Wolverine, 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
The real estate market in Wolverine, British Columbia currently exhibits stable growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This indicates a healthy demand for housing in the region, likely driven by its relatively small but growing population of 15,000 residents who have experienced a substantial population growth rate of 7.1%. Similarly, the median apartment price stands at $300,000, with a slower but steady increase of 2.1% year-over-year.
Investment Opportunities and Potential
The Wolverine real estate market offers promising investment opportunities, particularly in residential properties. The consistent growth in property values suggests that investments made today could yield significant returns in the future. Given the solid population growth rate, there is potential for both rental and resale markets to thrive, making it an attractive option for investors looking to expand their portfolios with long-term assets.
Future Market Outlook
The outlook for the Wolverine real estate market remains optimistic. If current trends and population growth rates persist, demand for housing is expected to continue to drive property values upward. The combination of positive economic indicators and the region’s appeal as a living destination should sustain and potentially accelerate this momentum. Investors and homeowners looking forward to capitalizing on Wolverine’s market conditions can expect favorable conditions for appreciation in property valuations over time.