Invermere, 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 Invermere, British Columbia, is currently experiencing stable growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing sector has been showing consistent upward momentum. Similarly, the apartment sector, with a median price of $300,000 and a growth trend of 2.1% year-over-year, reflects a slightly more modest but still positive trajectory.
This steady growth aligns with the region’s population increase. Invermere has seen a significant population growth rate of 7.1%, which suggests an inflow of new residents and potential homebuyers. This demographic shift is likely contributing to the rising demand for housing in both segments, potentially signaling a seller’s market where demand outpaces supply.
2. Investment Opportunities and Potential
Investment opportunities in Invermere appear promising given the current market conditions. The robust year-over-year growth in property values offers investors the potential for capital appreciation. Single-family homes, as indicated by the median house price increase, could be particularly attractive for those looking to invest in long-term assets or rental properties to cater to new residents.
Apartments present an alternative investment opportunity with a lower entry point at $300,000 and consistent growth at 2.1%. Investors may consider this segment for both rental income and appreciation potential. The growing population could drive demand for multi-family housing units, suggesting that apartment investments might also see increased interest.
3. Future Market Outlook
Looking ahead, the real estate market in Invermere is poised for continued growth, albeit potentially at a measured pace. Given the strong population expansion and corresponding demand for housing, both house and apartment prices may keep trending upwards if current economic conditions persist.
However, investors should remain aware of external factors such as economic policies, interest rates, and regional developments that can impact market dynamics. It will be important to monitor these indicators closely as they can affect affordability and investment returns over time.
In conclusion, Invermere’s real estate market shows healthy indicators for both short-term stability and long-term growth potential. Investors considering entering this market should conduct thorough due diligence and consider aligning their strategies with the broader demographic trends and economic outlook of the region.
