Kersley, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.9% |
| Total Private Dwellings | 6,050 |
| 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 Kersley, British Columbia currently presents a steady upward trend in property values. With a median house price of $495,000 and experiencing a year-over-year increase of 4%, the market is showing signs of moderate growth. The median apartment price stands at $295,000, which has also seen a rise, albeit at a slower rate of 2.5% year-over-year.
This growth can be attributed to favorable market conditions including the region’s population growth of 7.9%. The demand for housing is likely being driven by this influx of new residents, which contributes to the robustness of the local real estate market.
Investment Opportunities and Potential
For investors considering Kersley’s real estate market, there are promising opportunities particularly in residential properties. Given the steady appreciation rates for both houses and apartments, investors can expect continued growth in their property values over time.
The current population surge suggests a sustained demand for housing that may benefit long-term rental strategies as well as potential resale after value appreciation. Investors might also explore new developments or renovations in existing properties to cater to the growing community’s needs.
Additionally, with more affordable prices compared to urban centers, Kersley could attract first-time homebuyers or those looking for more space at a reasonable cost, further bolstering investment potential in the area.
Future Market Outlook
Looking forward, the Kersley real estate market appears poised for continued growth. The consistent rise in property values coupled with significant population growth presents a positive outlook for both homeowners and investors alike.
Assuming current trends persist, there is an expectation of ongoing demand for housing which should support steady price increases into the future. However, prospective investors and homeowners should remain attentive to broader economic conditions that could influence mortgage rates and affordability, potentially impacting the pace of growth in Kersley’s real estate market.
Overall, while there are no guarantees in any market, current indicators suggest Kersley remains an attractive option for those looking to enter the real estate market or expand their investment portfolio.
