Hilliers, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 1.0% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.5% |
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) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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
The real estate market in Hilliers, British Columbia is currently experiencing a steady growth pattern. The median house price stands at $525,000, with a year-over-year increase of 4%. This indicates a healthy market with consistent demand for single-family homes. Similarly, the median apartment price is $320,000, which has risen by 2.5% from the previous year. The modest growth in apartment prices suggests a stable and slightly more accessible market for individuals and small families seeking more affordable housing options.
The current population of Hilliers is approximately 15,500, which has grown by 3.3% recently. This population growth contributes to the demand for housing and is a positive sign for real estate stability and long-term investment potential.
Investment Opportunities and Potential
The ongoing growth trend in housing prices, combined with the steady population increase, presents significant investment opportunities in Hilliers. The consistent appreciation of housing values provides investors with the potential for capital gains over time. Single-family homes, as indicated by the 4% increase in median house prices, are particularly promising as they are leading the market’s growth.
Apartments offer an alternative investment opportunity with a lower entry point at a median price of $320,000. With their 2.5% year-over-year price increase, they represent a more approachable sector for first-time investors or those looking to diversify their portfolio with residential properties that cater to smaller households or rental markets.
Future Market Outlook
The future outlook of Hilliers’ real estate market remains optimistic. Factors such as the continuous population growth at 3.3% suggest that demand for housing will persist. The ongoing development of local amenities and infrastructure alongside economic opportunities within the region are likely to attract more residents and boost the property market further.
If current trends hold, both the single-family home and apartment sectors are expected to experience sustained appreciation. However, prospective investors and homeowners should be aware of broader economic conditions such as interest rates and employment levels that can influence market dynamics.
In conclusion, Hilliers presents an attractive market with solid fundamentals for both owner-occupier purchasers and real estate investors. With careful analysis and consideration of long-term trends, stakeholders can make informed decisions to capitalize on current opportunities while preparing for future changes in this vibrant community.
