Real Estate Market Report for
Wells, BC

Updated : Aug 2016
House
  • Median price $378,450
  • Monthly growth 24.12 %
  • Quarterly trend
  • Stock on market 3.28%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Wells Home Price

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The $378,450 price tag on the median Wells home means that it is quite highly priced by Canadian standards.

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

There are 359 neighbourhoods that have more properties on sale than Wells at the moment in British Columbia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

Can we guarantee how well Wells 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.

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 Wells, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 5, this month we show 6.

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

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Beds Median price (House) Median price (Apartment)
3 bedrooms $377,000
Demographics
  • Population in 2011245
  • Population in 2006236
  • 2006 to 2011 population change (%)3.8
  • Total private dwellings183
  • Private dwellings occupied by usual residents129
  • Population density per square kilometre1.5
  • Land area (square km)158.28
  • Age Characteristics
    Total population by age groups 245
    0 to 4 years 15
    5 to 9 years 10
    10 to 14 years 5
    15 to 19 years 0
    15 years 0
    16 years 0
    17 years 5
    18 years 0
    19 years 0
    20 to 24 years 10
    25 to 29 years 15
    30 to 34 years 20
    35 to 39 years 10
    40 to 44 years 10
    45 to 49 years 20
    50 to 54 years 35
    55 to 59 years 30
    60 to 64 years 25
    65 to 69 years 20
    70 to 74 years 10
    75 to 79 years 0
    80 to 84 years 5
    85 years and over 0
    Median age of the population 49.9
    % of the population aged 15 and over 86.5
  • Marital Status
    Total population 15 years and over by marital status 210
    Married or living with a common-law partner 125
    Married (and not separated) 75
    Living common-law 50
    Not married and not living with a common-law partner 90
    Single (never legally married) 45
    Separated 10
    Divorced 30
    Widowed 5
    Family Characteristics
    Total number of census families in private households 65
    Size of census family: 2 persons 40
    Size of census family: 3 persons 15
    Size of census family: 4 persons 10
    Size of census family: 5 or more persons 0
    Total number of census families in private households 65
    Total couple families by family structure and number of children 60
    Married couples 35
    Without children at home 25
    With children at home 15
    1 child 10
    2 children 5
    3 or more children 0
    Common-law couples 25
    Without children at home 15
    With children at home 5
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 5
    Female parent 5
    1 child 5
    2 children 0
    3 or more children 0
    Male parent 0
    1 child 0
    2 children 0
    3 or more children 0
    Total children in census families in private households 40
    Under six years of age 20
    6 to 14 years 15
    15 to 17 years 0
    18 to 24 years 5
    25 years and over 0
    Average number of children at home per census family 0.6
  • Household And Dwelling Characteristics
    Total number of persons in private households 240
    Number of persons not in census families 75
    Living with relatives 0
    Living with non-relatives only 15
    Living alone 60
    Number of census family persons 165
    Average number of persons per census family 2.5
    Total number of persons 65 years and over in private households 35
    Number of persons not in census families aged 65 years and over 15
    Living with relatives 0
    Living with non-relatives only 0
    Living alone 20
    Number of census family persons aged 65 years and over 15
    Total number of private households by household type 130
    Census-family households 65
    One-family-only households 60
    Couple-family households 55
    Without children 35
    With children 20
    Lone-parent-family households 0
    Other family households 0
    One-family households with persons not in a census family 0
    Couple-family households 0
    Without children 0
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 5
    Non-census-family households 65
    One-person households 60
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 130
    Single-detached house 90
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 35
    Semi-detached house 0
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 35
    Other single-attached house 0
    Total number of private households by household size 125
    1 person 60
    2 persons 45
    3 persons 15
    4 persons 5
    5 persons 5
    6 or more persons 0
    Number of persons in private households 240
    Average number of persons in private households 1.9
Census 2011

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