Stoner, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $500,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $280,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 16,000 |
| Previous Population (2019) | 15,000 |
| Population Change | 6.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Stoner, British Columbia
The real estate market in Stoner, British Columbia, is currently experiencing a period of steady growth. With a median house price at $550,000, the market has seen a 4% year-over-year increase, indicating a healthy demand for detached homes. Similarly, the median apartment price is set at $320,000, with a more modest year-over-year growth of 2.5%. This slower growth rate in the apartment sector suggests that while there is interest in more affordable housing options, the demand is not as vigorous as it is for houses.
The town’s population stands at 16,000 with an impressive growth rate of 6.7%. This demographic expansion underpins the robust property market as new residents seek accommodation, thereby driving demand. The population surge aligns with the upward trajectory of home values and ensures a consistent influx of potential buyers and renters.
Investment Opportunities and Potential in Stoner, British Columbia
Investors looking into the Stoner real estate market may find substantial opportunities given current trends. The steady appreciation in property values signifies an auspicious environment for long-term capital gains. Detached homes represent a particularly promising investment due to their higher appreciation rate.
Moreover, the notable population growth suggests that rental properties may also be a viable investment strategy. As newcomers arrive, there will be an increased need for rental accommodation, which could lead to higher occupancy rates and potential rental income growth. Apartments might be especially attractive for investors targeting a demographic that seeks more affordable living arrangements or temporary housing solutions.
Future Market Outlook for Stoner, British Columbia
The future real estate market outlook for Stoner remains positive. The sustained population boom is expected to drive ongoing demand for both purchasing and renting properties. If current trends continue, we can anticipate a steady rise in property values across all sectors of the market.
However, it’s important to consider that external economic factors such as interest rates, employment rates, and regional economic development initiatives can influence future market conditions. Assuming these factors remain stable or improve, Stoner’s real estate market should maintain its upward trajectory. Investors and homebuyers should keep an eye on these indicators to make informed decisions moving forward.
In summary, Stoner’s growing population combined with increasing property values presents attractive prospects for buyers and investors alike. By staying informed on market trends and potential economic shifts, stakeholders can maximize their investment potential in this burgeoning British Columbian town.
