Darcy, 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 in Darcy, British Columbia
The real estate market in Darcy, British Columbia is currently exhibiting steady growth. The median house price stands at $500,000, representing a year-over-year increase of 3.5%. This trend indicates a healthy demand for housing that has persisted despite various economic pressures. Similarly, the median apartment price has seen a rise to $300,000, with a slightly lower year-over-year growth rate of 2.1%. These statistics reflect a balanced expansion across different housing types within the area.
Darcy’s population has grown to 15,000 residents, with a significant population growth rate of 7.1%. This influx of new residents may be serving as a catalyst for the observed real estate market growth, as an increasing population typically correlates with heightened demand for housing.
Investment Opportunities and Potential in Darcy, British Columbia
Given the current market trends and population boom, Darcy presents several attractive investment opportunities. The consistent increase in property values suggests that investing in residential real estate could yield substantial returns over time. Both long-term rental strategies and short-term flips could be potentially lucrative given the market’s robust growth.
The disparity in growth rates between houses and apartments might indicate a specific opportunity within the single-family home market, which appears to be appreciating at a faster rate. Investors could capitalize on this trend by targeting detached and semi-detached properties which are likely to benefit from greater appreciation.
Future Market Outlook for Darcy, British Columbia
The future outlook for Darcy’s real estate market remains optimistic. The continued population growth suggests sustained demand for housing in the foreseeable future. Assuming similar economic conditions persist, one can reasonably expect both house and apartment prices to maintain their upward trajectory.
The current trends also hint at ongoing development and investment within the region which should support real estate values. However, investors should remain cognizant of broader economic factors such as interest rates and employment levels that could influence buyer affordability and thus impact the market dynamics.
In conclusion, while external economic factors could affect the trajectory of the market to some extent, Darcy’s strong population growth coupled with steady price appreciation points towards a positive outlook for both buyers and investors in the region’s real estate market.
