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Vanderhoof, British Columbia Real Estate Market Data

Updated: Nov 2024

House

Median price $500,000
Monthly growth 1.2%
Quarterly trend 3.5%
Stock on market 0.8%

Apartment

Median price $300,000
Monthly growth 0.9%
Quarterly trend 2.1%
Stock on market 1.2%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $400,000
3 bedrooms $500,000
4 bedrooms $600,000

Apartments

Bedrooms Median Price
1 bedrooms $250,000
2 bedrooms $350,000
3 bedrooms $450,000

Demographics

Current Population (2025) 15,000
Previous Population (2020) 14,000
Population Change 7.1%
Total Private Dwellings 6,000
Occupied Private Dwellings 5,500
Population Density (per km²) 1.5
Land Area (km²) 2,500.5

Market Analysis






Vanderhoof Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Vanderhoof, British Columbia, is currently experiencing steady growth in property values. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This increment indicates a healthy demand for housing in the area, reflecting both local economic stability and attractiveness to potential homeowners. On the other hand, the median apartment price is $300,000, with a slightly lower growth rate of 2.1% year-over-year. This difference in growth rates may suggest that houses are in higher demand compared to apartments or that there is a trend towards single-family homes in this market.

Investment Opportunities and Potential

With a solid population growth rate of 7.1%, investment opportunities within Vanderhoof appear promising. The population increase could be attributed to factors such as employment opportunities, quality of life, and affordability compared to larger urban centers. Investors might find the residential sector appealing due to consistent appreciation in property values. Rental properties could also be an attractive option given the population growth, as there may be an influx of residents seeking housing before deciding to purchase homes. Moreover, the slower growth rate in apartment prices relative to houses suggests that there may be room for increased returns on apartment investments as the market adjusts over time.

Future Market Outlook

The future outlook for Vanderhoof’s real estate market remains optimistic. If current trends and population growth continue, we can expect sustained demand for housing which should maintain upward pressure on property prices. However, investors should stay informed about local developments that could influence the market, such as major infrastructure projects or changes in economic conditions. Given the current data points and positive indicators like strong population growth and rising house prices, Vanderhoof presents itself as an attractive market for both residential homebuyers and real estate investors looking for long-term capital gains.