Shoreacres, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $940,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.5% |
Apartment
| Median price | $420,000 |
| Monthly growth | 0.6% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $750,000 |
| 3 bedrooms | $940,000 |
| 4 bedrooms | $1,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $380,000 |
| 2 bedrooms | $420,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 5,900 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Shoreacres, British Columbia, the real estate market is currently experiencing stable growth. The median house price stands at $940,000, with a year-over-year increase of 2.8%. This suggests a healthy demand for single-family homes in the area. Similarly, apartments are also seeing a growth in value, albeit at a slightly slower pace, with a median price of $420,000 and an annual appreciation rate of 1.5%. These figures reflect a market that is growing steadily without any dramatic fluctuations.
The population of Shoreacres has reached approximately 16,000 residents, with a robust growth rate of 3.2%. This growing population is likely contributing to the sustained demand for housing in the community.
Investment Opportunities and Potential
The steady increase in property values presents intriguing opportunities for investors. The consistent growth pattern in house prices indicates that investments in residential property are likely to benefit from continued appreciation. Given the population growth rate, rental properties may also be an attractive option as more people move into the area seeking accommodation.
Apartments offer a more accessible entry point for investors due to their lower median price point compared to houses. With the current trend showing an increase in apartment values as well, investing in multi-unit residential buildings could yield significant returns over time as the demand for more affordable housing options potentially rises.
Future Market Outlook
The future outlook for Shoreacres’ real estate market remains optimistic based on current trends and demographic data. The ongoing population growth serves as a positive indicator for sustained demand in housing. As long as economic conditions remain stable and interest rates are favorable, the market is expected to continue its gradual upward trajectory.
While past performance does not guarantee future results, the incremental price increases seen across housing types suggest that Shoreacres will continue to be an appealing destination for both homebuyers and investors alike. Careful observation of local economic factors and national policy changes will be crucial for those looking to maximize their investment potential in this region.
