Oliver, British Columbia Real Estate Market Data
Updated: Nov 2024
House
Median price | $550,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.2% |
Stock on market | 0.5% |
Apartment
Median price | $320,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $475,000 |
3 bedrooms | $550,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $270,000 |
2 bedrooms | $360,000 |
3 bedrooms | $460,000 |
Demographics
Current Population (2025) | 16,000 |
Previous Population (2020) | 15,000 |
Population Change | 6.7% |
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 Oliver, British Columbia, is showcasing a steady growth trend with the median house price currently standing at $550,000, which is a 4.2% year-over-year increase. This upward trajectory indicates a healthy demand for housing in the area. Similarly, the median apartment price has seen a rise to $320,000, reflecting a 2.5% year-over-year growth. These growth rates are evidence of a robust market that has been attracting buyers consistently.
Oliver’s demographic trends with a population of 16,000 and a significant population growth of 6.7%, suggest an expanding community. This expansion is likely driving the housing demand further, which may explain the consistent increase in property values.
Investment Opportunities and Potential
The steady price increase in both houses and apartments points to Oliver’s investment potential. With median prices still accessible compared to larger metropolitan areas, investors could see substantial returns as the market continues to strengthen. The growing population indicates that rental properties could be in high demand, offering investors an opportunity for stable rental income alongside potential capital gains.
The relatively affordable median apartment price of $320,000, coupled with a year-over-year price increase of 2.5%, suggests that apartments might be an especially attractive option for first-time investors or those looking for lower entry points into the real estate market.
Future Market Outlook
The future outlook for Oliver’s real estate market appears optimistic based on current trends and demographic data. With the population growing at 6.7%, it is likely this will continue to put upward pressure on housing demand and prices. If these trends persist, we can expect both house and apartment prices to maintain their upward momentum.
This positive outlook assumes that economic conditions remain stable and supportive of real estate growth. Investors should also consider local developments, infrastructure projects, and regional economic policies that could influence the market’s trajectory.
In conclusion, Oliver’s real estate market presents promising opportunities characterized by consistent price growth and an expanding population base. Prospective buyers and investors should closely monitor these trends to make informed decisions aligned with their investment strategies.