Kersley, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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 Kersley, British Columbia currently exhibits a pattern of steady growth. With a median house price standing at $525,000, there has been a respectable year-over-year increase of 4.2%. This growth rate indicates a robust demand for detached homes, perhaps driven by both local buyers and those coming from outside the region seeking more space or a lifestyle change. The market for apartments is also showing an upward trajectory but at a more modest pace, with the median apartment price at $315,000 and experiencing a year-over-year increase of 1.9%. This slower growth rate in the apartment sector could suggest a greater demand for single-family homes within the community.
Investment Opportunities and Potential
Investors considering Kersley’s real estate market will find potential in both the detached home and apartment sectors. The consistent growth in house prices presents an opportunity for capital gains over the long term. Moreover, with Kersley’s population growing at a rate of 4.8%, there is likely to be sustained demand for housing, which could drive rental yields as well as further price increases. The lower apartment prices combined with their positive trend could be attractive for investors looking to enter the market at a lower price point or diversify their investment portfolio across different types of properties.
Future Market Outlook
The future outlook for the Kersley real estate market appears optimistic given current trends and demographic data. Population growth has been robust at 4.8%, suggesting an increasing demand for housing that could continue to push property values upward. Given that both house and apartment prices have been on an upward trend, albeit at different rates, it is reasonable to expect that this momentum will sustain if economic conditions remain favorable and Kersley continues to attract newcomers seeking residential opportunities in British Columbia. Investors and homebuyers should monitor local economic drivers, interest rate changes, and regional development plans as these factors will significantly influence market performance moving forward.
