Carmi, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,400 |
| Population Change | 4.2% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Carmi, British Columbia is currently experiencing modest growth. The median house price in the area stands at $495,000, reflecting a year-over-year increase of 3.3%. This upward trend indicates a steady demand for houses in the region. Similarly, apartments are also seeing a positive trend with the median apartment price at $295,000 and a 2% increase over the past year. These statistics suggest a balanced market that is growing at a sustainable pace.
Investment Opportunities and Potential
Investors looking at Carmi can find potential in both the housing and apartment sectors. With consistent growth in prices, investing in property here could lead to capital gains over time. The steady population growth of 4.2% adds to the investment appeal, as it may signal ongoing or future demand for housing due to an increasing number of residents. Investors should consider the long-term development plans for the area, local economic drivers, and demographic trends when evaluating the potential for rental income and property value appreciation.
Future Market Outlook
The future outlook of Carmi’s real estate market appears optimistic based on current trends and demographic data. The ongoing population growth suggests that there will be sustained demand for housing which could drive property values further up. However, investors and prospective buyers should keep an eye on external economic factors that may influence interest rates and affordability which could impact the rate of market growth. Overall, if current trends persist, Carmi’s real estate market may continue its gradual ascent in valuation over the coming years.
