Celista, 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 Celista, British Columbia, currently presents a stable environment for both homeowners and investors. With a median house price of $500,000, the market has experienced a modest year-over-year increase of 3.5%. This indicates healthy growth that aligns with the region’s economic stability and attractiveness to potential buyers. In comparison, the median apartment price sits at $300,000, with a slightly lower growth rate of 2.1% year-over-year. This slower rate of increase for apartments may reflect a higher demand for detached homes or could indicate an opportunity for investors looking to capitalize on more affordable multifamily units.
Investment Opportunities and Potential
The investment landscape in Celista is promising given its steady population growth of 7.1%, which is significantly higher than many other regions. With the population now standing at around 15,000 residents, there is an increasing demand for housing. Investors may find opportunities in both the standalone home and apartment sectors due to ongoing demand driven by population increases.
Considering the overall housing price trends, investing in single-family homes could yield considerable returns as the market continues to appreciate steadily. On the other hand, apartments offer a more accessible entry point for investors and may appeal to those seeking rental income in a growing community.
Future Market Outlook
The future market outlook for Celista remains optimistic. The consistent growth in housing prices suggests that the real estate market is likely to maintain its upward trajectory. Given the robust population growth coupled with economic stability, demand for housing is expected to persist, potentially pushing prices upward over time.
Economic diversification and development initiatives within the broader region can further bolster this positive outlook. Investors and homebuyers alike should monitor regional economic indicators and infrastructure developments closely as these factors will likely influence future real estate values in Celista.
