Willowvale, 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
1. Current Market Conditions and Trends
In Willowvale, British Columbia, the real estate market is currently exhibiting steady growth. The median house price in the area stands at $500,000, reflecting a year-over-year increase of 3.5%. This consistent rise indicates strong demand for detached homes, likely fueled by both local buyers and external interest in Willowvale’s lifestyle and amenities.
Apartments in Willowvale are also experiencing growth, albeit at a slower pace. The median apartment price is currently $300,000, with a year-over-year trend showing a 2.1% increase. This difference in growth rates suggests that houses are more in demand compared to apartments, which may be due to buyer preferences for larger living spaces or potential investment returns.
The population of Willowvale has reached 15,000 residents, with an impressive population growth rate of 7.1%. This influx of new residents could be contributing to the increased demand for housing and the subsequent rise in property values.
2. Investment Opportunities and Potential
The positive trajectory of house prices coupled with a significant population increase positions Willowvale as an attractive location for real estate investment. Single-family homes present a sound investment opportunity due to their higher appreciation rate. Investors can anticipate continued demand as the population expands and buyer preferences lean towards detached homes.
Apartments offer a lower entry point into the market at $300,000 and while they have shown slower growth, they remain a viable option for investors targeting long-term rental income or those looking to cater to individuals who prefer lower-maintenance living or cannot afford higher-priced housing options.
The economic stability of Willowvale combined with its burgeoning population suggests that both rental and resale markets will likely remain robust, providing investors with multiple strategies to capitalize on their investments.
3. Future Market Outlook
The outlook for Willowvale’s real estate market remains positive given current trends and underlying fundamentals. Continued population growth at over 7% is expected to sustain demand for housing across all types. The steady appreciation of house prices indicates that there is ongoing confidence in the market which bodes well for future capital gains.
Investors should monitor local economic developments and any changes in migration patterns closely as these factors will play critical roles in shaping the market dynamics moving forward. In conclusion, while no market is without risk, Willowvale presents promising conditions that suggest its real estate landscape will remain favorable for both short-term gains and long-term investment strategies.
