Hilliers, 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
In Hilliers, British Columbia, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes in the area. Meanwhile, apartments are also seeing an upward trend in values, with the median price at $300,000 and a year-over-year growth of 2.1%. The population of Hilliers has reached 15,000 residents with a robust growth rate of 7.1%, which may contribute to the sustained demand for housing in the region.
Investment Opportunities and Potential
The Hilliers real estate market presents several investment opportunities. Given the consistent rise in property values, investors can expect continued appreciation in both the house and apartment sectors. The strong population growth indicates potential for rental properties to cater to new residents who may initially seek temporary accommodation. With houses appreciating at a faster rate than apartments, investing in single-family homes could yield higher long-term capital gains. Additionally, as more people move into the area, investors might explore developing multi-family units or purchasing land for future residential development.
Future Market Outlook
The future outlook for Hilliers’ real estate market appears promising. If current trends persist, property values are expected to continue their upward trajectory. The significant population increase suggests ongoing demand for housing which should support both sales and rental markets. Investors and homeowners should watch for any changes in local economic factors that could influence these trends, such as employment rates or large-scale infrastructure projects. However, based on current data, Hilliers represents a stable market with potential for future growth.
