Gleneden, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Gleneden
The real estate market in Gleneden, British Columbia, currently presents a stable and growing environment. The median house price stands at $500,000, demonstrating a solid year-over-year increase of 3.5%. This growth indicates a healthy demand for single-family homes. Similarly, the median price for apartments is currently $300,000, with a slower but steady appreciation of 2.1% year-over-year.
The population of Gleneden has reached 15,000 residents, with an impressive growth rate of 7.1%. This influx of new residents is likely contributing to the increased demand for housing and the overall strength of the real estate market.
Investment Opportunities and Potential in Gleneden
With both housing types showing positive appreciation trends, Gleneden offers appealing investment opportunities for both residential properties and rental units. The consistent growth in house prices suggests that purchasing single-family homes could lead to substantial capital gains for investors over time.
Apartments in Gleneden also represent a valuable investment opportunity due to their affordability and the growing population’s need for diverse housing options. The rising population, combined with the moderate price increase trend for apartments, suggests there is potential for sustained rental income and long-term value appreciation.
Future Market Outlook for Gleneden
The future real estate market outlook for Gleneden remains optimistic. With its robust population growth and steady increase in property values, the market is expected to continue on an upward trajectory. Factors such as low-interest rates, regional economic development, and continued inter-provincial migration are likely to support ongoing demand.
If current trends persist, investors can anticipate continued appreciation in property values and strong rental demand. Prospective homeowners may want to capitalize on current conditions before prices escalate further. It will be important for buyers and investors alike to monitor local economic indicators and development plans which could impact the market dynamics moving forward.
