Rosedale, 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 (2025) | 15,000 |
| Previous Population (2020) | 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
The real estate market in Rosedale, British Columbia is currently experiencing a period of steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market shows healthy demand for single-family homes. This trend is indicative of a stable environment for both homeowners and investors looking for long-term asset growth.
Similarly, the apartment sector in Rosedale is witnessing modest year-over-year price increases, with a current median price of $300,000 and a growth rate of 2.1%. This slower pace suggests that there might be slightly less pressure on the apartment market compared to houses, which could be due to various factors including demographic preferences or the supply of new apartment listings.
The population of Rosedale has grown by 7.1% to reach 15,000 residents. This significant increase in population is likely contributing to the overall demand for housing in the area and may be partially responsible for the consistent price appreciation observed across the housing market.
Investment Opportunities and Potential
Given the steady growth in property values and the rising population, Rosedale presents several promising investment opportunities. The ongoing increase in median house prices suggests that purchasing residential properties could yield solid returns for those looking to invest in real estate over the medium to long term.
Apartments also offer potential for investors, particularly those who are looking to cater to segments of the population that prefer more affordable housing options or do not require as much space as provided by single-family homes. Additionally, with an increasing population and a relatively lower appreciation rate for apartments, there may be opportunities to capitalize on potential future demand increases.
Investors should also consider diversification within Rosedale’s real estate market by exploring different neighborhoods and property types, as well as keeping an eye on development projects that could affect future property values.
Future Market Outlook
The future outlook for Rosedale’s real estate market appears positive. Assuming current trends continue, one can expect ongoing moderate growth in property prices driven by population expansion and sustained demand. However, it is important to remain attentive to any economic changes or policy adjustments that may impact these trends.
As Rosedale continues to grow and attract new residents, infrastructure development will likely follow suit, potentially leading to increased property value over time. Investors should monitor local government plans for new developments or improvements that could enhance neighborhood appeal or accessibility.
In conclusion, while immediate conditions are favorable, maintaining a watchful eye on both local and broader economic indicators will be key for those looking to maximize their investments in Rosedale’s real estate market.
