Glenrosa, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
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
The real estate market in Glenrosa, British Columbia is currently experiencing a stable growth trend. With a median house price of $520,000, the market has seen a consistent year-over-year increase of 4%. This indicates a steadily appreciating housing market, which is favorable for homeowners and investors alike. In comparison, the median apartment price stands at $320,000, with a slightly lower growth rate of 2.5% year-over-year. This suggests that while apartments are also appreciating in value, they are doing so at a more modest pace than standalone houses.
The population of Glenrosa has reached approximately 15,500 residents, with an impressive growth rate of 3.3%. This influx of new residents may be contributing to the demand for housing in the area, thereby supporting the observed trends in property values.
Investment Opportunities and Potential
Given the steady increase in property values and the significant population growth, Glenrosa presents several appealing investment opportunities. Investors looking to purchase residential properties can expect continued appreciation based on current trends. Single-family homes offer a solid investment with a 4% appreciation rate, indicating potential for long-term capital gains.
Apartments present an alternative investment opportunity with a slightly lower entry point in terms of pricing and a steady appreciation trend. Moreover, as the population continues to grow and more people seek housing options that are affordable and low-maintenance, demand for apartments could potentially increase. This may lead to an upward pressure on both rental and sale prices for apartments in the future.
Future Market Outlook
The future outlook for Glenrosa’s real estate market appears positive. The ongoing population growth suggests that demand for housing will remain robust. If this trend continues alongside economic stability and regional development, it is reasonable to anticipate further appreciation of property values across both houses and apartments.
However, potential investors should remain vigilant regarding local economic policies, interest rates, and housing supply dynamics as these factors could influence the trajectory of the real estate market. The current positive trends provide optimism but maintaining an awareness of broader economic conditions is essential for making informed investment decisions.
