Shoreholme, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.3% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
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 Shoreholme, British Columbia, currently displays a steady growth pattern. With a median house price of $525,000, the market has experienced a year-over-year increase of approximately 4%. This indicates a healthy demand for housing in the area and suggests that Shoreholme is experiencing sustainable growth. Moreover, the median apartment price stands at $315,000, with a slightly lower year-over-year increase of 2.5%. The steady rise in property values can be attributed to several factors including the area’s economic stability, quality of life, and an influx of new residents.
The population of Shoreholme has reached 15,500 with a robust growth rate of 3.3%, which is higher than the national average. This population growth is likely contributing to the increased demand for housing and can be seen as a sign of a vibrant local economy and a promising job market that continues to attract new residents.
Investment Opportunities and Potential
For investors looking at Shoreholme’s real estate market, there are opportunities for both short-term gains through property flipping and long-term investment through rental properties. Given the steady appreciation rate in house prices, investors could benefit from acquiring properties now to sell as prices continue to climb. Additionally, the increase in population suggests a rising demand for rental units, making it an opportune time to invest in rental apartments or houses.
The consistent growth in apartment prices also presents an attractive opportunity for investors looking to enter the market at a lower price point compared to houses. The slower growth rate provides a more accessible entry for first-time investors while still offering potential for capital appreciation.
Future Market Outlook
The outlook for Shoreholme’s real estate market remains positive. Assuming current trends continue, we can anticipate further growth in property values driven by ongoing population increases and economic expansion. The stable increase in house and apartment prices points towards sustained interest in both buying and renting within the region.
New infrastructure developments and community projects could further bolster the appeal of Shoreholme, potentially leading to greater investment opportunities and an uptick in market activity. However, it is important for investors to monitor regional economic conditions, interest rates, and housing supply levels as these factors will also influence future market performance.
In conclusion, Shoreholme’s real estate market presents promising opportunities underpinned by solid year-over-year growth trends. Investors should remain cautiously optimistic while staying informed about local market developments to make strategic investment decisions.
