Stoner, 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 | $310,000 |
| 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 | $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 (2024) | 15,500 |
| Previous Population (2019) | 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 Stoner, British Columbia, is currently experiencing a steady growth trend. The median house price in the area stands at $525,000, indicating a year-over-year increase of 4%. This suggests a robust market with consistent appreciation in property values. Meanwhile, apartments in Stoner are slightly more affordable with a median price of $310,000, which has also seen an increase but at a more moderate rate of 2.5% year-over-year.
The population of Stoner has reached approximately 15,500 residents with a growth rate of 3.3%, hinting at an expanding community that could drive further demand for housing. This population growth is likely contributing to the steady increase in property prices and indicates a healthy economic environment attracting new residents.
Investment Opportunities and Potential
Given the current market trends, Stoner presents several promising investment opportunities. The solid increase in home values provides an optimistic outlook for investors seeking long-term capital gains. As the population continues to grow, demand for both houses and apartments is expected to rise, which may lead to higher rental income potential for investors focused on rental properties.
The more modest increase in apartment prices compared to houses suggests there may be an opportunity to enter the market at a lower price point while still benefiting from overall market growth. Additionally, as new residents move into the area, there may be unmet demand for rental units, presenting an opportunity for investors to meet this need.
Future Market Outlook
The future market outlook for Stoner remains positive. The continued population growth is a strong indicator of sustained demand for housing. If current trends persist, we can anticipate further increases in property values across both the housing and apartment sectors.
However, it is essential to monitor potential economic factors that could affect the market such as changes in interest rates, employment rates, and regional development plans. Investors should keep an eye on local government policies and infrastructure projects that could enhance or detract from property values in the longer term.
In conclusion, Stoner’s real estate market appears stable with healthy growth trends indicating good potential for investment opportunities. With careful consideration of broader economic indicators and ongoing monitoring of local developments, investors can make informed decisions to capitalize on Stoner’s positive market trajectory.
