Endako, 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 Endako, British Columbia is currently experiencing stable growth. With a median house price of $500,000 and an appreciating trend of 3.5% year-over-year, the housing sector remains robust. Similarly, the apartment sector is witnessing a steady growth with a median price set at $300,000 and a 2.1% increase on a yearly basis. The population of Endako stands at 15,000 with an impressive growth rate of 7.1%, indicating a burgeoning community that could further drive demand in the real estate market.
Investment Opportunities and Potential
In terms of investment opportunities, Endako presents a promising landscape for both residential and rental properties. The consistent upward trend in house and apartment prices suggests that purchasing real estate in this region could offer profitable long-term returns. Investors looking to capitalize on rental income may find the growing population to be a favorable factor, as it may lead to increased demand for housing, particularly apartments which are currently priced lower than houses.
Future Market Outlook
The future outlook for Endako’s real estate market remains optimistic. Given the steady price appreciation trends for both houses and apartments, along with significant population growth, we can anticipate continued demand for housing in the area. If these trends persist, investors and homeowners alike can expect sustained property value increases over time. However, it is important to stay informed about local economic developments and infrastructure projects that may impact the market dynamics.
