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Elkford, BC

Updated: Aug 2016
House
Median price $275,900
Monthly growth 1.47 %
Quarterly trend
Stock on market 3.27%
Apartment
Median price $73,250
Monthly growth -0.67 %
Quarterly trend
Stock on market 3.90%

Elkford Home Price

Canada’s national median home listing price this month is $290,900, which means that Elkford is in the top 40% for Canada.

Elkford, British Columbia has a median house price of $275,900 when compiling all the home listings in Aug .

Investors looking for properties in Elkford are most likely to find 4 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.

According to our stats, Elkford is the neighbourhood that has the 96th most properties available to real estate investors in British Columbia.

When we look at the data we have, it can help with trying to establish whether or not Elkford is a good investment target.

The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.

Elkford was Canada’s 1030th most expensive suburb by listed median house price this month.

While the median for British Columbia is $349,000 , which means that Elkford’s median price is $73,250 a lot lower than the rest of the province.

In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.

Across British Columbia Elkford has the 31th most properties on offer with 124.

Will prices rise across the next year in in Elkford? There are a number of real estate indicators to consider.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Elkford, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 46, this month we show 56.

Beds Median price (House) Median price (Apartment)
1 bedroom $56,000
2 bedrooms $152,250 $82,950
3 bedrooms $259,450 $149,900
4 bedrooms $313,000
5 bedrooms $276,000
Demographics
  • Population in 20112523
  • Population in 20062463
  • 2006 to 2011 population change (%)2.4
  • Total private dwellings1437
  • Private dwellings occupied by usual residents1019
  • Population density per square kilometre23.3
  • Land area (square km)108.42