Harropprocter, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Harrop-Procter, British Columbia, is currently experiencing a phase of steady growth. With a median house price of $510,000 and a positive year-over-year trend of 3.8%, the market shows signs of modest but consistent appreciation. The median apartment price stands at $315,000, having grown at a slightly slower pace of 2.5% year-over-year. This indicates a stable demand for housing in the area.
The population of Harrop-Procter is 15,200 and has been growing at a rate of 2.7%. This demographic growth contributes to the sustained demand for residential properties and supports the ongoing development in the housing sector.
Investment Opportunities and Potential
With progressive growth in property values and an expanding population, Harrop-Procter presents several attractive investment opportunities. The real estate market is poised for investors looking to capitalize on the steady increase in home and apartment values. As the median prices suggest, there is a healthy gap between single-family homes and apartments, offering diverse options for investment strategies.
Long-term investors could benefit from purchasing residential properties to cater to the growing housing needs. Additionally, with the rise in property values being moderate, investors may find Harropprocter to be a more approachable entry point compared to more volatile markets.
Future Market Outlook
The future outlook for Harropprocter’s real estate market appears optimistic. The consistent population growth indicates an enduring need for housing, which may continue to drive property values upwards. However, as with any market forecast, it is important to consider external economic factors that might impact these trends.
Given current indicators—such as the gradual increase in property prices and stable population growth—the market is expected to maintain its upward trajectory at a sustainable rate. Investors should monitor local developments closely, as infrastructure projects or changes in regulations could further influence the market dynamics.
