Agate, 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 | 0.6% |
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 | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
With a median house price of $520,000 and showing a year-over-year increase of 4%, the real estate market in Agate, British Columbia, exhibits steady growth. Similarly, the median apartment price stands at $320,000, with a more modest yet consistent appreciation of 2.5% over the same period. These trends suggest a healthy demand for residential properties in Agate. The population growth rate is strong at 3.3%, which is likely to sustain demand for housing in the area and could continue to exert upward pressure on property values.
Investment Opportunities and Potential
The current market dynamics indicate that Agate offers promising investment opportunities. The steady increase in property values coupled with robust population growth point towards a market with solid fundamentals. Investors may find particular value in residential properties, given the consistent appreciation rates. Furthermore, new development projects or renovations of existing properties could cater to the growing population’s needs and preferences, potentially yielding attractive returns.
Future Market Outlook
Looking forward, the Agate real estate market appears poised for continued growth. The sustained population increase should maintain or potentially increase demand for housing. Given historical trends and current data, it is reasonable to expect that both house and apartment prices may continue to rise at a steady pace. Local economic factors and broader national economic conditions will also play significant roles in shaping the future market outlook. Investors and potential homeowners should monitor these variables closely while considering long-term commitments to this market.
