Royston, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| 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 | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 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 | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Royston, British Columbia is characterized by steady growth. With a median house price of $550,000, the market has experienced a 4% year-over-year increase, indicating consistent demand and a healthy economy. Conversely, the median apartment price stands at $320,000, with a slightly lower growth rate of 2.5% year-over-year. This may suggest that while the housing market remains robust, there is a more modest appreciation in the apartment sector.
Investment Opportunities and Potential
Investors considering Royston’s real estate market can expect stable returns given the current trends. The consistent rise in house prices reflects solid investment opportunities, particularly in single-family homes. The slower growth rate in apartment prices might also present an opening for investors looking to capitalize on more affordable entry points with potential for long-term appreciation.
The population growth of 3.3% is another positive indicator for potential investors. A growing population is likely to drive demand for housing further, potentially leading to higher rental occupancy rates and opportunities for real estate development projects.
Future Market Outlook
Looking ahead, Royston’s real estate market appears promising. The combination of steady price increases and significant population growth suggests that demand for housing will continue to rise. As such, both house and apartment markets are poised for sustained growth. Although external economic factors can impact market dynamics, current data implies that Royston will remain an attractive area for both homebuyers and investors in the foreseeable future.
