Windermere, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 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 currently displays a stable growth pattern. With the median house price sitting at $525,000 and experiencing a 4% year-over-year increase, the market shows healthy demand for single-family homes. Meanwhile, the median apartment price is at $320,000, which has risen by 2.5% year-over-year. These trends suggest a balanced growth across different types of property.
The local population of approximately 15,500 is growing at a steady pace of 3.3%, contributing to the ongoing demand for housing. This demographic expansion can be attributed to both natural growth and inward migration, driven by Windermere’s attractive living conditions and employment opportunities.
Investment Opportunities and Potential
In light of the current market trends, Windermere presents several promising investment opportunities. The consistent growth in house prices indicates strong potential for capital gains over the long term. Investors looking to purchase residential properties for rental purposes may also find favorable conditions due to the population growth driving rental demand.
Apartments offer a more accessible entry point for investors, with a lower median price point and a positive trend in value appreciation. Additionally, as population growth continues, there may be an increased need for multi-family dwellings, making apartment investments particularly compelling.
Future Market Outlook
The future outlook for Windermere’s real estate market remains optimistic. Assuming that the current drivers of growth—population increase and economic stability—persist, it is reasonable to expect that both housing prices and rental demand will continue their upward trajectory.
However, investors should remain aware of broader economic conditions that could impact interest rates and lending practices. These factors could influence buyer affordability and thus affect the real estate market dynamics.
In conclusion, while Windermere’s real estate market shows positive signs for both short-term stability and long-term growth potential, investors should maintain due diligence and monitor external economic factors that may impact their investment decisions.
