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
1. Current Market Conditions and Trends
The real estate market in Holberg, British Columbia, is currently experiencing moderate growth. The median house price is at $500,000 with a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes that continues to drive prices upward at a steady rate. Similarly, the market for apartments is also showing growth, albeit at a slightly lower pace. The median apartment price stands at $300,000, with an annual appreciation of 2.1%.
The population of Holberg has reached 15,000 residents and has seen a significant growth rate of 7.1%. This demographic expansion is likely contributing to the increased demand for housing in the area.
2. Investment Opportunities and Potential
The consistent growth in both house and apartment prices suggests that Holberg presents promising opportunities for real estate investors. The single-family home market shows more robust growth and could provide higher capital gains in the long term. However, apartments are also an attractive investment due to their lower entry price point and the growing population’s need for diverse housing options.
Given the ongoing population increase, investors may also explore development projects or investing in rental properties to cater to the new residents who may prefer renting over purchasing a home immediately upon relocating.
3. Future Market Outlook
The future market outlook for Holberg’s real estate appears optimistic. With the population projected to continue its upward trend, demand for housing should remain strong. If current growth rates persist, investors can expect continued appreciation in property values across all segments of the market.
It is important to monitor economic factors such as employment rates, interest rates, and regional developments that could impact the market’s trajectory. However, given the current data and trends, Holberg’s real estate market holds potential for sustained growth and profitability for savvy investors.
