Whitecroft, 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
Current Market Conditions and Trends
In Whitecroft, British Columbia, the real estate market is currently experiencing a steady increase in property values. The median house price sits at $500,000, with a year-over-year appreciation of 3.5%. This growth rate indicates a healthy demand for single-family homes. On the other hand, the median apartment price is $300,000, with a slightly lower growth trend of 2.1% year-over-year. This difference in growth trends suggests that houses are in higher demand compared to apartments.
Investment Opportunities and Potential
The real estate investment landscape in Whitecroft is promising due to consistent property value appreciation and significant population growth. With a population increase of 7.1%, there is an expanding market for both rental and owner-occupied properties. Investors may find opportunities in purchasing single-family homes which exhibit stronger capital gains prospects or in developing multi-family units to cater to the growing demand. The current trends suggest that early investment could yield substantial returns as the market continues to rise.
Future Market Outlook
Looking ahead, the future market outlook for Whitecroft is optimistic. The combination of solid year-over-year price increases for both houses and apartments and robust population growth points towards ongoing demand for housing. If these trends persist, Whitecroft’s real estate market could see continued value appreciation across all property types. Investors and homeowners should monitor factors such as local economic development, interest rates, and inventory levels to make informed decisions about entering or exiting the market.
The key indicators suggest that Whitecroft’s real estate market will remain resilient and may offer good potential for both short-term gains and long-term investment stability.