Agate, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Agate, British Columbia is currently experiencing stable growth. The median house price in the area is $500,000, with a year-over-year trend of an increase of 3.5%. This indicates a healthy demand for single-family homes and a steadily appreciating housing market. Meanwhile, the apartment sector shows a median price of $300,000 and is following a slightly slower appreciation trend at 2.1% year-over-year.
With a population of 15,000 that has grown by 7.1%, Agate is becoming an increasingly popular location for both homeowners and renters. This influx suggests a robust local economy and an attractive lifestyle offering that draws people to the area. The sustained population growth also contributes to the demand for housing, which supports the positive price trends observed in the market.
Investment Opportunities and Potential
The consistent rise in property values combined with significant population growth positions Agate as an appealing area for real estate investment. Single-family homes show stronger appreciation and may offer higher potential returns for long-term investors. Additionally, with a growing population, rental properties could also be lucrative due to increased demand for housing options.
Investors should take note of the current trends and consider diversifying their portfolio with properties in Agate. The steady market conditions imply that investments made now could benefit from continuous appreciation over time. Furthermore, new development projects tailored to meet the needs of the increasing population could present opportunities for those looking to invest in new construction.
Future Market Outlook
The future real estate market outlook for Agate remains optimistic based on current data. Considering the ongoing population growth and its impact on housing demand, it is anticipated that both house and apartment prices will continue to rise at a modest yet steady rate.
As more individuals and families are attracted to Agate’s lifestyle and economic opportunities, there will likely be sustained pressure on the housing supply, potentially leading to further market growth and investment potential. However, investors should stay vigilant about broader economic conditions as well as local developments that could influence future trends.
In conclusion, Agate represents a real estate market with solid fundamentals backed by consistent growth in property values and population numbers. Prospective buyers and investors are encouraged to consider these positive indicators when making decisions in this active British Columbian community.
