Valemount, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $499,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $499,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.5% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Valemount, British Columbia is currently experiencing steady growth. With a median house price of $499,000 and an observed year-over-year increase of 3.2%, the market is showing signs of moderate appreciation. This trend is mirrored in the apartment sector, where the median price stands at $295,000 and has risen by 2% over the same period. The local population has grown by 3.45%, which indicates a burgeoning demand for housing in the area.
Investment Opportunities and Potential
Investors considering Valemount’s real estate market may find attractive opportunities due to its stable growth rate and reasonable entry prices. The consistent increase in property values suggests a healthy investment potential with a lower risk profile compared to markets with volatile pricing. The steady population growth further underscores the potential for rental investments, as more people moving into the area may lead to higher demand for rental properties. Moreover, given the trends in housing prices, capital gains can be expected for long-term investors focusing on residential properties.
Future Market Outlook
The outlook for Valemount’s real estate market appears positive, with several factors indicating that growth trends are likely to continue. The ongoing population growth will likely sustain demand for both purchasing and renting properties. Given that the current price trends have been consistent and reflective of a growing economy, investors can remain cautiously optimistic about future capital appreciation in both houses and apartments. However, as with any investment, it is crucial to monitor economic conditions closely, as shifts in employment rates or local development projects could impact these projections.
