Gleneden, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
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
In Gleneden, British Columbia, the current median house price stands at $525,000, with a positive year-over-year trend of 4.2%. This indicates a steadily appreciating market for single-family homes. The median apartment price is comparatively lower at $310,000, having experienced a slower growth rate of 2.8% year-over-year. These trends suggest that while both segments of the housing market are growing, houses are seeing a slightly more robust increase in value.
The population of Gleneden has reached approximately 15,500 residents, with a notable growth rate of 3.33%. This demographic expansion is likely contributing to the demand for housing in the area and could be partially responsible for the observed trends in property values.
Investment Opportunities and Potential
Given the steady appreciation rates in Gleneden’s real estate market, investment opportunities appear promising, particularly in the single-family home sector due to its higher growth trend. Investors looking to capitalize on longer-term capital gains may find the 4.2% annual increase in house prices an attractive prospect. The apartment market also presents potential for investors, especially those who are looking to enter the market at a lower price point or who are interested in properties that may require less maintenance and attract different rental demographics.
The consistent population growth suggests that rental properties could be in high demand, positioning investors to benefit from both rental income and property value appreciation over time. Additionally, new developments and infrastructure driven by population increases could lead to new investment opportunities within the community.
Future Market Outlook
The future outlook for Gleneden’s real estate market remains optimistic based on current trends and demographic data. Should the population continue to grow at or above the current rate of 3.33%, demand for housing is likely to remain strong, potentially driving further increases in property values over time. However, potential investors should monitor local economic conditions and be aware of broader national economic factors that might impact interest rates and borrowing costs.
In summary, Gleneden’s real estate market shows a healthy upward trajectory with ample opportunities for investment across various types of properties. As with any investment decision, it is advisable to conduct thorough research and consider consulting with real estate professionals who have local expertise.
