Shoreholme, British Columbia Real Estate Market Data
Updated: Nov 2024
House
Median price | $510,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $315,000 |
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 | $510,000 |
4 bedrooms | $620,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $460,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,500 |
Population Change | 4.8% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Shoreholme, British Columbia, the real estate market has been exhibiting steady growth. The median house price currently stands at $510,000, marking a 4% increase year-over-year. This increment highlights a robust market that is attracting both homeowners and investors alike.
Similarly, the apartment sector has shown resilience with a median price of $315,000, which has risen by 2.5% from the previous year. This slower growth rate compared to houses suggests that the demand for apartments is stable but not as aggressive as that for detached homes.
The local population has reached approximately 15,200 residents, with a significant growth rate of 4.8%. This demographic trend is contributing to the demand for housing in Shoreholme and supports the positive market dynamics observed in recent periods.
Investment Opportunities and Potential
The ongoing population increase presents substantial opportunities for real estate investment in Shoreholme. The consistent appreciation in property values across both houses and apartments indicates a favorable environment for long-term capital gains. The relatively higher growth rate in house prices suggests that single-family homes may offer more significant investment returns compared to apartments.
Investors considering entering the Shoreholme market could benefit from purchasing rental properties to cater to new residents who may initially opt for rental accommodation before buying homes. Additionally, with a strong population growth rate, there is potential for development projects aimed at expanding housing availability to meet rising demand.
Future Market Outlook
The future outlook for the Shoreholme real estate market remains optimistic. Demographic trends like the impressive population growth are expected to continue fueling housing demand. Assuming current economic conditions persist, property prices are likely to maintain an upward trajectory, albeit potentially at a more moderate pace as affordability becomes a concern with continued price increases.
Investors and homebuyers should monitor interest rates and other economic indicators closely, as these could affect borrowing costs and influence market activity levels. Nevertheless, the underlying fundamentals of Shoreholme’s real estate market appear strong, suggesting that it should remain an attractive destination for both living and investing in the foreseeable future.