Glade, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| 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 | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Glade, British Columbia, the real estate market is currently experiencing a period of moderate growth. The median house price stands at $485,000, which marks a 4% increase year-over-year. This suggests that the market is steadily appreciating, reflecting a healthy demand for residential properties.
Similarly, the median apartment price in Glade has seen a rise to $295,000, following a more modest trend of 2.5% year-over-year growth. This difference in growth rates between houses and apartments may indicate a slight preference or higher demand for single-family homes in this region.
The population of Glade has reached approximately 15,500 residents, with an impressive growth rate of 3.3%. This demographic expansion is likely contributing to the increased demand for housing and can be seen as a positive indicator for the real estate market’s underlying strength.
Investment Opportunities and Potential
The consistent growth in property values coupled with the robust population increase suggests that Glade offers promising investment opportunities. Investors looking to capitalize on the appreciating market might consider both long-term residential rentals or buying and holding strategies for single-family homes, given their stronger appreciation trend.
With apartments registering a slower yet steady increase in value, they represent an alternative investment opportunity. They might appeal to investors focusing on a lower entry point into the market or those looking to cater to individuals or small families who prefer apartment living.
Future Market Outlook
The future market outlook for Glade, British Columbia remains optimistic. As the population continues to grow at a healthy rate, it can be expected that the demand for housing will also maintain its upward trajectory. Provided that economic conditions remain stable and interest rates are favorable, property prices are likely to continue their gradual rise.
However, investors should keep an eye on regional economic developments and potential shifts in housing policies that could affect market dynamics. Ongoing monitoring of these factors will be crucial in assessing whether the current trends will persist long-term.
In conclusion, Glade’s real estate market appears poised for continued growth. The town’s increasing population and current property value trends provide an encouraging environment for both residential homebuyers and real estate investors alike.
