Genelle, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| 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 | $505,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Genelle, British Columbia is currently experiencing a steady increase in property values. The median house price stands at $505,000, reflecting a year-over-year growth of 4%. This indicates a healthy appreciation rate that aligns with the overall positive trends observed in the Canadian real estate market. Meanwhile, apartments are also seeing growth, albeit at a slightly lower pace, with the median apartment price at $295,000 and an annual increase of 2.5%. The population of Genelle has reached approximately 15,500 residents, showing a robust population growth of 3.3%, which may suggest sustained demand for housing in the area.
Investment Opportunities and Potential
The consistent appreciation of property values in Genelle presents favorable conditions for real estate investment. Housing being the stronger performer with a 4% increase presents an attractive opportunity for those looking to invest in residential properties. Apartments, while showing slower growth, still offer potential given their more accessible price point at $295,000 and may appeal to first-time homebuyers or investors seeking rental properties. The ongoing population growth suggests that rental demand is likely to remain strong, providing investors with potential for steady rental income alongside value appreciation.
Future Market Outlook
The future outlook for Genelle’s real estate market appears optimistic. The continued population growth paired with moderate yet consistent increases in property values suggest that the demand for housing will persist. Assuming the current trends continue without significant economic disruptions or changes in local policies affecting housing and development, investors can reasonably expect continued appreciation of real estate investments in Genelle. However, as with any investment, potential risks should be carefully weighed against these positive indicators.
