Knutsford, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| 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 | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Knutsford, British Columbia
In Knutsford, British Columbia, the real estate market is characterized by moderate growth. The median house price is currently $525,000, which marks a 4% increase from the previous year. This steady growth trend indicates a healthy demand for housing in the area. Similarly, the median apartment price has seen a rise to $310,000, showing a slightly smaller year-over-year increase of 2.5%. These trends suggest that while houses are experiencing stronger appreciation, apartments are also becoming more valuable but at a more measured pace.
The population of Knutsford stands at 15,500, with a notable growth rate of 3.3%. This population increase likely contributes to the consistent demand for residential properties in the region and can be seen as an underlying driver of the market’s overall health and vitality.
Investment Opportunities and Potential in Knutsford
Knutsford’s real estate market presents promising opportunities for investors. The consistent growth in property values coupled with the robust population growth suggests that there is ongoing and potentially increasing demand for housing. For investors looking to purchase residential properties for rental or resale purposes, the current trends indicate a favorable return on investment scenario over time.
Given that house prices are appreciating at a faster rate than apartments, investment in single-family homes may offer higher capital gains in the long term. However, apartments should not be overlooked as they provide an accessible entry point into the real estate market and may appeal to first-time homebuyers or individuals seeking more affordable housing options.
Future Market Outlook for Knutsford Real Estate
The future market outlook for Knutsford remains optimistic based on the current trends and data. If the population continues to grow at the observed rate, demand for housing is likely to remain strong or even increase. This sustained demand will continue to support property value appreciation over time. It is reasonable to forecast that both house and apartment prices could maintain their upward trajectory given these conditions.
However, potential investors and homeowners should remain attentive to broader economic factors such as interest rates, employment rates, and regional developments that could influence market dynamics. Careful consideration of these elements alongside local trends will be essential for making informed decisions about entering or exiting the Knutsford real estate market.
