Groundbirch, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.0% |
| 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 Groundbirch, British Columbia, the real estate market is currently experiencing a steady increase in housing prices. The median house price stands at $495,000, which marks a 4.2% year-over-year growth. This uptick in housing prices suggests a healthy demand for single-family homes in the region. Meanwhile, the apartment sector is also seeing an upward trend with a median price of $310,000, representing a slower growth rate of 2.5% year-over-year. The current market conditions are indicative of a balanced growth pattern that is favorable for both homeowners looking to sell and potential buyers seeking long-term investments.
Investment Opportunities and Potential
The investment potential in the Groundbirch real estate market appears promising due to its consistent growth patterns. With a population of 15,300 that has grown by 2% recently, there is an increasing demand for housing which could continue to drive property values up. Investors looking at the single-family home segment might find greater capital appreciation prospects thanks to the higher growth rate observed in this category. On the other hand, apartments offer a more modest but stable investment opportunity with their lower but consistent appreciation rate. This could be particularly appealing for investors seeking rental income properties and those interested in catering to smaller households or the rental market.
Future Market Outlook
The future outlook for Groundbirch’s real estate market remains optimistic based on current trends and demographic factors. Continued population growth is likely to maintain pressure on housing demands, potentially leading to further increases in property values over time. Assuming that economic conditions remain stable and interest rates do not rise significantly, Groundbirch can expect sustained growth in its real estate sector. Both residential and apartment markets are poised to benefit from these trends, making Groundbirch an attractive location for investors and homebuyers alike who are looking for long-term value stability and potential growth.
