Danskin, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| 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 | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Danskin, British Columbia, the real estate market is currently experiencing steady growth. The median house price stands at $525,000, with a year-over-year increase of 4%. This growth rate suggests a healthy demand for single-family homes within the area. Similarly, the apartment sector is also witnessing an upward trend with the median apartment price reaching $315,000 and a slightly lower growth rate of 2.5% year-over-year.
These trends indicate a balanced market that is expanding at a sustainable pace. The population of Danskin has grown to 15,500 residents, marking an impressive growth rate of 3.3%. This demographic change is likely contributing to the increased demand for housing in both the private home and apartment sectors.
Investment Opportunities and Potential
The consistent rise in property values in Danskin provides a promising landscape for real estate investment. Single-family homes, given their higher growth rate in value, present a particularly attractive opportunity for long-term capital gains. Investors might also consider entering the apartment market due to its steady appreciation and potential for rental income, which could be increasingly lucrative as the local population continues to grow.
Potential investors should note that Danskin’s growing population may lead to further development and infrastructure improvements, potentially increasing property values over time. The current trends suggest that investing in Danskin’s real estate market could yield positive returns both from asset appreciation and rental income perspectives.
Future Market Outlook
The future outlook for Danskin’s real estate market appears optimistic. With solid population growth of 3.3%, there is an underlying demand that should sustain property sales and values. If current trends persist, it is reasonable to expect that both house and apartment prices will continue to rise at a similar or potentially greater pace due to compounding effects.
As more people are attracted to Danskin’s lifestyle and economic opportunities, the need for housing could accelerate growth in the construction sector, leading to new developments that may cater to diverse buyer preferences. Investors considering entry into the market would be advised to monitor such developments closely as they may influence both short-term volatility and long-term growth trends in the region’s property values.
