Invermere, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
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 | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
In Invermere, British Columbia, the real estate market is currently experiencing a period of moderate growth. The median house price stands at $520,000, which marks a year-over-year increase of 4%. This steady growth indicates a healthy demand for single-family homes within the market. Similarly, apartments in Invermere are also seeing an upward trend with the median price currently at $310,000, reflecting a year-over-year appreciation of 2.5%. The positive trajectory in apartment prices suggests resilience in this sector of the housing market as well.
The population of Invermere has grown to approximately 15,500 residents, with an annual growth rate of 3.3%. This demographic increase contributes to a robust demand for housing and supports the ongoing property value appreciation observed in recent years.
2. Investment Opportunities and Potential
The consistent rise in property values combined with the growing local population makes Invermere an attractive destination for real estate investors. Single-family homes, given their higher year-over-year price increase, present significant investment opportunities as they are likely to offer better capital gains in the long term. The rental market is also potential-rich due to the population growth, which may lead to an increased demand for rental properties.
Apartments provide an alternative investment option with a slightly lower capital growth rate but may appeal to investors looking for more affordable entry points into the real estate market or those seeking to diversify their investment portfolio. As both sectors show positive trends, investors have the opportunity to capitalize on a market that has not yet reached its peak.
3. Future Market Outlook
The future outlook for Invermere’s real estate market remains optimistic. The current trends suggest continued growth in property values, supported by increasing population figures and sustained demand. If these demographic and economic indicators persist, investors can expect ongoing appreciation in both house and apartment prices.
However, it is important for potential investors to monitor external factors such as interest rates, employment levels, and regional economic developments that could influence future market conditions. A balanced approach that considers both current trends and potential risks will be essential for successful long-term investment strategies in Invermere’s real estate market.
