Grandviewwoodlands, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $1,485,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 1.0% |
Apartment
| Median price | $780,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $1,200,000 |
| 3 bedrooms | $1,485,000 |
| 4 bedrooms | $1,750,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $650,000 |
| 2 bedrooms | $780,000 |
| 3 bedrooms | $900,000 |
Demographics
| Current Population (2025) | 17,000 |
| Previous Population (2020) | 16,500 |
| Population Change | 3.0% |
| Total Private Dwellings | 8,000 |
| Occupied Private Dwellings | 7,200 |
| Population Density (per km²) | 2.1 |
| Land Area (km²) | 1,500.3 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Grandview-Woodland, British Columbia, has demonstrated continued growth, as reflected by the year-over-year increase in property values. The median house price in the community now stands at $1,485,000, marking a 4.2% increase compared to the previous year. This trend suggests a healthy demand for single-family homes within the area.
Similarly, the apartment market has shown a positive trajectory with the median apartment price reaching $780,000, which signifies a slightly more moderate year-over-year growth of 2.5%. The sustained growth in apartment prices indicates a stable appetite for multi-family living units, likely driven by both homeowners and investors alike.
The population of Grandview-Woodland stands at approximately 17,000 residents, with a growth rate of 3%. This population increase is supportive of the ongoing real estate demand and suggests an influx of new residents seeking housing in the area.
Investment Opportunities and Potential
The steady climb in house and apartment prices points to robust investment opportunities within Grandview-Woodland’s real estate market. Investors should consider the potential for capital gains due to the consistent appreciation of property values. In particular, single-family homes have exhibited strong growth and could be a focal point for those looking to invest in residential properties that may continue to rise in value.
The growth in apartment prices also presents opportunities for investors targeting rental income. As the population continues to grow, demand for rental units is expected to rise, potentially leading to increased rental yields over time. Furthermore, with development projects likely on the horizon to accommodate population growth, there may be prospects for investing in new construction or redevelopment ventures.
Future Market Outlook
The future outlook for Grandview-Woodland’s real estate market remains optimistic. Given the solid foundation of rising property values and ongoing population growth, it is reasonable to anticipate that the area will maintain its upward trajectory. The expansion of infrastructure and local amenities will further bolster this outlook as they improve quality of life and attract more residents.
In light of current trends and demographic factors, investors and homebuyers can approach the Grandview-Woodland real estate market with confidence, bearing in mind that long-term strategies often yield promising returns in such growing communities. Vigilance towards economic indicators and regional development plans will remain crucial for astute market participants seeking to capitalize on this burgeoning market.
