Real Estate Market Report for
Salmo, BC

Updated : Aug 2016
House
  • Median price $249,900
  • Monthly growth -0.04 %
  • Quarterly trend
  • Stock on market 4.58%
Apartment
  • Median price $967,000
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.37%
Salmo Home Price

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Salmo was Canada’s 2058th most expensive suburb by listed median house price this month.

The $249,900 price tag on the median Salmo home means that it is about average price.

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

This month we track 138th neighbourhoods in British Columbia, and Salmo has the 138th most choice available for real estate investors.

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

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Salmo there is more stock than three months ago. This would indicate pressure on prices easing.

When looking across the province, Salmo is the 1st most expensive in British Columbia.

The $967,000 price tag on the median Salmo home means that it is quite highly priced by Canadian standards.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

From our data, it appears that neighbourhood is number 838th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.

Is Salmo a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

Beds Median price (House) Median price (Apartment)
2 bedrooms $242,500
3 bedrooms $245,900
4 bedrooms $249,500
5 bedrooms $446,950
Demographics
  • Population in 20111139
  • Population in 20061007
  • 2006 to 2011 population change (%)13.1
  • Total private dwellings546
  • Private dwellings occupied by usual residents519
  • Population density per square kilometre466.2
  • Land area (square km)2.44
  • Age Characteristics
    Total population by age groups 1140
    0 to 4 years 60
    5 to 9 years 70
    10 to 14 years 60
    15 to 19 years 60
    15 years 10
    16 years 5
    17 years 15
    18 years 20
    19 years 10
    20 to 24 years 35
    25 to 29 years 60
    30 to 34 years 75
    35 to 39 years 65
    40 to 44 years 65
    45 to 49 years 80
    50 to 54 years 105
    55 to 59 years 90
    60 to 64 years 90
    65 to 69 years 70
    70 to 74 years 60
    75 to 79 years 35
    80 to 84 years 30
    85 years and over 25
    Median age of the population 45.7
    % of the population aged 15 and over 83.1
  • Marital Status
    Total population 15 years and over by marital status 945
    Married or living with a common-law partner 535
    Married (and not separated) 400
    Living common-law 130
    Not married and not living with a common-law partner 415
    Single (never legally married) 200
    Separated 50
    Divorced 85
    Widowed 85
    Family Characteristics
    Total number of census families in private households 330
    Size of census family: 2 persons 185
    Size of census family: 3 persons 75
    Size of census family: 4 persons 50
    Size of census family: 5 or more persons 20
    Total number of census families in private households 330
    Total couple families by family structure and number of children 265
    Married couples 200
    Without children at home 115
    With children at home 85
    1 child 35
    2 children 30
    3 or more children 15
    Common-law couples 65
    Without children at home 30
    With children at home 35
    1 child 15
    2 children 15
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 70
    Female parent 45
    1 child 30
    2 children 15
    3 or more children 5
    Male parent 25
    1 child 10
    2 children 10
    3 or more children 0
    Total children in census families in private households 305
    Under six years of age 75
    6 to 14 years 120
    15 to 17 years 35
    18 to 24 years 45
    25 years and over 45
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 1130
    Number of persons not in census families 230
    Living with relatives 20
    Living with non-relatives only 30
    Living alone 180
    Number of census family persons 905
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 220
    Number of persons not in census families aged 65 years and over 85
    Living with relatives 10
    Living with non-relatives only 5
    Living alone 70
    Number of census family persons aged 65 years and over 135
    Total number of private households by household type 520
    Census-family households 325
    One-family-only households 305
    Couple-family households 250
    Without children 140
    With children 110
    Lone-parent-family households 55
    Other family households 20
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 0
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 5
    Non-census-family households 195
    One-person households 180
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 520
    Single-detached house 395
    Apartment, building that has five or more storeys 0
    Movable dwelling 60
    Other dwelling 70
    Semi-detached house 5
    Row house 25
    Apartment, duplex 10
    Apartment, building that has fewer than five storeys 35
    Other single-attached house 0
    Total number of private households by household size 515
    1 person 180
    2 persons 185
    3 persons 70
    4 persons 55
    5 persons 25
    6 or more persons 5
    Number of persons in private households 1135
    Average number of persons in private households 2.2
Census 2011

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