Stewart, British Columbia Real Estate Market Data
Updated: Nov 2024
House
Median price | $480,000 |
Monthly growth | 1.0% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $290,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.5% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $480,000 |
4 bedrooms | $570,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $330,000 |
3 bedrooms | $410,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,800 |
Population Change | 1.4% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,500 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Stewart, British Columbia, the real estate market is demonstrating moderate growth in property values. The median house price stands at $480,000, experiencing a steady increase with a 4% year-over-year trend. This indicates a healthy market that is attracting homeowners and investors alike. Similarly, the median apartment price is currently $290,000, which has risen at a slightly slower pace of 1.5% year-over-year.
The population of Stewart is approximately 15,000 residents and has seen a growth rate of 1.4%. This gradual population increase contributes to the sustained demand for housing in the area. The combination of growing property values and population suggests a stable market with ongoing demand for residential properties.
Investment Opportunities and Potential
Given the upward trend in property values and steady population growth, Stewart presents multiple investment opportunities. The consistent rise in house prices indicates room for capital gains for investors targeting single-family homes. Apartments offer a more accessible entry point into the real estate market at $290,000, with potential for rental income and appreciation due to the modest growth in apartment prices.
Investors looking to diversify may also consider commercial real estate or development projects in anticipation of further population growth. As Stewart’s local economy expands and attracts new residents, there will likely be an increased demand for various types of properties including retail spaces, offices, and multi-family units.
Future Market Outlook
The future real estate market outlook for Stewart appears positive. With a continued annual population growth rate of 1.4%, the demand for housing is expected to remain robust, supporting further increases in property values over time. The current trends suggest that investment in both residential and commercial properties may yield favorable returns.
While external economic factors can influence local markets, Stewart’s real estate market shows signs of resilience and potential for long-term growth based on current trends. Investors and homebuyers should remain cautiously optimistic as they look to capitalize on opportunities within this community.