Gingolx, 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 Gingolx, British Columbia, is currently characterized by moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This steady growth trend suggests a healthy demand for houses in the area. Similarly, the median apartment price has been marked at $300,000, with a slightly lower year-over-year appreciation of 2.1%. The population of Gingolx has seen a notable increase of 7.1%, indicating a burgeoning local economy and inflow of residents seeking housing, which may be contributing to the consistent rise in property values.
Investment Opportunities and Potential
Given the current trends, Gingolx presents several promising investment opportunities, especially for those looking to enter the market before prices escalate further. The sustained population growth paired with steady appreciation rates for both houses and apartments highlights potential for long-term capital gains for investors. Rental properties could also be lucrative due to the increasing population that may drive rental demand up. Investors should consider both traditional home purchases as well as apartment complexes to capitalize on diverse housing needs.
Future Market Outlook
The outlook for Gingolx’s real estate market remains optimistic. Assuming that the population continues to grow at its current rate of 7.1%, demand for housing will likely remain strong, sustaining or even accelerating current price trends. If economic conditions remain stable and support continued migration to the area, investors can expect ongoing appreciation in property values. It is recommended that prospective buyers enter the market sooner rather than later to maximize potential returns as Gingolx’s real estate landscape continues to evolve.
