Chase, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 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 | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Chase, British Columbia, the real estate market is currently experiencing steady growth. The median house price stands at $525,000, reflecting a year-over-year increase of 4.2%. This increment suggests a healthy demand for housing in the area. Similarly, the market for apartments is also showing positive momentum with a median price of $320,000 and a more modest year-over-year growth rate of 2.5%. Contributing to these trends is the area’s population growth, which is reported at 3.3%, indicating an expanding community that may continue to drive demand for housing in the foreseeable future.
Investment Opportunities and Potential
The real estate market in Chase presents attractive investment opportunities given its consistent upward trend in property values. For investors looking at long-term capital appreciation prospects, single-family homes represent a potential avenue as they have shown stronger growth compared to apartments. Furthermore, with a growing population that outpaces many other regions, there is potential for both rental market expansion and further property value increases. Investors might also consider exploring new residential developments or renovations in established neighborhoods to cater to the influx of residents seeking quality housing.
Future Market Outlook
The future outlook for Chase’s real estate market appears promising. The sustained population growth rate of 3.3% signals ongoing demand for housing and may bolster continued property value appreciation. Assuming the local economy remains stable and supportive of the housing market, we can anticipate a continuation of the current trends with gradual price increases for both houses and apartments. However, prospective investors should monitor economic indicators such as employment rates and infrastructure developments, as these will play critical roles in shaping the future of the real estate market in Chase.
