Darcy, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
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 Darcy, British Columbia, the real estate market is exhibiting a stable growth pattern. The median house price in the region currently stands at $550,000, showcasing a year-over-year increase of 4%. This suggests a steady demand for housing in the area which may be driven by both local factors and broader provincial trends.
Apart from houses, the apartment sector is also experiencing growth but at a slightly more modest pace. The median apartment price is noted to be $320,000, with an annual uptick of 2.5%. This difference in growth rates between houses and apartments could indicate a stronger preference for single-family homes or potentially point to a saturation in the apartment market segment.
The population of Darcy stands at 15,500 residents with a notable growth rate of 3.3%. This demographic expansion can be an underlying force propelling the demand for housing and contributing to the observed pricing trends.
Investment Opportunities and Potential
The positive trajectory in house prices combined with consistent population growth provides an optimistic environment for investment opportunities in Darcy. Investors focusing on long-term capital appreciation may find particular value in the single-family home market given its higher growth rate. Rental properties could also benefit from the increasing population if this trend continues, as demand for rental units is likely to rise.
However, investors should exercise due diligence considering the slower growth rate seen in apartment prices. Thorough market analysis might reveal niche opportunities within this segment or prompt investors to diversify their portfolios to mitigate risks associated with any potential market adjustments.
Future Market Outlook
The future of Darcy’s real estate market appears promising given current trends and demographic indicators. The sustained population growth positions the town for continued demand in housing which could support further price increases unless there is a matching upsurge in new construction or external economic factors apply downward pressure.
Overall, while external economic conditions remain uncertain, local indicators such as steady population increase and consistent price growth suggest that Darcy’s real estate market has solid fundamentals that may continue to attract buyers and investors alike. Stakeholders should keep abreast of regional economic policies, infrastructure developments, and housing supply changes which could influence future market dynamics.
