Durieu, 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 | 0.7% |
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 | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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
The real estate market in Durieu, British Columbia, presents a stable environment with a growth inclination. The median house price in the region is currently at $525,000, reflecting a year-over-year increase of 4%. This steady growth indicates a healthy demand for single-family homes and suggests a seller’s market where demand outpaces supply.
Similarly, the apartment sector has shown resilience with the median apartment price standing at $320,000. The year-over-year price increase for apartments is slightly more conservative at 2.5%, which may indicate a slight preference for detached housing in the current market or perhaps a greater supply of apartment units relative to demand.
The population of Durieu has been growing at a rate of 4.8%, signifying an influx of new residents and potential homebuyers. This population growth can be attributed to Durieu’s appealing lifestyle offerings and may be driving some of the positive trends in the real estate market.
Investment Opportunities and Potential
The increasing median prices for both houses and apartments point towards an appreciating market, offering potentially lucrative investment opportunities. Investors could benefit from capital gains over time given the consistent upward trend in property values. Furthermore, the robust population growth positions Durieu as an area ripe for rental investments with an expanding pool of potential tenants.
In light of these factors, investors should consider targeting properties that cater to the preferences of incoming residents, such as family-friendly homes or apartments situated close to amenities. Moreover, given the higher growth rate in house prices relative to apartments, investing in detached homes could yield more significant returns over the long term.
Future Market Outlook
The future outlook for Durieu’s real estate market remains optimistic. The sustained population growth coupled with rising property values suggests continued demand for housing which may lead to further price appreciation. However, investors should remain attentive to economic indicators and local developments that can impact the market dynamics.
Considering the current trends and assuming no major economic disruptions occur, Durieu’s real estate is likely to maintain its trajectory of moderate growth. Prospective buyers looking for long-term investments might find value in securing properties now before prices escalate further.
In conclusion, while no market is without risk, Durieu’s real estate landscape exhibits promising signs for both homebuyers and investors. Continuous monitoring of local trends and broader economic conditions will be essential for making informed decisions in this evolving market.
