Real Estate Market Report for
Port Alberni, BC

Updated : Aug 2016
House
  • Median price $244,900
  • Monthly growth 4.21 %
  • Quarterly trend
  • Stock on market 2.20%
Apartment
  • Median price $189,450
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.17%
Port Alberni Home Price

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Across the nation CREW lists data for 5162 neighbourhoods, and this month Port Alberni is number 2155 putting it in the top half of the country .

While the median for British Columbia is $519,000 , which means that Port Alberni’s median price is $244,900 better than average than the rest of the province.

3 bedroom properties are the most common available for real estate investors this month in neighbourhood.

There are 359 neighbourhoods that have more properties on sale than Port Alberni at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

Can we guarantee how well Port Alberni is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Port Alberni there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

Canada’s national median home listing price this month is $244,900, which means that Port Alberni is in the bottom 40% for Canada.

With Port Alberni’s median house price at $189,450 in Aug , it is below average compared to the rest of British Columbia.

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

British Columbia has the third most amount of properties available to property investors, with Port Alberni having 66th most in the province, out of a total of 124.

It’s never an exact art, but to try to forecast how property is going to appreciate in Port Alberni for investors, it’s important to look at data like:

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 Port Alberni, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 18, this month we show 14.

Beds Median price (House) Median price (Apartment)
1 bedroom $122,000
2 bedrooms $165,000 $134,900
3 bedrooms $239,900 $174,700
4 bedrooms $254,950
5 bedrooms $282,200 $239,900
6 bedrooms $239,450 $311,950
Demographics
  • Population in 201117743
  • Population in 200617548
  • 2006 to 2011 population change (%)1.1
  • Total private dwellings8428
  • Private dwellings occupied by usual residents7942
  • Population density per square kilometre897.9
  • Land area (square km)19.76
  • Age Characteristics
    Total population by age groups 17740
    0 to 4 years 940
    5 to 9 years 900
    10 to 14 years 1005
    15 to 19 years 1105
    15 years 240
    16 years 220
    17 years 220
    18 years 195
    19 years 230
    20 to 24 years 805
    25 to 29 years 830
    30 to 34 years 950
    35 to 39 years 945
    40 to 44 years 1025
    45 to 49 years 1255
    50 to 54 years 1440
    55 to 59 years 1515
    60 to 64 years 1355
    65 to 69 years 1130
    70 to 74 years 855
    75 to 79 years 710
    80 to 84 years 490
    85 years and over 475
    Median age of the population 46.6
    % of the population aged 15 and over 83.9
  • Marital Status
    Total population 15 years and over by marital status 14895
    Married or living with a common-law partner 8310
    Married (and not separated) 6815
    Living common-law 1500
    Not married and not living with a common-law partner 6585
    Single (never legally married) 3575
    Separated 500
    Divorced 1325
    Widowed 1180
    Family Characteristics
    Total number of census families in private households 5120
    Size of census family: 2 persons 3110
    Size of census family: 3 persons 990
    Size of census family: 4 persons 715
    Size of census family: 5 or more persons 310
    Total number of census families in private households 5125
    Total couple families by family structure and number of children 4075
    Married couples 3335
    Without children at home 2060
    With children at home 1275
    1 child 540
    2 children 520
    3 or more children 215
    Common-law couples 745
    Without children at home 415
    With children at home 330
    1 child 155
    2 children 105
    3 or more children 75
    Total lone-parent families by sex of parent and number of children 1045
    Female parent 805
    1 child 475
    2 children 240
    3 or more children 90
    Male parent 235
    1 child 160
    2 children 50
    3 or more children 25
    Total children in census families in private households 4510
    Under six years of age 1100
    6 to 14 years 1660
    15 to 17 years 635
    18 to 24 years 665
    25 years and over 450
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 17395
    Number of persons not in census families 3685
    Living with relatives 390
    Living with non-relatives only 630
    Living alone 2660
    Number of census family persons 13710
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 3435
    Number of persons not in census families aged 65 years and over 1175
    Living with relatives 80
    Living with non-relatives only 50
    Living alone 1050
    Number of census family persons aged 65 years and over 2260
    Total number of private households by household type 7940
    Census-family households 5035
    One-family-only households 4595
    Couple-family households 3775
    Without children 2315
    With children 1460
    Lone-parent-family households 825
    Other family households 445
    One-family households with persons not in a census family 360
    Couple-family households 200
    Without children 95
    With children 105
    Lone-parent-family households 160
    Two-or-more-family households 80
    Non-census-family households 2905
    One-person households 2660
    Two-or-more-person households 240
    Total number of occupied private dwellings by structural type of dwelling 7945
    Single-detached house 5665
    Apartment, building that has five or more storeys 105
    Movable dwelling 105
    Other dwelling 2065
    Semi-detached house 235
    Row house 380
    Apartment, duplex 240
    Apartment, building that has fewer than five storeys 1195
    Other single-attached house 15
    Total number of private households by household size 7940
    1 person 2665
    2 persons 3015
    3 persons 1060
    4 persons 750
    5 persons 310
    6 or more persons 155
    Number of persons in private households 17395
    Average number of persons in private households 2.2
Census 2011

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