Windermere, 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 | 0.6% |
Apartment
| Median price | $325,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| 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
The real estate market in Windermere, British Columbia, is currently experiencing steady growth. With a median house price of $550,000 and an annual appreciation rate of 4%, the housing market shows signs of healthy demand. The apartment sector is also growing, albeit at a slightly slower pace, with a median price of $325,000 and a year-over-year trend of 2.5% growth.
Windermere’s increasing population, which now stands at 15,500 with a robust growth rate of 3.3%, is indicative of the area’s attractiveness and potential for further expansion in the housing market. This population increase can be attributed to the region’s quality of life, natural beauty, and possibly inbound migration for employment opportunities.
Investment Opportunities and Potential
In terms of investment opportunities, Windermere presents a promising scenario for both residential property buyers and investors. The consistent rise in house prices suggests that purchasing property could offer good capital gains over time. For investors looking for rental income, the growing population indicates potential for a strong rental market.
The trends in apartment pricing also suggest that there is an opportunity for investment in smaller residential units, which may appeal to individuals or small families drawn to the area for its lifestyle or job prospects. Given that apartments are following an upward trend in value but at a more moderate pace than houses, they represent a potentially more accessible investment point with room for growth.
Future Market Outlook
The future outlook for Windermere’s real estate market remains optimistic. The ongoing population growth coupled with the sustained increase in housing prices points towards a continuing demand for housing in the region. If current trends persist, investors and homeowners can expect to see their property values grow steadily over time.
However, it’s important to remain aware of broader economic conditions that could impact interest rates and affordability, potentially influencing buyer behavior. Additionally, as more people move to Windermere seeking its lifestyle benefits, there may be increased development activity which could affect supply and demand dynamics in the future.
