Holberg, 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 Holberg, British Columbia is currently characterized by steady growth. The median house price in the region stands at $500,000, which marks a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes and a stable market condition. Apartments in Holberg are also experiencing growth, with the median price at $300,000 and an upward trend of 2.1% from the previous year.
With a growing population that has surged by 7.1%, now standing at 15,000 residents, the demand for housing is expected to remain robust. This population growth can be attributed to various factors including migration from urban centers, local economic opportunities, and the attractiveness of Holberg’s natural amenities.
Investment Opportunities and Potential
The consistent rise in property values coupled with significant population growth underpins the potential for real estate investment opportunities in Holberg. Investors may find particular value in single-family homes due to their higher appreciation rate as compared to apartments.
The market’s steady growth provides an optimistic outlook for long-term capital gains. Additionally, rental properties could be a promising avenue for investors to consider given the expanding population and corresponding demand for housing. As more individuals move to Holberg, there will likely be an increased need for rental accommodations.
Future Market Outlook
The future market outlook for Holberg’s real estate appears positive. The ongoing population growth is set to fuel demand for both ownership and rental properties. If current trends continue, we can expect property values to maintain an upward trajectory.
The town’s ability to attract new residents suggests that it has key lifestyle or economic drivers that make it an appealing destination for individuals and families alike. As such, both residential and investment buyers can reasonably anticipate continued market resilience and potential for profitable returns on their real estate investments in Holberg.
