Peachland, 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 | 0.7% |
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 | $480,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| 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 Peachland, British Columbia, the real estate market is currently experiencing steady growth. The median house price stands at $550,000, which indicates a year-over-year increase of 4.2%. This growth trend suggests a healthy demand for single-family homes in the area. Similarly, the median apartment price has risen to $320,000, marking a 2.5% year-over-year increase. This moderate appreciation in apartment prices points to a sustained interest in more affordable and low-maintenance living spaces.
The population of Peachland is approximately 15,500 residents, with a notable growth rate of 3.3%. The increasing population is likely contributing to the housing demand and could be an indicator of a vibrant local economy that attracts new residents seeking employment or lifestyle changes.
Investment Opportunities and Potential
The consistent rise in property values presents appealing investment opportunities for both residential and rental markets. For investors looking at long-term capital gains, single-family homes offer promising potential due to their higher year-over-year price increase compared to apartments. Additionally, with a growing population and corresponding demand for housing, rental properties could provide stable yields over time.
The market trends indicate that Peachland is becoming an increasingly desirable location for both living and investing. Its natural beauty, combined with a strong community feel, adds to the town’s allure. Investors should also consider future infrastructure development plans and any zoning changes that could impact property values positively.
Future Market Outlook
The future outlook for Peachland’s real estate market remains optimistic based on current trends and demographic indicators. With a robust population growth rate and steady increases in property values, the market is poised for continued expansion. Both economic factors and quality of life considerations are likely to attract more residents to Peachland, sustaining the need for housing.
Investors should remain aware of broader economic conditions that might influence mortgage rates and borrowing costs. However, assuming stable economic conditions continue, Peachland’s real estate market appears well-positioned for ongoing growth over the next several years. Savvy investors will keep an eye on local developments that could further boost property desirability or introduce new inventory to the market.
