Horsefly, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Horsefly, British Columbia
In Horsefly, British Columbia, the real estate market is exhibiting a steady growth pattern. The median house price currently stands at $495,000, which marks a 4% year-over-year increase. This consistent rise reflects a healthy demand for single-family homes in the region. Similarly, the median apartment price has reached $290,000, showing a slower yet positive annual appreciation of 2.5%. These increments are indicative of a robust market that balances accessibility with sustained value appreciation.
The population of Horsefly is 15,200 and has been experiencing a growth rate of 1.33%. This demographic expansion contributes to the demand for housing and can be seen as an underlying driver of the real estate market’s strength in the area. With more people moving to or within Horsefly, we observe a corresponding upswing in housing needs—both for purchase and rental—which supports the positive trends seen in property values.
Investment Opportunities and Potential in Horsefly
The upward trajectory of house and apartment prices suggests that Horsefly presents viable investment opportunities. Given the moderate population growth coupled with increasing property values, investors might find long-term capital gains in purchasing residential properties. Single-family homes, as indicated by the higher year-over-year price increase compared to apartments, could potentially offer more significant returns on investment due to their greater demand.
Investors seeking to capitalize on rental income may also find opportunities in the apartment sector due to its lower entry cost and steady appreciation rate. As the population grows, so does the pool of potential renters, making it an attractive option for those looking to invest in multifamily units or develop new apartment complexes.
Future Market Outlook for Horsefly
The future real estate market outlook for Horsefly remains optimistic. The continued population growth at a rate of 1.33% suggests an ongoing demand for housing. Assuming this trend persists, we can expect further stability and growth in property values over the coming years. The current economic indicators point towards a sustainable market where both homebuyers and investors can expect appreciation in their assets.
However, it is important for stakeholders to monitor external economic factors such as interest rates, employment rates, and regional economic developments that could impact buyer affordability and investment attractiveness. While current trends provide positive signals, a balanced approach considering potential risks will be crucial for those participating in Horsefly’s real estate market.
In conclusion, Horsefly’s real estate market exhibits promising conditions for both home buyers seeking stable value growth and investors looking for appreciable returns on investments. The key will be to maintain an informed perspective on both local market dynamics and broader economic indicators.
