Lumberton, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $530,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $530,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Lumberton, British Columbia, is currently experiencing steady growth. With a median house price of $530,000, which has risen by 4% over the past year, the market shows signs of moderate but consistent appreciation. This trend is similarly reflected in the apartment sector, with a median apartment price of $320,000, having increased by 2.5% year-over-year. The population of Lumberton has reached approximately 15,500 residents and is growing at an annual rate of 3.3%, indicating a healthy demand for housing in the area.
Investment Opportunities and Potential
The investment landscape in Lumberton appears promising due to the consistent rise in property values and a growing population that suggests a continued demand for housing. Single-family homes are particularly attractive given their higher appreciation rate, while apartments offer a more accessible entry point into the market with a slightly lower appreciation rate but still positive growth. Investors may consider diversifying across different property types to capitalize on the overall upward trend while mitigating risk.
Future Market Outlook
The future outlook for Lumberton’s real estate market remains optimistic. The combination of steady price increases and ongoing population growth provides a solid foundation for sustainable long-term growth. If these trends continue, investors and homeowners alike can expect progressive value appreciation in their properties. However, as with any investment, potential changes in local economic conditions or policy shifts should be monitored closely as they could impact future market dynamics.
