Grasmere, 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
The real estate market in Grasmere, British Columbia, is experiencing a period of steady growth in terms of property values. The median house price in the region has reached $500,000, reflecting a year-over-year increase of 3.5%. Similarly, the median apartment price currently stands at $300,000, with a slightly lower year-over-year growth rate of 2.1%. This indicates a consistent upward trend in property values across different types of housing.
The population of Grasmere has also grown significantly by 7.1%, suggesting an increasing demand for housing in the area. This population growth can be attributed to factors such as Grasmere’s attractive lifestyle, economic opportunities, and its growing reputation as a desirable location for both families and professionals.
Investment Opportunities and Potential
Considering the moderate yet steady appreciation rates in property values and the robust population growth, Grasmere presents compelling investment opportunities. Investors looking to purchase residential properties can expect a stable market with potential for long-term capital gains.
Houses seem to be driving the market with a higher growth rate compared to apartments, indicating a possibly stronger demand for single-family homes or larger living spaces. However, apartments are also appreciating at a healthy rate and could appeal to investors seeking lower entry points or those targeting rental markets catering to smaller households or younger demographics.
Future Market Outlook
The future outlook for Grasmere’s real estate market remains positive. With continuous population growth and the sustained rise in property values, the market is expected to maintain its upward trajectory. The data suggests that both housing prices and demand will continue to grow at a measured pace, which bodes well for investors and homeowners alike.
It is important for potential investors to consider local economic drivers, infrastructure developments, and regional planning policies that may affect future real estate dynamics. Nonetheless, if current trends persist, Grasmere’s real estate market appears poised for ongoing stability and growth.
