factors that could affect interest rates and housing affordability, which in turn may impact market dynamics.
