Rosebery, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
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 | 6,200 |
| 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 Rosebery, British Columbia, is currently experiencing stable growth. With a median house price of $520,000 and an annual appreciation trend of 4%, the housing market demonstrates healthy demand. Similarly, the median apartment price stands at $310,000 with a year-over-year increase of 2.5%. This suggests a consistent upward trajectory in property values across different types of residential real estate.
Rosebery’s population has grown by 3.3%, indicative of the area’s increasing desirability as both a residential location and investment opportunity. This population growth can be attributed to several factors such as the town’s economic stability, natural beauty, and overall quality of life which are likely contributing to the heightened real estate demand.
Investment Opportunities and Potential
For investors looking at Rosebery, the steady increase in property values coupled with sustained population growth presents an attractive opportunity for both short-term gains through property flipping and long-term investment through rental income. Given that both the house and apartment markets are showing positive growth trends, diversifying investments between these two types of properties could mitigate risk while capitalizing on the area’s market dynamics.
The 4% year-over-year increase in house prices suggests that single-family homes may offer stronger capital appreciation potential compared to apartments, which are growing at a slightly slower pace of 2.5%. However, apartments might provide more accessible entry points for investors due to their lower median price point and could be particularly appealing for those looking to cater to singles or small families who prefer urban living.
Future Market Outlook
Moving forward, Rosebery’s real estate market outlook appears optimistic. The ongoing population growth is likely to continue fueling demand for housing in the region. If current trends persist, investors can reasonably expect continued appreciation in property values. Careful observation of interest rate changes, economic policies affecting homeownership affordability, and any shifts in local industry will be crucial for accurately forecasting future performance.
In conclusion, Rosebery represents a robust market with potential for investment success given its current trajectory of growth. However, as with any investment decision, it is imperative to conduct thorough due diligence and consider macroeconomic factors that could influence the market’s direction.
