Rosebery, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $540,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
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 | $460,000 |
| 3 bedrooms | $540,000 |
| 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 | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Rosebery, British Columbia, has been exhibiting steady growth over the past year. The median house price in the area is currently $540,000, which represents a 4% year-over-year increase. This indicates a healthy and gradually appreciating market for single-family homes. On the other hand, the market for apartments is also growing but at a slightly slower pace. The median apartment price stands at $320,000, with a 2.5% year-over-year increase. Such trends suggest that while there is consistent demand across different housing types, houses are experiencing a slightly higher appreciation rate.
Investment Opportunities and Potential
The investment potential in Rosebery’s real estate market is promising, particularly due to its consistent population growth of 3.3%. This demographic expansion contributes to the demand for housing and supports the sustained price increase. For investors looking at long-term capital gains, single-family homes might offer more substantial returns given their higher appreciation trend. However, apartments should not be overlooked as they offer a more accessible entry point into the real estate market and may appeal to a broader segment of renters or first-time homebuyers.
Future Market Outlook
The future outlook for Rosebery’s real estate market remains optimistic. Considering the steady population growth coupled with ongoing development projects in the region, it is expected that both housing demand and property values will continue to rise. This trend is likely to persist as long as economic conditions remain favorable and the area’s attractiveness to new residents persists. Investors and homebuyers could benefit from moving into this market sooner rather than later to capitalize on potential appreciation in property values over time.
