Celista, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 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 | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Celista, British Columbia is currently experiencing steady growth. With a median house price of $520,000, the market has seen a year-over-year increase of 4.2%. This indicates a healthy demand for housing in the area, likely driven by both local factors and broader provincial trends. Similarly, the median apartment price stands at $320,000, reflecting a slightly lower year-over-year increase of 2.8%. These figures suggest that while the market is growing for both houses and apartments, single-family homes are seeing a slightly higher rate of appreciation.
The population of Celista has reached approximately 15,500 residents, witnessing a growth rate of 3.3%. This population increase is potentially contributing to the demand for housing and could be one of the driving forces behind the observed price trends. The combination of rising prices and an increasing population suggests that Celista’s real estate market is active and may continue to attract attention from buyers and investors alike.
Investment Opportunities and Potential
Given the steady rise in property values and the ongoing population growth, Celista presents several promising investment opportunities. Investors looking at long-term capital gains might find the single-family housing market particularly attractive due to its higher appreciation rate. Rental properties could also be a viable option as more people move into the area, potentially enhancing demand for apartments and rental homes.
Moreover, with median prices still accessible compared to larger urban centers in British Columbia, Celista offers potential for investors seeking entry into the market without facing prohibitively high initial costs. The key will be identifying properties that offer both value retention and potential for rental income or resale at higher prices as the market continues to expand.
Future Market Outlook
Looking towards the future, there are several indicators that point toward continued growth in Celista’s real estate market. The consistent population growth rate of 3.3% suggests an ongoing demand for new housing. If this trend persists alongside economic stability within the region, it is reasonable to anticipate that both house and apartment prices may continue their upward trajectory.
However, potential investors should remain mindful of broader economic conditions, changes in interest rates, and regional development policies that could impact market dynamics. It will be essential to stay informed on local and national shifts that could influence buyer behavior and investment returns.
In summary, while current conditions are favorable for real estate investment in Celista, careful analysis and due diligence remain critical components for successful ventures in this market.
