Keefers, 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 Keefers, British Columbia currently presents a stable growth scenario. With a median house price sitting at $500,000 and experiencing a 3.5% year-over-year increase, the market is showing healthy appreciation. Similarly, the median apartment price has risen to $300,000, marking a slightly more modest year-over-year growth of 2.1%. This consistent growth indicates a balanced market where prices are increasing at a sustainable rate.
The population of Keefers has grown by 7.1%, suggesting that the demand for housing may continue to rise as more people move into the area. This influx could be due to various factors such as employment opportunities, lifestyle preferences, or local investments stimulating economic growth.
Investment Opportunities and Potential
For investors considering the Keefers real estate market, there are several positive indicators. The ongoing population growth coupled with steady price increases suggests that there is consistent demand for housing. The median house and apartment prices indicate that there is potential for both entry-level and mid-market investment opportunities.
Investors focusing on rental properties may find opportunities given the population increase, potentially leading to greater rental demand. Furthermore, the current trends suggest that property values are likely to continue their upward trajectory, favoring long-term capital gains strategies.
Future Market Outlook
Looking forward, the real estate market in Keefers appears poised for continued growth. The combination of population expansion and steady price increases lays a solid foundation for a robust market outlook. Barring any unforeseen economic shifts or policy changes that could affect the housing market dynamics, investors and homeowners can be cautiously optimistic about future property value appreciation.
Overall, careful monitoring of local economic factors and national real estate policies will be crucial in projecting the long-term health of Keefer’s real estate market. Stakeholders should remain attentive to such variables to capitalize on potential investment opportunities and mitigate risks associated with market fluctuations.
