Coombs, 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 Coombs, British Columbia, is experiencing a period of steady growth. The median house price in the area stands at $500,000, reflecting a year-over-year increase of 3.5%. This rise indicates a healthy demand for single-family homes in a market that remains robust despite broader economic uncertainties.
Apartments in Coombs are more affordable, with a median price of $300,000, which has climbed 2.1% over the past year. This slower growth rate compared to houses suggests a slightly softer market for apartments, yet still points towards an overall positive trajectory for real estate assets in the region.
The population of Coombs has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. This rapid expansion underscores the increasing attractiveness of the area and its potential to sustain real estate demand over time.
Investment Opportunities and Potential
Given the current market conditions and demographic trends, Coombs presents several promising investment opportunities. The consistent appreciation in house prices indicates a strong potential for capital gains on residential property investments. Investors looking to enter the market could benefit from focusing on single-family homes that are currently showing a stronger performance than apartments.
The significant population growth further reinforces the investment potential as it may lead to sustained or increased demand for housing, both rental and owner-occupied. Those considering developing new residential projects or renovating existing properties might find ample opportunities given the influx of new residents seeking accommodation.
Future Market Outlook
The future outlook for Coombs’ real estate market remains optimistic. The sustained population increase is expected to continue driving demand for housing across all sectors. If current trends persist, we can anticipate further gradual increases in property values for both houses and apartments.
Economic factors such as interest rates, employment rates, and regional development will play crucial roles in shaping the trajectory of the market. However, given Coombs’ ongoing appeal as a place to live and work, coupled with its relatively affordable housing options compared to larger urban centers, it is likely that the real estate market will maintain its upward trend in the foreseeable future.
In conclusion, Coombs represents an attractive market for both homeowners and investors alike. With careful attention to economic indicators and continued monitoring of demographic shifts, stakeholders can make well-informed decisions that capitalize on this region’s growing potential.
