Knutsford, 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 in Knutsford, British Columbia
In Knutsford, British Columbia, the real estate market is currently experiencing steady growth. The median house price in the area sits at $500,000, which represents a year-over-year increase of 3.5%. This incremental growth suggests a stable market with continued demand. Similarly, the median apartment price is at $300,000, with a slightly lower growth rate of 2.1% year-over-year.
The population of Knutsford has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This demographic expansion is indicative of Knutsford’s increasing appeal as a residential destination, which likely contributes to the sustained property value appreciation. The current trends reflect healthy market conditions that are favourable for both homebuyers and investors seeking long-term gains.
Investment Opportunities and Potential in Knutsford
With the consistent rise in property values and significant population growth, Knutsford presents attractive investment opportunities. The solid growth in median house prices implies a robust market for single-family homes, which can be appealing to investors looking for properties that have potential for capital appreciation or rental income.
The apartment sector also shows promise for investors due to its moderate yet steady price increase. Given the population boom and the subsequent demand for diverse housing options, investing in apartments could be advantageous, particularly for those interested in targeting the rental market catering to smaller households or individuals.
Additionally, with population figures on the rise, there may be untapped potential in developing new residential communities or revitalizing existing ones to accommodate the influx of residents. Investment in infrastructure and amenities could further enhance property values over time.
Future Market Outlook for Knutsford’s Real Estate
The future outlook for Knutsford’s real estate market remains positive due to several key factors. The continuous population growth suggests an enduring demand for housing that should support ongoing investment. With house and apartment prices trending upwards at a measured pace, it indicates potential for sustained long-term growth rather than short-term volatility.
If current trends persist, investors could expect to see a stable increase in property values. However, it will be essential to monitor factors such as employment rates, economic development projects within the region, and interest rates as they can impact housing affordability and investment returns.
In summary, Knutsford’s real estate market appears poised for continued success given its current trajectory and demographic trends. Prudent investors should nevertheless stay informed on local economic indicators and broader market conditions to make well-informed decisions.
