Crescent, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $950,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.3% |
| Stock on market | 0.6% |
Apartment
| Median price | $450,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $850,000 |
| 3 bedrooms | $950,000 |
| 4 bedrooms | $1,200,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $400,000 |
| 2 bedrooms | $475,000 |
| 3 bedrooms | $525,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 7,000 |
| Occupied Private Dwellings | 6,500 |
| Population Density (per km²) | 1.8 |
| Land Area (km²) | 2,800.0 |
Market Analysis
Current Market Conditions and Trends
In Crescent, British Columbia, the real estate market is currently experiencing steady growth. The median house price stands at $950,000, marking a year-over-year increase of 4.3%. This growth indicates a healthy demand for housing in the area, potentially driven by local economic factors and buyer interest in residential properties.
Similarly, the apartment sector has shown resilience with the median apartment price reaching $450,000, which is up by 2.9% from the previous year. These statistics reflect an ongoing interest in more affordable and versatile housing options within Crescent’s real estate market.
Investment Opportunities and Potential
The population of Crescent has grown to 16,000 residents, showcasing a robust 3.2% increase. This escalating population trend can be indicative of greater rental demand, thereby presenting significant investment opportunities in both the residential housing and apartment sectors.
The consistent rise in property values coupled with the growing population suggests that investments in Crescent’s real estate could yield promising returns. For investors looking at long-term capital appreciation, purchasing single-family homes might be particularly advantageous due to the higher growth rate in this segment. Meanwhile, investing in apartments could be attractive for those seeking rental income given the more modest but stable increase in valuation.
Future Market Outlook
The future market outlook for Crescent appears optimistic. Assuming that current trends persist, including population growth and economic stability, it is likely that both housing prices and apartment values will continue their upward trajectory. This would further solidify Crescent as an appealing location for real estate investment.
However, potential investors must also consider external economic factors such as interest rates and employment levels which could impact future market conditions. As with any investment decision, it is essential to conduct thorough research and consider professional advice tailored to individual financial circumstances.
