Dashwood, 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 Dashwood, British Columbia, is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year price increase of 3.5%, the market shows a healthy upward trend that suggests a strong demand for housing in the area. Apartments are also following a similar pattern, with a median price set at $300,000 and experiencing a 2.1% increase from the previous year. This moderate growth in apartment prices indicates a consistent interest in more affordable, smaller-scale living spaces.
The population in Dashwood has reached 15,000 residents and has seen a significant population growth rate of 7.1%, which is considerably higher than the national average. This influx of new residents is likely contributing to the increased demand for housing and the rise in property values. The current market conditions provide an opportune environment for both buyers seeking long-term investments and sellers looking to capitalize on the favorable market trends.
Investment Opportunities and Potential
Investors considering Dashwood’s real estate market can find ample opportunities due to its growing population and escalating property values. The steady growth in median house and apartment prices points towards ongoing investment potential. Single-family homes, given their higher year-over-year price increase, may offer greater capital appreciation potentials for investors looking for long-term gains.
Apartments present an attractive entry point for investors who prefer lower initial investments while still benefiting from the area’s general price appreciation trend. Moreover, as the population continues to grow, rental demand is expected to rise, which could lead to higher rental yields and lower vacancy rates for income-seeking investors.
Future Market Outlook
The future of Dashwood’s real estate market looks promising based on current trends and data. The sustained population growth suggests that demand for housing will continue to rise, potentially leading to further increases in property values over time. Assuming that economic conditions remain stable and support continued migration to Dashwood, both the house and apartment markets should maintain their positive momentum.
However, it is important for potential investors to consider external factors such as interest rates, employment rates, and economic policies that might affect the region’s real estate landscape. Staying informed about these broader economic indicators will help investors make more educated decisions about entering or exiting the Dashwood real estate market.
In conclusion, Dashwood offers a robust real estate market with healthy growth indicators for both houses and apartments. Investors have opportunities to capitalize on favorable trends bolstered by strong population growth. While future outlook remains bright, careful consideration of broader economic factors is advised when making investment decisions.
