Agassiz, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Agassiz, British Columbia, is currently experiencing steady growth. With a median house price of $525,000, the market has seen a modest year-over-year increase of 4%. Meanwhile, the median apartment price stands at $320,000, which has also grown by 2.5% over the past year. This suggests a healthy demand for housing in both segments of the market.
The population of Agassiz has reached approximately 15,500 residents and continues to grow at a rate of 3.3%. This above-average population growth is likely contributing to the sustained demand for housing and could indicate a tightening market with potential upward pressure on prices if the growth continues.
Investment Opportunities and Potential
Given the current trends in Agassiz’s housing market, investment opportunities appear promising, particularly in residential properties. The consistent increase in median house and apartment prices indicates a strong and stable market that may appeal to both short-term investors looking for capital gains and long-term investors seeking rental income.
The population growth has not only led to an increased demand for housing but also suggests potential for future development projects to accommodate the expanding community. Investors may find opportunities in both existing properties and new developments that could cater to newcomers as well as local residents looking to upgrade or downsize their living spaces.
Future Market Outlook
The future outlook for Agassiz’s real estate market appears positive. The combination of steady price increases and robust population growth positions the market for continued expansion. However, investors and potential homeowners should be mindful of broader economic factors such as interest rates, employment rates, and regional economic development that could impact the market dynamics.
If current trends persist, we can anticipate further increases in property values. Nonetheless, it is crucial for stakeholders to conduct thorough due diligence and stay informed about local and national policies that might affect the real estate environment in Agassiz.
