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Millstream, British Columbia Real Estate Market Data

Updated: Nov 2024

House

Median price $950,000
Monthly growth 1.4%
Quarterly trend 4.2%
Stock on market 0.6%

Apartment

Median price $475,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.1%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $750,000
3 bedrooms $950,000
4 bedrooms $1,100,000

Apartments

Bedrooms Median Price
1 bedrooms $425,000
2 bedrooms $475,000
3 bedrooms $525,000

Demographics

Current Population (2025) 16,000
Previous Population (2020) 15,500
Population Change 3.2%
Total Private Dwellings 7,000
Occupied Private Dwellings 6,500
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Millstream, British Columbia Real Estate Market Analysis

Current Market Conditions and Trends

As of the latest available data, the Millstream real estate market is experiencing steady growth. The median house price in the area currently stands at $950,000, marking a year-over-year increase of 4.2%. This indicates a healthy demand for single-family homes, reflecting a consistent upward trend in property values.

In contrast, the apartment sector is seeing a more modest growth rate with the median apartment price at $475,000, and an increase of 2.5% over the same period. This suggests that while there is growth in this segment as well, it is at a slower pace compared to detached homes.

The population of Millstream has reached approximately 16,000 residents and is growing at a rate of 3.2%. This population growth contributes to the demand for housing and helps sustain the real estate market’s expansion.

Investment Opportunities and Potential

The current trends in Millstream’s real estate market point to several investment opportunities. The consistent rise in house prices indicates that investing in residential properties could yield substantial returns over time. The slightly lower growth rate for apartments offers potentially more affordable entry points for investors looking to capitalize on rental income or smaller-scale investment operations.

The ongoing population growth not only drives housing demand but also enhances the potential for new development projects and long-term investment strategies focused on both residential and commercial real estate. Investors should consider the demographic trends and potential infrastructure developments that could influence future property values.

Future Market Outlook

The outlook for Millstream’s real estate market remains positive. Given the steady population increase and consequent housing demand, it is plausible to expect continued growth in property values. The current trends suggest that both houses and apartments will continue to appreciate, although possibly at different rates.

Investors should monitor key factors such as interest rates, economic conditions, and regional developments that could impact the market dynamics. While no market is entirely predictable, Millstream’s strong fundamentals present an attractive opportunity for both short-term gains and long-term investment stability.