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Summerland, BC

Updated: Aug 2016
House
Median price $499,500
Monthly growth 29.74 %
Quarterly trend
Stock on market 1.99%
Apartment
Median price $249,900
Monthly growth 0.96 %
Quarterly trend
Stock on market 0.56%

Summerland Home Price

The median asking price in Summerland is $499,500, a substantial increase over the median three months ago which was $474,900 .

The $499,500 price tag on the median Summerland home means that it is quite highly priced by Canadian standards.

If you’re looking at investment properties in Summerland, then you’re most likely to find homes with 3 bedrooms on sale this month.

According to our stats, Summerland is the neighbourhood that has the 47th most properties available to real estate investors in British Columbia.

British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

In Summerland, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

The median asking price in Summerland is $249,900, an improvement on the median three months ago which was $249,900 .

Want a cheaply priced house? Then at $249,900 this month, Summerland, British Columbia is a possibility for you price wise.

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

There are 124 neighbourhoods that have more properties on sale than Summerland at the moment in British Columbia which puts the neighbourhood top 40% when looking at the number of properties to choose from.

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

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Find a mortgage broker in Summerland, BC
Beds Median price (House) Median price (Apartment)
1 bedroom $204,950
2 bedrooms $379,900 $242,500
3 bedrooms $439,450 $949,000
4 bedrooms $584,000
5 bedrooms $750,000
6 bedrooms $659,450
Demographics
  • Population in 201111280
  • Population in 200610828
  • 2006 to 2011 population change (%)4.2
  • Total private dwellings5173
  • Private dwellings occupied by usual residents4779
  • Population density per square kilometre152.3
  • Land area (square km)74.06

Age Characteristics

Total population by age groups 11280
0 to 4 years 370
5 to 9 years 495
10 to 14 years 575
15 to 19 years 685
15 years 135
16 years 135
17 years 155
18 years 140
19 years 115
20 to 24 years 470
25 to 29 years 340
30 to 34 years 400
35 to 39 years 500
40 to 44 years 605
45 to 49 years 850
50 to 54 years 935
55 to 59 years 990
60 to 64 years 950
65 to 69 years 720
70 to 74 years 680
75 to 79 years 550
80 to 84 years 525
85 years and over 630
Median age of the population 52
% of the population aged 15 and over 87.2

Marital Status

Total population 15 years and over by marital status 9835
Married or living with a common-law partner 6140
Married (and not separated) 5355
Living common-law 790
Not married and not living with a common-law partner 3690
Single (never legally married) 1800
Separated 250
Divorced 655
Widowed 985

Family Characteristics

Total number of census families in private households 3430
Size of census family: 2 persons 2145
Size of census family: 3 persons 575
Size of census family: 4 persons 500
Size of census family: 5 or more persons 205
Total number of census families in private households 3430
Total couple families by family structure and number of children 3000
Married couples 2610
Without children at home 1605
With children at home 1000
1 child 380
2 children 440
3 or more children 185
Common-law couples 395
Without children at home 265
With children at home 130
1 child 70
2 children 45
3 or more children 10
Total lone-parent families by sex of parent and number of children 425
Female parent 340
1 child 215
2 children 100
3 or more children 20
Male parent 85
1 child 55
2 children 30
3 or more children 5
Total children in census families in private households 2690
Under six years of age 465
6 to 14 years 970
15 to 17 years 420
18 to 24 years 560
25 years and over 280
Average number of children at home per census family 0.8

Household And Dwelling Characteristics

Total number of persons in private households 10875
Number of persons not in census families 1765
Living with relatives 180
Living with non-relatives only 285
Living alone 1300
Number of census family persons 9115
Average number of persons per census family 2.7
Total number of persons 65 years and over in private households 2735
Number of persons not in census families aged 65 years and over 875
Living with relatives 70
Living with non-relatives only 45
Living alone 765
Number of census family persons aged 65 years and over 1860
Total number of private households by household type 4775
Census-family households 3355
One-family-only households 3125
Couple-family households 2785
Without children 1750
With children 1030
Lone-parent-family households 340
Other family households 230
One-family households with persons not in a census family 160
Couple-family households 105
Without children 50
With children 55
Lone-parent-family households 55
Two-or-more-family households 70
Non-census-family households 1425
One-person households 1300
Two-or-more-person households 125
Total number of occupied private dwellings by structural type of dwelling 4775
Single-detached house 3470
Apartment, building that has five or more storeys 0
Movable dwelling 105
Other dwelling 1205
Semi-detached house 150
Row house 315
Apartment, duplex 165
Apartment, building that has fewer than five storeys 560
Other single-attached house 20
Total number of private households by household size 4780
1 person 1300
2 persons 2085
3 persons 595
4 persons 520
5 persons 190
6 or more persons 95
Number of persons in private households 10875
Average number of persons in private households 2.3

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

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