Giscome, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Giscome, British Columbia is currently experiencing moderate growth. The median house price stands at $485,000, indicating a year-over-year increase of 3.2%. This suggests a steady upward trend in the housing market, reflective of a growing demand for residential properties. Similarly, the apartment sector shows resilience with a median price of $295,000 and a growth trend of 2.5% over the past year. These numbers point towards a balanced market condition that is favorable to both buyers and sellers.
Investment Opportunities and Potential
Giscome’s real estate market presents appealing investment opportunities with its consistent growth in property values. The town’s population has risen by 3.4%, underpinning the demand for housing and potential for rental markets. Investors may find particular interest in the apartment sector where the entry price point is lower and aligns well with the needs of a growing demographic seeking affordable housing options. The steady increase in property values indicates that investments made today have strong potential for capital appreciation over time.
Future Market Outlook
The future outlook for Giscome’s real estate market remains optimistic. With a population of 15,000 and an above-average growth rate of 3.4%, ongoing demand for housing is expected to persist. This demographic momentum, coupled with the town’s economic stability and attractiveness to new residents, provides a solid foundation for sustained growth in the real estate sector. Assuming no major economic disruptions occur, Giscome’s property market should continue to experience healthy appreciation rates, reinforcing its status as an attractive locale for both living and investing.
