Goldstream, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Goldstream, British Columbia, has been experiencing consistent growth. The median house price currently stands at $525,000, with a year-over-year increase of 4.2%. This indicates a stable and growing market for single-family homes. Similarly, the median apartment price is at $320,000, showing a slightly lower year-over-year growth of 2.5%. This difference in growth rates may suggest a higher demand for houses over apartments in the region.
The area’s population has reached approximately 15,200 residents, with a healthy growth rate of 2.7%. This population increase is likely contributing to the steady demand for housing and underpins the positive trends observed in property values.
Investment Opportunities and Potential
The current trends indicate that Goldstream presents viable investment opportunities, especially in the single-family home sector. With a strong year-over-year price increase for houses, investors can anticipate continued appreciation in property values. The rising population suggests that rental properties could also be a promising venture as more people seek accommodation in the region.
Given the slower growth rate in apartment prices compared to houses, investors might find more competitive pricing and potential for long-term gains in the apartment sector. The affordability of apartments could attract first-time homebuyers or those looking for smaller residential options.
Future Market Outlook
The future market outlook for Goldstream remains optimistic due to ongoing population growth and sustained demand for housing. If current trends persist, we can expect further increases in property values across both houses and apartments. However, potential investors should monitor local economic conditions and development plans closely as these factors could impact future market dynamics.
In conclusion, Goldstream’s real estate market appears robust with solid investment potential. Careful analysis of specific areas within the market will be crucial for those looking to maximize their returns on investment.
