Agassiz, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 6,000 |
| 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 a stable growth pattern. The median house price stands at $520,000, reflecting a year-over-year increase of 4%. This indicates a steady demand for housing in the area. Similarly, the median price for apartments has risen to $320,000, with a slightly lower growth rate of 2.5% year-over-year. Such growth is consistent with the overall positive sentiment in the market.
The population of Agassiz has reached approximately 15,500 residents, with a robust growth rate of 3.3%. The increasing population suggests that there is an influx of residents which could be attributed to various factors such as employment opportunities, lifestyle preferences, or regional developments that make Agassiz an attractive place to live.
Investment Opportunities and Potential
The current market conditions point towards promising investment opportunities in Agassiz’s real estate sector. With continuous population growth and steady appreciation in property values, both residential houses and apartments represent potential investment assets. The consistent year-over-year price increases suggest that investing in property now could yield favorable returns over time.
Investors should also consider the diversification potential within the local real estate market. Given the more moderate price point for apartments, there is an opportunity to cater to different segments of the market—from first-time homebuyers or downsizers to rental investors seeking to capitalize on the demand for more affordable living options.
Future Market Outlook
The future outlook for Agassiz’s real estate market appears optimistic. The sustained population growth combined with ongoing development suggests that demand for housing will remain robust. If current trends persist, property values are likely to continue their upward trajectory.
However, potential investors and homeowners should be mindful of external economic factors that could impact mortgage rates, employment stability, and overall affordability which in turn may influence the real estate market dynamics.
In conclusion, with strategic planning and consideration of broader economic indicators, stakeholders can look forward to engaging with a growing market that offers both stability and opportunity for investment.
