Real Estate Market Report for
Lumby, BC

Updated : Aug 2016
House
  • Median price $504,450
  • Monthly growth 61.68 %
  • Quarterly trend
  • Stock on market 7.67%
Apartment
  • Median price $219,450
  • Monthly growth 15.56 %
  • Quarterly trend
  • Stock on market 1.06%
Lumby Home Price

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While the median for British Columbia is $519,000 , which means that Lumby’s median price is $504,450 considerably better than the rest of the province.

Lumby’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lumby will hopefully provide an indicator to help you where to research in-depth

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.

Lumby was Canada’s 478th most expensive suburb by listed median house price this month.

The $219,450 price tag on the median Lumby home means that it is about average price.

Investors looking for properties in Lumby are most likely to find 2 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.

This month we track 79th neighbourhoods in British Columbia, and Lumby has the 79th most choice available for real estate investors.

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

Beds Median price (House) Median price (Apartment)
2 bedrooms $278,500 $147,950
3 bedrooms $474,900 $189,900
4 bedrooms $668,000
5 bedrooms $459,000
6 bedrooms $484,900
Demographics
  • Population in 20111731
  • Population in 20061634
  • 2006 to 2011 population change (%)5.9
  • Total private dwellings756
  • Private dwellings occupied by usual residents716
  • Population density per square kilometre301.6
  • Land area (square km)5.74
  • Age Characteristics
    Total population by age groups 1730
    0 to 4 years 130
    5 to 9 years 105
    10 to 14 years 90
    15 to 19 years 100
    15 years 25
    16 years 20
    17 years 15
    18 years 20
    19 years 15
    20 to 24 years 75
    25 to 29 years 110
    30 to 34 years 115
    35 to 39 years 90
    40 to 44 years 95
    45 to 49 years 125
    50 to 54 years 120
    55 to 59 years 120
    60 to 64 years 110
    65 to 69 years 125
    70 to 74 years 85
    75 to 79 years 60
    80 to 84 years 50
    85 years and over 20
    Median age of the population 42.9
    % of the population aged 15 and over 81.5
  • Marital Status
    Total population 15 years and over by marital status 1405
    Married or living with a common-law partner 905
    Married (and not separated) 710
    Living common-law 195
    Not married and not living with a common-law partner 505
    Single (never legally married) 275
    Separated 50
    Divorced 95
    Widowed 85
    Family Characteristics
    Total number of census families in private households 520
    Size of census family: 2 persons 295
    Size of census family: 3 persons 95
    Size of census family: 4 persons 95
    Size of census family: 5 or more persons 35
    Total number of census families in private households 515
    Total couple families by family structure and number of children 455
    Married couples 355
    Without children at home 220
    With children at home 140
    1 child 55
    2 children 70
    3 or more children 15
    Common-law couples 95
    Without children at home 45
    With children at home 55
    1 child 25
    2 children 20
    3 or more children 15
    Total lone-parent families by sex of parent and number of children 65
    Female parent 50
    1 child 25
    2 children 20
    3 or more children 10
    Male parent 15
    1 child 10
    2 children 0
    3 or more children 5
    Total children in census families in private households 465
    Under six years of age 150
    6 to 14 years 165
    15 to 17 years 55
    18 to 24 years 60
    25 years and over 30
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 1720
    Number of persons not in census families 290
    Living with relatives 50
    Living with non-relatives only 60
    Living alone 180
    Number of census family persons 1435
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 345
    Number of persons not in census families aged 65 years and over 110
    Living with relatives 10
    Living with non-relatives only 10
    Living alone 90
    Number of census family persons aged 65 years and over 230
    Total number of private households by household type 715
    Census-family households 510
    One-family-only households 465
    Couple-family households 410
    Without children 240
    With children 170
    Lone-parent-family households 55
    Other family households 45
    One-family households with persons not in a census family 40
    Couple-family households 30
    Without children 10
    With children 15
    Lone-parent-family households 10
    Two-or-more-family households 5
    Non-census-family households 205
    One-person households 180
    Two-or-more-person households 25
    Total number of occupied private dwellings by structural type of dwelling 715
    Single-detached house 520
    Apartment, building that has five or more storeys 0
    Movable dwelling 50
    Other dwelling 150
    Semi-detached house 75
    Row house 50
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 20
    Other single-attached house 0
    Total number of private households by household size 715
    1 person 180
    2 persons 290
    3 persons 110
    4 persons 95
    5 persons 35
    6 or more persons 15
    Number of persons in private households 1725
    Average number of persons in private households 2.4
Census 2011

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