Keefers, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
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 | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Keefers, British Columbia, is currently experiencing steady growth. The median house price stands at $520,000, which represents a year-over-year increase of 4%. This indicates healthy demand and a competitive market environment for single-family homes.
In parallel, the apartment sector shows a slightly slower pace of growth with a median price of $315,000 and an annual appreciation trend of 2.5%. This suggests that while apartments are also gaining in value, the market for single-family homes may be more dynamic at this point in time.
Keefers’ population has reached 15,500 residents with a robust growth rate of 3.3%, signaling an expanding local economy and potentially increased demand for housing. Such demographic trends can often lead to a rise in real estate prices due to higher demand.
Investment Opportunities and Potential
Given the current market conditions, Keefers presents viable investment opportunities particularly within the single-family home segment. The consistent appreciation of house values at 4% year-over-year outpaces that of apartments, which may attract investors looking for strong equity gains.
The ongoing population growth bolsters the potential for rental property investments as well. With more people moving into the area, there could be an uptick in demand for both rental houses and apartments. Investors could leverage this demographic shift to secure long-term income-generating assets.
The slower growth rate in apartment prices compared to houses may present an entry point for investors looking for lower initial investment thresholds while still participating in the property value appreciation over time.
Future Market Outlook
The future outlook for Keefers’ real estate market remains optimistic. Continued population growth coupled with sustained economic development is likely to support ongoing demand for housing. If these trends persist, we can reasonably expect further growth in property values across both houses and apartments.
However, investors should remain vigilant regarding interest rate changes and economic policy shifts that could affect borrowing costs and investment yields. Monitoring these factors will be crucial for making informed investment decisions in Keefers’ dynamic real estate market.
