Robson, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Robson, British Columbia, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes within the area. On the other hand, apartments are also seeing an upward trend in pricing, with the median apartment price hitting $300,000 and a slower yet consistent price acceleration of 2.1% annually.
The population of Robson has reached approximately 15,000 residents, demonstrating a robust growth rate of 7.1%. This increase implies an expanding local economy and potentially more demand for housing as new residents seek accommodations. Given these dynamics, the market is leaning towards a seller’s advantage with reasonably swift property turnover rates and escalating prices.
Investment Opportunities and Potential
The continuous growth in population and housing prices indicate promising investment opportunities in Robson’s real estate market. Investors looking to purchase rental properties would benefit from focusing on areas that cater to the influx of new residents, perhaps targeting properties that offer convenient access to amenities and employment hubs.
The sustained appreciation in house and apartment values provides investors with the potential for capital gains over the medium to long term. Moreover, given the relatively moderate increase in apartment prices compared to houses, there may be untapped potential in this segment for those looking to enter the market at a lower price point while still enjoying appreciation benefits.
Future Market Outlook
The future outlook for Robson’s real estate market appears optimistic. The strong population growth rate is likely to continue fueling demand for housing. If this trend persists alongside economic stability and favorable employment conditions, we can expect further increases in property values.
However, it is crucial for investors and homebuyers alike to monitor interest rate movements and any regulatory changes that could impact borrowing costs or investment incentives. With careful consideration of these factors, stakeholders can make informed decisions to capitalize on Robson’s growing real estate market while mitigating risks associated with any potential economic fluctuations.
