Danskin, 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 Danskin, British Columbia, is currently experiencing moderate growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This indicates a steady demand for housing and a stable market environment. The median apartment price is slightly lower at $300,000, showing a more modest year-over-year growth of 2.1%. These trends suggest that while the market for detached homes is more vigorous, there is also consistent interest in apartment living.
Investment Opportunities and Potential
The ongoing growth in property values suggests that Danskin offers promising investment opportunities. With the population growing at a rate of 7.1%, demand for housing is likely to continue to rise. This demographic trend could be particularly beneficial for investors looking to enter the rental market or develop new residential projects. Additionally, the differential in growth rates between house prices and apartment prices may point towards a potential gap in the market that could be exploited by developing high-quality apartments aimed at buyers looking for more affordable housing options.
Future Market Outlook
Looking ahead, the real estate market in Danskin appears poised for continued growth. The strong population increase signals sustained demand for housing, which should support both property values and rental rates. Given the current trends, it’s reasonable to expect that the housing market will maintain its upward trajectory, making it an attractive location for both homebuyers and investors seeking long-term appreciation of their assets.
