Kimberley, 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 Kimberley, British Columbia, is experiencing steady growth. The median house price currently stands at $500,000, which reflects a year-over-year increase of 3.5%. This indicates a healthy appreciation in property values, likely driven by solid demand and a growing local economy. Similarly, the median apartment price has reached $300,000, up by 2.1% from the previous year.
With a population of 15,000 that has grown by 7.1%, Kimberley is attracting new residents at a significant rate. This influx is one of the primary drivers behind the sustained demand for housing in the area. Both residential properties and apartment units are benefiting from this trend, leading to competitive market conditions where buyers may face increased competition for available homes.
Investment Opportunities and Potential
Given the positive trends in property valuation and population growth, Kimberley offers compelling investment opportunities for both residential and multi-family properties. The consistent appreciation in house prices suggests that purchasing residential real estate can be an effective strategy for capital gains. Investors might also consider the rental market due to increasing population figures; demand for rental properties is likely to remain strong.
The 3.5% increase in house prices and 2.1% rise in apartment values are indicative of an investment environment with potential for both short-term income through rentals and long-term asset appreciation. With the population increasing at a robust pace, developers and investors may find untapped potential in new housing projects or renovation of existing properties to meet current market demands.
Future Market Outlook
The future outlook for Kimberley’s real estate market remains optimistic. Continued population growth will likely sustain demand for housing, which could lead to further increases in property values over time. If the current trends persist — with median prices rising steadily for both houses and apartments — Kimberley could see sustained or even improved growth rates in its real estate market.
Careful monitoring of economic indicators such as employment rates, interest rates, and regional development plans will be essential for predicting longer-term trends. However, if Kimberley continues to attract new residents and maintain its economic vitality, it stands to reason that the local real estate market will continue to offer promising opportunities to investors and homeowners alike.
